The Manufacturers Life Insurance Company trimmed its position in shares of Marathon Oil Co. (NYSE:MRO) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,129,984 shares of the oil and gas producer’s stock after selling 45,621 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Marathon Oil were worth $18,881,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Executive Wealth Management LLC bought a new stake in Marathon Oil during the 4th quarter valued at approximately $27,000. JNBA Financial Advisors bought a new stake in Marathon Oil during the 4th quarter valued at approximately $29,000. Semmax Financial Advisors Inc. boosted its position in Marathon Oil by 181.1% during the 1st quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 1,195 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new stake in Marathon Oil during the 1st quarter valued at approximately $34,000. Finally, Pinnacle Bank bought a new stake in Marathon Oil during the 4th quarter valued at approximately $42,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on MRO. Atlantic Securities cut Marathon Oil from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $20.50 to $15.00 in a research report on Thursday. Capital One Financial raised Marathon Oil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Morgan Stanley set a $19.00 price objective on Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, May 8th. ValuEngine cut Marathon Oil from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and a consensus price target of $22.65.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue was down 30.9% on a year-over-year basis. Sell-side analysts predict that Marathon Oil Co. will post 0.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.54%. Marathon Oil’s payout ratio is 28.17%.
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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 and International. 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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