ING Groep NV Acquires Shares of 30,258 Marathon Oil Corporation (MRO)
ING Groep NV acquired a new position in shares of Marathon Oil Corporation (NYSE:MRO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,258 shares of the oil and gas producer’s stock, valued at approximately $410,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. D.A. Davidson & CO. lifted its position in shares of Marathon Oil by 36.7% during the third quarter. D.A. Davidson & CO. now owns 187,177 shares of the oil and gas producer’s stock worth $2,538,000 after purchasing an additional 50,284 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Marathon Oil by 1.3% during the third quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after purchasing an additional 693,366 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Marathon Oil by 13.9% during the third quarter. Ameriprise Financial Inc. now owns 2,188,117 shares of the oil and gas producer’s stock worth $29,787,000 after purchasing an additional 267,610 shares during the last quarter. Commonwealth Equity Services Inc lifted its position in shares of Marathon Oil by 12.8% during the third quarter. Commonwealth Equity Services Inc now owns 184,533 shares of the oil and gas producer’s stock worth $2,502,000 after purchasing an additional 20,912 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Marathon Oil by 276.6% during the third quarter. Quantbot Technologies LP now owns 153,501 shares of the oil and gas producer’s stock worth $2,081,000 after purchasing an additional 112,736 shares during the last quarter. 80.66% of the stock is owned by institutional investors.
Marathon Oil Corporation (MRO) traded up $0.22 during mid-day trading on Thursday, hitting $14.98. The company had a trading volume of 6,397,635 shares, compared to its average volume of 13,387,072. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. sell-side analysts anticipate that Marathon Oil Corporation will post -0.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.34%. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.
Several research firms have recently weighed in on MRO. BMO Capital Markets reiterated a “hold” rating and set a $18.00 target price on shares of Marathon Oil in a research report on Tuesday, November 7th. Barclays lifted their target price on Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Scotiabank set a $19.00 target price on Marathon Oil and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Citigroup downgraded Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Thursday, November 9th. Finally, Stifel Nicolaus set a $10.00 target price on Marathon Oil and gave the stock a “hold” rating in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.90.
COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/11/30/ing-groep-nv-acquires-shares-of-30258-marathon-oil-corporation-mro.html.
About Marathon Oil
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.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.