Marathon Oil Corporation (MRO) Position Maintained by Eaton Vance Management
Eaton Vance Management held its position in Marathon Oil Corporation (NYSE:MRO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 175,853 shares of the oil and gas producer’s stock at the end of the 2nd quarter. Eaton Vance Management’s holdings in Marathon Oil Corporation were worth $2,084,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Investment Consultants LLC raised its holdings in shares of Marathon Oil Corporation by 33.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 2,287 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Marathon Oil Corporation in the 2nd quarter worth about $122,000. JFS Wealth Advisors LLC raised its holdings in shares of Marathon Oil Corporation by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 2,693 shares during the last quarter. IBM Retirement Fund acquired a new stake in shares of Marathon Oil Corporation in the 2nd quarter worth about $149,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Marathon Oil Corporation in the 2nd quarter worth about $150,000. Institutional investors own 80.98% of the company’s stock.
Marathon Oil Corporation (MRO) opened at 12.00 on Wednesday. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The stock’s 50 day moving average is $11.58 and its 200-day moving average is $13.29. The company’s market capitalization is $10.20 billion. Marathon Oil Corporation also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 1,294 call options on the company. This represents an increase of approximately 127% compared to the typical volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted ($0.23) EPS. Marathon Oil Corporation’s revenue was down 4.0% compared to the same quarter last year. Analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%. Marathon Oil Corporation’s dividend payout ratio is -2.55%.
MRO has been the topic of a number of analyst reports. FBR & Co restated a “buy” rating and issued a $20.00 target price on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Scotiabank set a $19.00 target price on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a report on Monday, August 7th. Finally, KLR Group restated a “buy” rating and issued a $23.00 target price (up previously from $21.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.33.
Marathon Oil Corporation Profile
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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