Eaton Vance Management Has $2,668,000 Position in Marathon Oil Corp. (MRO)
Eaton Vance Management increased its stake in shares of Marathon Oil Corp. (NYSE:MRO) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 177,727 shares of the company’s stock after buying an additional 438 shares during the period. Eaton Vance Management’s holdings in Marathon Oil Corp. were worth $2,668,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Marathon Oil Corp. by 23.5% in the first quarter. State Street Corp now owns 43,544,730 shares of the company’s stock valued at $485,080,000 after buying an additional 8,286,018 shares in the last quarter. Franklin Resources Inc. raised its stake in Marathon Oil Corp. by 23.6% in the first quarter. Franklin Resources Inc. now owns 40,117,684 shares of the company’s stock worth $446,911,000 after buying an additional 7,665,148 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Marathon Oil Corp. by 24.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 24,759,039 shares of the company’s stock worth $275,816,000 after buying an additional 4,824,590 shares during the period. BlackRock Group LTD raised its stake in Marathon Oil Corp. by 71.7% in the first quarter. BlackRock Group LTD now owns 17,985,686 shares of the company’s stock worth $200,363,000 after buying an additional 7,512,828 shares during the period. Finally, BlackRock Fund Advisors raised its stake in Marathon Oil Corp. by 22.8% in the first quarter. BlackRock Fund Advisors now owns 15,129,258 shares of the company’s stock worth $168,540,000 after buying an additional 2,808,295 shares during the period. Institutional investors own 80.96% of the company’s stock.
Shares of Marathon Oil Corp. (NYSE:MRO) traded up 0.75% during trading on Thursday, hitting $14.76. The stock had a trading volume of 11,179,289 shares. Marathon Oil Corp. has a 1-year low of $6.52 and a 1-year high of $20.44. The company’s market capitalization is $12.51 billion. The firm has a 50-day moving average of $15.08 and a 200 day moving average of $13.57.
Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.12 billion. Marathon Oil Corp. had a negative net margin of 43.87% and a negative return on equity of 5.07%. Marathon Oil Corp.’s revenue was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.23) earnings per share. Equities research analysts predict that Marathon Oil Corp. will post ($0.98) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.37%. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -6.58%.
A number of equities research analysts recently commented on MRO shares. Credit Suisse Group AG lowered Marathon Oil Corp. from an “outperform” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Monday, September 12th. Bank of America Corp. set a $21.00 price target on Marathon Oil Corp. and gave the stock a “buy” rating in a research report on Thursday, September 8th. Seaport Global Securities lowered Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research report on Tuesday, August 30th. Citigroup Inc. restated a “hold” rating and set a $16.00 price target (up from $14.00) on shares of Marathon Oil Corp. in a research report on Tuesday, June 21st. Finally, Societe Generale lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.12.
Marathon Oil Corp. Company Profile
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. 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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