Brown Advisory Inc. bought a new position in Marathon Oil Co. (NYSE:MRO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,629 shares of the oil and gas producer’s stock, valued at approximately $201,000.
Other hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in Marathon Oil in the 1st quarter worth about $102,000. First Mercantile Trust Co. acquired a new position in Marathon Oil in the 2nd quarter worth about $111,000. Summit Trail Advisors LLC increased its position in Marathon Oil by 1,935.8% in the 1st quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 121,741 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in Marathon Oil in the 1st quarter worth about $147,000. Finally, Financial Advocates Investment Management acquired a new position in Marathon Oil in the 1st quarter worth about $163,000. 80.60% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on MRO shares. Tudor Pickering raised Marathon Oil from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Seaport Global Securities reissued a “buy” rating on shares of Marathon Oil in a report on Friday, September 7th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 31st. Morgan Stanley initiated coverage on Marathon Oil in a report on Thursday, July 12th. They set an “equal weight” rating and a $23.00 price objective on the stock. Finally, BMO Capital Markets reissued a “hold” rating and set a $23.00 price objective on shares of Marathon Oil in a report on Tuesday, July 10th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.65.
Shares of NYSE MRO opened at $20.88 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The stock has a market cap of $17.56 billion, a PE ratio of -54.95, a P/E/G ratio of 1.60 and a beta of 2.39. Marathon Oil Co. has a 52 week low of $11.84 and a 52 week high of $22.74.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned ($0.24) EPS. Marathon Oil’s revenue for the quarter was up 33.8% compared to the same quarter last year. research analysts expect that Marathon Oil Co. will post 0.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Wednesday, August 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.20 annualized dividend and a yield of 0.96%. Marathon Oil’s payout ratio is -52.63%.
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 E&P and International E&P. 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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