Virtu Financial LLC lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 60.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,124 shares of the oil and gas producer’s stock after acquiring an additional 18,082 shares during the period. Virtu Financial LLC’s holdings in Marathon Oil were worth $590,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Rational Advisors LLC boosted its stake in shares of Marathon Oil by 268.8% during the 2nd quarter. Rational Advisors LLC now owns 1,763 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 1,285 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Marathon Oil in the 3rd quarter valued at $25,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Marathon Oil by 356.2% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,299 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 1,795 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Marathon Oil in the 2nd quarter valued at $33,000. Finally, NuWave Investment Management LLC increased its stake in shares of Marathon Oil by 78.0% in the 3rd quarter. NuWave Investment Management LLC now owns 3,138 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
Several analysts recently weighed in on MRO shares. Guggenheim initiated coverage on Marathon Oil in a research report on Tuesday, November 26th. They set a “neutral” rating for the company. ValuEngine lowered Marathon Oil from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Evercore ISI set a $21.00 price objective on Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, August 7th. Wells Fargo & Co upped their target price on Marathon Oil from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Tudor Pickering cut Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Marathon Oil presently has an average rating of “Buy” and a consensus target price of $19.86.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.14 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. Equities analysts predict that Marathon Oil Co. will post 0.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, November 19th. Marathon Oil’s payout ratio is 28.17%.
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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