Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 26.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,648 shares of the oil and gas producer’s stock after purchasing an additional 28,838 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Marathon Oil were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its position in Marathon Oil by 4.6% during the 1st quarter. Nordea Investment Management AB now owns 497,723 shares of the oil and gas producer’s stock worth $8,319,000 after purchasing an additional 21,957 shares during the period. Valeo Financial Advisors LLC boosted its position in Marathon Oil by 36.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 11,406 shares of the oil and gas producer’s stock valued at $162,000 after buying an additional 3,040 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Marathon Oil by 139.0% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,367 shares of the oil and gas producer’s stock valued at $808,000 after buying an additional 28,130 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Marathon Oil by 15.0% in the 1st quarter. Neuburgh Advisers LLC now owns 521,764 shares of the oil and gas producer’s stock valued at $8,719,000 after buying an additional 68,000 shares during the last quarter. Finally, GAM Holding AG boosted its position in Marathon Oil by 18.9% in the 1st quarter. GAM Holding AG now owns 113,404 shares of the oil and gas producer’s stock valued at $1,895,000 after buying an additional 17,991 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Marathon Oil from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Evercore ISI set a $21.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, August 7th. Seaport Global Securities reissued a “buy” rating on shares of Marathon Oil in a research report on Friday, June 21st. Capital One Financial raised shares of Marathon Oil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, ValuEngine raised shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. Marathon Oil presently has an average rating of “Buy” and a consensus target price of $22.06.Shares of Marathon Oil stock traded down $0.36 during trading on Friday, reaching $11.84. The company had a trading volume of 9,381,675 shares, compared to its average volume of 12,257,648. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.23 and a beta of 2.25. The firm’s fifty day moving average is $12.96 and its 200-day moving average is $15.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.09. Marathon Oil Co. has a fifty-two week low of $11.39 and a fifty-two week high of $24.20.
Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.36 billion. Marathon Oil had a net margin of 16.15% and a return on equity of 6.32%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. On average, research analysts anticipate that Marathon Oil Co. will post 0.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.69%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.
About Marathon Oil
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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