Beam Wealth Advisors Inc. Buys New Holdings in Marathon Oil Co. (NYSE:MRO)

Beam Wealth Advisors Inc. acquired a new stake in Marathon Oil Co. (NYSE:MRO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,822 shares of the oil and gas producer’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MRO. Riverview Trust Co acquired a new stake in Marathon Oil in the 1st quarter valued at $27,000. Benjamin Edwards Inc. boosted its stake in shares of Marathon Oil by 226.0% in the 1st quarter. Benjamin Edwards Inc. now owns 978 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 678 shares in the last quarter. Founders Capital Management grew its holdings in shares of Marathon Oil by 100.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Fortis Group Advisors LLC increased its position in shares of Marathon Oil by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 618 shares in the last quarter. Finally, Manchester Capital Management LLC bought a new position in Marathon Oil during the 4th quarter valued at about $31,000. Institutional investors own 77.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MRO. Citigroup decreased their target price on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Scotiabank lowered their price target on shares of Marathon Oil from $29.00 to $27.61 and set a “sector perform” rating for the company in a report on Monday, August 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $29.00 price objective (down previously from $38.00) on shares of Marathon Oil in a report on Friday, May 31st. UBS Group lowered their target price on Marathon Oil from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, Mizuho upped their price target on Marathon Oil from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.03.

Marathon Oil Trading Down 0.3 %

NYSE:MRO opened at $26.64 on Tuesday. The business’s 50-day simple moving average is $27.95 and its 200-day simple moving average is $27.44. Marathon Oil Co. has a fifty-two week low of $21.81 and a fifty-two week high of $30.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The stock has a market capitalization of $14.90 billion, a PE ratio of 11.01 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Sell-side analysts expect that Marathon Oil Co. will post 2.76 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.65%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.