Nomura Asset Management Co. Ltd. Sells 5,190 Shares of Marathon Oil Co. (NYSE:MRO)

Nomura Asset Management Co. Ltd. lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,625 shares of the oil and gas producer’s stock after selling 5,190 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Marathon Oil were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. NuWave Investment Management LLC increased its position in Marathon Oil by 268.8% in the second quarter. NuWave Investment Management LLC now owns 1,763 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 1,285 shares during the last quarter. Rational Advisors LLC increased its position in Marathon Oil by 268.8% in the second quarter. Rational Advisors LLC now owns 1,763 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 1,285 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Marathon Oil in the first quarter worth $33,000. Liberty Wealth Management LLC bought a new stake in Marathon Oil in the second quarter worth $33,000. Finally, Kavar Capital Partners LLC bought a new stake in Marathon Oil in the second quarter worth $48,000. Institutional investors own 82.89% of the company’s stock.

A number of research firms have weighed in on MRO. TheStreet cut shares of Marathon Oil from a “b-” rating to a “c+” rating in a research report on Wednesday, July 10th. ValuEngine upgraded shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Atlantic Securities cut shares of 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, June 13th. Seaport Global Securities reiterated a “buy” rating on shares of Marathon Oil in a research report on Friday, June 21st. Finally, Capital One Financial upgraded shares of Marathon Oil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and a consensus target price of $22.06.

Shares of MRO traded up $0.01 during trading hours on Thursday, reaching $13.04. 319,529 shares of the company traded hands, compared to its average volume of 10,753,922. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.57 and a beta of 2.27. Marathon Oil Co. has a 12-month low of $11.39 and a 12-month high of $24.20. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average price is $12.56 and its 200 day moving average price is $14.70.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.12. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.36 billion. Marathon Oil had a net margin of 16.15% and a return on equity of 6.32%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, research analysts forecast that Marathon Oil Co. will post 0.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, August 20th. Marathon Oil’s dividend payout ratio is currently 28.17%.

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.

Further Reading: Hedge Funds – Risk or Reward?

Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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