Wagner Bowman Management Corp cut its position in Marathon Oil Corp. (NYSE:MRO) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,101 shares of the company’s stock after selling 550 shares during the period. Wagner Bowman Management Corp’s holdings in Marathon Oil Corp. were worth $211,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in MRO. Integrated Investment Consultants LLC boosted its stake in Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock worth $106,000 after buying an additional 2,234 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Marathon Oil Corp. during the first quarter worth approximately $145,000. JFS Wealth Advisors LLC boosted its stake in Marathon Oil Corp. by 49.1% in the second quarter. JFS Wealth Advisors LLC now owns 10,107 shares of the company’s stock worth $152,000 after buying an additional 3,328 shares during the last quarter. Advisor Partners LLC boosted its stake in Marathon Oil Corp. by 42.7% in the first quarter. Advisor Partners LLC now owns 16,379 shares of the company’s stock worth $182,000 after buying an additional 4,905 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management boosted its stake in Marathon Oil Corp. by 12.6% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 16,386 shares of the company’s stock worth $183,000 after buying an additional 1,837 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.
Shares of Marathon Oil Corp. (NYSE:MRO) traded up 5.62% during trading on Wednesday, hitting $14.65. 18,859,273 shares of the company’s stock were exchanged. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $20.44. The company’s market cap is $12.41 billion. The company has a 50-day moving average of $15.08 and a 200-day moving average of $13.57.
Marathon Oil Corp. (NYSE:MRO) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.05. Marathon Oil Corp. had a negative net margin of 43.87% and a negative return on equity of 5.07%. The firm earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business posted ($0.23) EPS. The business’s revenue was down 15.0% compared to the same quarter last year. On average, equities analysts expect that Marathon Oil Corp. will post ($0.98) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Wednesday, August 17th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, August 15th. Marathon Oil Corp.’s dividend payout ratio is currently -6.58%.
Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating on shares of Marathon Oil Corp. in a report on Saturday, July 9th. Piper Jaffray Cos. upgraded shares of Marathon Oil Corp. from a “neutral” rating to an “overweight” rating and set a $16.00 target price on the stock in a report on Tuesday, May 31st. Jefferies Group restated a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of Marathon Oil Corp. in a report on Monday, July 11th. Simmons upgraded shares of Marathon Oil Corp. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $16.00 in a report on Tuesday, May 31st. Finally, Bank of America Corp. assumed coverage on shares of Marathon Oil Corp. in a report on Tuesday, June 21st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.12.
Marathon Oil Corp. Company Profile
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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