Stevens Capital Management LP Sells 169,118 Shares of Marathon Oil Corporation (MRO)
Stevens Capital Management LP cut its position in shares of Marathon Oil Corporation (NYSE:MRO) by 87.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,641 shares of the oil and gas producer’s stock after selling 169,118 shares during the quarter. Stevens Capital Management LP’s holdings in Marathon Oil Corporation were worth $334,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp bought a new position in shares of Marathon Oil Corporation during the 2nd quarter valued at about $122,000. JFS Wealth Advisors LLC increased its position in shares of Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 2,693 shares during the last quarter. IBM Retirement Fund bought a new position in shares of Marathon Oil Corporation during the 2nd quarter valued at about $149,000. Zweig DiMenna Associates LLC bought a new position in shares of Marathon Oil Corporation during the 2nd quarter valued at about $150,000. Finally, Intact Investment Management Inc. bought a new position in shares of Marathon Oil Corporation during the 3rd quarter valued at about $173,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
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Marathon Oil Corporation (NYSE:MRO) opened at $15.05 on Monday. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) EPS. analysts anticipate that Marathon Oil Corporation will post -0.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, November 14th. Marathon Oil Corporation’s payout ratio is presently -2.40%.
Several equities analysts have recently commented on the company. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the company a “buy” rating in a research report on Monday, November 13th. Citigroup Inc. lowered Marathon Oil Corporation from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Thursday, November 9th. Zacks Investment Research lowered Marathon Oil Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BMO Capital Markets reiterated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil Corporation in a research report on Tuesday, November 7th. Finally, Jefferies Group LLC increased their price objective on Marathon Oil Corporation from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.34.
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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