Sunbelt Securities Inc. acquired a new stake in shares of Marathon Oil Co. (NYSE:MRO) during the third quarter, Holdings Channel reports. The firm acquired 16,656 shares of the oil and gas producer’s stock, valued at approximately $204,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRO. Pictet Asset Management Ltd. lifted its holdings in Marathon Oil by 1.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 406,120 shares of the oil and gas producer’s stock worth $4,983,000 after buying an additional 6,600 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Marathon Oil by 6.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 888,506 shares of the oil and gas producer’s stock valued at $10,902,000 after buying an additional 50,644 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Marathon Oil by 60.2% in the 3rd quarter. Virtu Financial LLC now owns 48,124 shares of the oil and gas producer’s stock valued at $590,000 after buying an additional 18,082 shares during the period. Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Marathon Oil in the 3rd quarter valued at $1,066,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Marathon Oil during the third quarter worth $125,000. 82.47% of the stock is currently owned by institutional investors.
Shares of Marathon Oil stock opened at $11.96 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. Marathon Oil Co. has a 12 month low of $11.06 and a 12 month high of $18.93. The business has a fifty day simple moving average of $11.93 and a 200 day simple moving average of $12.85. The stock has a market cap of $9.32 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.18 and a beta of 2.31.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.10. Marathon Oil had a return on equity of 5.56% and a net margin of 15.51%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was down 19.3% on a year-over-year basis. Analysts expect that Marathon Oil Co. will post 0.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.67%. Marathon Oil’s payout ratio is currently 28.17%.
Several equities analysts have recently issued reports on MRO shares. Royal Bank of Canada set a $21.00 price target on Marathon Oil and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine upgraded Marathon Oil from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI set a $21.00 price objective on Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, August 7th. Tudor Pickering cut Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Tuesday, September 24th. Finally, Morgan Stanley cut their target price on shares of Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Marathon Oil has an average rating of “Buy” and a consensus price target of $19.86.
Marathon Oil Profile
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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