Dohj LLC purchased a new stake in shares of Marathon Oil Co. (NYSE:MRO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,243 shares of the oil and gas producer’s stock, valued at approximately $262,000.
Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in Marathon Oil during the first quarter valued at approximately $1,818,000. Strategic Wealth Advisors Group LLC acquired a new stake in shares of Marathon Oil in the second quarter worth $1,212,000. Vident Investment Advisory LLC grew its stake in shares of Marathon Oil by 280.7% in the first quarter. Vident Investment Advisory LLC now owns 250,626 shares of the oil and gas producer’s stock worth $2,676,000 after acquiring an additional 184,788 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Marathon Oil by 2.7% in the first quarter. Principal Financial Group Inc. now owns 1,192,595 shares of the oil and gas producer’s stock worth $12,737,000 after acquiring an additional 31,416 shares during the last quarter. Finally, Ninepoint Partners LP acquired a new stake in shares of Marathon Oil in the second quarter worth $6,810,000. Institutional investors own 70.85% of the company’s stock.
Several equities research analysts have recently issued reports on MRO shares. Truist Securities raised their price objective on shares of Marathon Oil from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, July 1st. Zacks Investment Research downgraded shares of Marathon Oil from a “strong-buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Monday, August 23rd. Royal Bank of Canada upgraded shares of Marathon Oil from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $18.00 in a research note on Thursday, June 10th. Barclays raised their price objective on shares of Marathon Oil from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, June 3rd. Finally, Raymond James reduced their target price on Marathon Oil from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, August 24th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Oil presently has a consensus rating of “Buy” and a consensus price target of $15.27.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Tuesday, August 3rd. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Marathon Oil had a positive return on equity of 0.21% and a negative net margin of 14.27%. The business’s revenue was up 320.2% on a year-over-year basis. During the same period last year, the business earned ($0.60) earnings per share. On average, equities research analysts expect that Marathon Oil Co. will post 1.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Wednesday, August 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 17th. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. Marathon Oil’s dividend payout ratio (DPR) is -17.24%.
Marathon Oil Company 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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