Pictet Asset Management Ltd. decreased its position in shares of Marathon Oil Corporation (NYSE:MRO) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 463,045 shares of the oil and gas producer’s stock after selling 11,100 shares during the period. Pictet Asset Management Ltd. owned approximately 0.05% of Marathon Oil Corporation worth $6,029,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of MRO. Advisory Services Network LLC bought a new position in shares of Marathon Oil Corporation during the first quarter worth about $103,000. Integrated Investment Consultants LLC raised its position in shares of Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares during the last quarter. IBM Retirement Fund bought a new position in shares of Marathon Oil Corporation during the second quarter worth about $149,000. Finally, Exane Derivatives raised its position in shares of Marathon Oil Corporation by 38.9% in the first quarter. Exane Derivatives now owns 9,907 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 2,775 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.
Shares of Marathon Oil Corporation (NYSE MRO) opened at 10.82 on Friday. The stock’s market capitalization is $9.20 billion. Marathon Oil Corporation has a one year low of $10.80 and a one year high of $19.28. The company’s 50-day moving average is $11.90 and its 200-day moving average is $14.10.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) earnings per share. On average, equities research analysts anticipate that Marathon Oil Corporation will post ($0.45) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.85%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.
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A number of brokerages have issued reports on MRO. Jefferies Group LLC lowered shares of Marathon Oil Corporation from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $16.00 in a research note on Wednesday, May 17th. FBR & Co restated a “buy” rating and set a $20.00 price target on shares of Marathon Oil Corporation in a research note on Tuesday, May 23rd. Morgan Stanley upgraded shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $17.00 to $14.00 in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on shares of Marathon Oil Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price target on the stock. Finally, Barclays PLC restated a “hold” rating and set a $15.00 price target (down previously from $17.00) on shares of Marathon Oil Corporation in a research note on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. Marathon Oil Corporation presently has an average rating of “Hold” and an average price target of $17.30.
About Marathon Oil Corporation
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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