State of Alaska Department of Revenue trimmed its position in Marathon Oil Co. (NYSE:MRO) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,988 shares of the oil and gas producer’s stock after selling 1,413 shares during the quarter. State of Alaska Department of Revenue’s holdings in Marathon Oil were worth $1,653,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vident Investment Advisory LLC raised its holdings in shares of Marathon Oil by 0.3% in the 2nd quarter. Vident Investment Advisory LLC now owns 251,443 shares of the oil and gas producer’s stock worth $3,425,000 after purchasing an additional 817 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Marathon Oil by 6.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 16,330 shares of the oil and gas producer’s stock worth $222,000 after purchasing an additional 949 shares during the period. Salem Capital Management Inc. raised its holdings in shares of Marathon Oil by 1.0% in the 2nd quarter. Salem Capital Management Inc. now owns 103,150 shares of the oil and gas producer’s stock worth $1,405,000 after purchasing an additional 1,000 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Marathon Oil by 6.6% in the 2nd quarter. Moors & Cabot Inc. now owns 16,242 shares of the oil and gas producer’s stock worth $221,000 after purchasing an additional 1,001 shares during the period. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Marathon Oil by 1.7% in the 2nd quarter. Checchi Capital Advisers LLC now owns 66,876 shares of the oil and gas producer’s stock worth $911,000 after purchasing an additional 1,125 shares during the period. Institutional investors own 70.87% of the company’s stock.
Several equities research analysts recently commented on MRO shares. Zacks Investment Research downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a report on Monday, August 23rd. Benchmark started coverage on Marathon Oil in a report on Tuesday, October 26th. They set a “buy” rating and a $19.00 target price on the stock. Morgan Stanley raised their target price on Marathon Oil from $15.00 to $18.00 and gave the company an “equal weight” rating in a report on Wednesday, October 6th. Mizuho raised their target price on Marathon Oil from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 26th. Finally, Raymond James raised their target price on Marathon Oil from $25.00 to $27.00 and gave the company a “strong-buy” rating in a report on Thursday, November 11th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $17.71.
Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Marathon Oil had a positive return on equity of 5.17% and a negative net margin of 0.91%. During the same quarter last year, the firm earned ($0.28) EPS. On average, sell-side analysts predict that Marathon Oil Co. will post 1.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Wednesday, November 17th will be given a $0.06 dividend. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.43%. Marathon Oil’s dividend payout ratio (DPR) is presently -399.93%.
Marathon Oil Profile
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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