Laurion Capital Management LP purchased a new stake in shares of Marathon Oil Corporation (NYSE:MRO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 254,400 shares of the oil and gas producer’s stock, valued at approximately $3,014,000.
A number of other large investors have also recently modified their holdings of MRO. Integrated Investment Consultants LLC grew its holdings in Marathon Oil Corporation by 33.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,287 shares during the last quarter. Dupont Capital Management Corp bought a new position in Marathon Oil Corporation during the 2nd quarter valued at about $122,000. JFS Wealth Advisors LLC grew its holdings in Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 2,693 shares during the last quarter. IBM Retirement Fund bought a new position in Marathon Oil Corporation during the 2nd quarter valued at about $149,000. Finally, Zweig DiMenna Associates LLC bought a new position in Marathon Oil Corporation during the 2nd quarter valued at about $150,000. Institutional investors own 80.98% of the company’s stock.
Several equities analysts recently commented on the stock. FBR & Co reiterated a “buy” rating and set a $20.00 price target on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. Morgan Stanley raised shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) started 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 objective for the company. Piper Jaffray Companies set a $20.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Saturday, June 24th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Marathon Oil Corporation currently has a consensus rating of “Hold” and a consensus price target of $17.33.
Shares of Marathon Oil Corporation (NYSE MRO) opened at 12.09 on Tuesday. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The stock’s market cap is $10.27 billion. The company’s 50-day moving average is $11.59 and its 200-day moving average is $13.32. Marathon Oil Corporation also was the recipient of some unusual options trading activity on Monday. Investors acquired 1,294 call options on the company. This represents an increase of approximately 127% compared to the average daily volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) last announced 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). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted ($0.23) EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts anticipate that Marathon Oil Corporation will post ($0.46) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a $0.05 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.66%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.
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Marathon Oil Corporation Company 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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