Banco de Sabadell S.A lifted its position in Marathon Oil Co. (NYSE:MRO) by 91.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,548 shares of the oil and gas producer’s stock after buying an additional 26,522 shares during the quarter. Banco de Sabadell S.A’s holdings in Marathon Oil were worth $1,154,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MRO. Penserra Capital Management LLC purchased a new stake in shares of Marathon Oil in the 1st quarter valued at $102,000. First Mercantile Trust Co. purchased a new stake in shares of Marathon Oil in the 2nd quarter valued at $111,000. Summit Trail Advisors LLC raised its holdings in shares of 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 valued at $128,000 after buying an additional 121,741 shares during the period. Envestnet Asset Management Inc. grew its stake in Marathon Oil by 146.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 4,144 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in Marathon Oil during the 1st quarter worth $147,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.
MRO has been the subject of several analyst reports. Seaport Global Securities reissued a “buy” rating on shares of Marathon Oil in a research note on Friday, September 7th. Tudor Pickering raised Marathon Oil from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 31st. ValuEngine raised Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, JPMorgan Chase & Co. set a $27.00 target price on Marathon Oil and gave the stock a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $22.59.
Shares of NYSE:MRO traded down $0.31 on Friday, hitting $23.41. 9,526,059 shares of the company’s stock were exchanged, compared to its average volume of 12,089,137. The stock has a market cap of $19.88 billion, a P/E ratio of -61.61, a P/E/G ratio of 1.96 and a beta of 2.39. Marathon Oil Co. has a 1-year low of $13.28 and a 1-year high of $24.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The company’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) earnings per share. On average, equities research analysts predict that Marathon Oil Co. will post 0.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.85%. Marathon Oil’s dividend payout ratio is currently -52.63%.
In other news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the transaction, the vice president now directly owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Marathon Oil Company 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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