Chemical Bank held its position in shares of Marathon Oil Corporation (NYSE:MRO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,702 shares of the oil and gas producer’s stock at the end of the 2nd quarter. Chemical Bank’s holdings in Marathon Oil Corporation were worth $245,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MRO. Advisors Asset Management Inc. raised its position in Marathon Oil Corporation by 8.7% in the 1st quarter. Advisors Asset Management Inc. now owns 22,783 shares of the oil and gas producer’s stock valued at $360,000 after purchasing an additional 1,820 shares during the last quarter. American Century Companies Inc. purchased a new stake in Marathon Oil Corporation in the 1st quarter valued at $310,000. UBS Asset Management Americas Inc. raised its position in Marathon Oil Corporation by 3.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,397,947 shares of the oil and gas producer’s stock valued at $53,688,000 after purchasing an additional 126,247 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Marathon Oil Corporation in the 1st quarter valued at $4,868,000. Finally, Ameriprise Financial Inc. raised its position in Marathon Oil Corporation by 4.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock valued at $57,689,000 after purchasing an additional 164,096 shares during the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.
Marathon Oil Corporation (NYSE MRO) opened at 12.00 on Friday. The firm’s market capitalization is $10.20 billion. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The stock’s 50 day moving average is $11.60 and its 200-day moving average is $13.39.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Equities research analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s payout ratio is currently -2.55%.
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MRO has been the subject of several research reports. Citigroup Inc. reduced their price target on shares of Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Barclays PLC set a $11.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Marathon Oil Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 price target for the company. BidaskClub upgraded shares of Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.33.
Marathon Oil Corporation Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America 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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