New York Life Funding Administration LLC elevated its stake in shares of Marathon Oil Co. (NYSE:MRO – Free Report) by 361.7% within the second quarter, Holdings Channel experiences. The agency owned 371,203 shares of the oil and gasoline producer’s inventory after shopping for a further 290,799 shares throughout the quarter. New York Life Funding Administration LLC’s holdings in Marathon Oil have been price $10,642,000 on the finish of the newest quarter.
Numerous different institutional traders and hedge funds have additionally added to or lowered their stakes in MRO. Riverview Belief Co purchased a brand new stake in Marathon Oil within the first quarter valued at about $27,000. Benjamin Edwards Inc. elevated its holdings in Marathon Oil by 226.0% within the first quarter. Benjamin Edwards Inc. now owns 978 shares of the oil and gasoline producer’s inventory valued at $28,000 after buying a further 678 shares over the last quarter. Founders Capital Administration elevated its holdings in Marathon Oil by 100.0% within the second quarter. Founders Capital Administration now owns 1,000 shares of the oil and gasoline producer’s inventory valued at $29,000 after buying a further 500 shares over the last quarter. Fortis Group Advisors LLC elevated its holdings in Marathon Oil by 100.0% within the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gasoline producer’s inventory valued at $30,000 after buying a further 618 shares over the last quarter. Lastly, Manchester Capital Administration LLC purchased a brand new stake in Marathon Oil within the fourth quarter valued at about $31,000. Institutional traders personal 77.24% of the corporate’s inventory.
Marathon Oil Inventory Efficiency
Shares of NYSE MRO opened at $26.72 on Friday. The inventory has a 50 day transferring common value of $27.99 and a 200 day transferring common value of $27.39. Marathon Oil Co. has a 52 week low of $21.81 and a 52 week excessive of $30.06. The corporate has a debt-to-equity ratio of 0.41, a fast ratio of 0.52 and a present ratio of 0.57. The inventory has a market capitalization of $15.07 billion, a PE ratio of 11.04 and a beta of two.16.
Marathon Oil (NYSE:MRO – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, August seventh. The oil and gasoline producer reported $0.63 EPS for the quarter, lacking the consensus estimate of $0.69 by ($0.06). Marathon Oil had a web margin of twenty-two.12% and a return on fairness of 13.81%. The corporate had income of $1.71 billion for the quarter, in comparison with analyst estimates of $1.69 billion. Throughout the identical interval final yr, the corporate posted $0.48 earnings per share. The enterprise’s income for the quarter was up 12.8% on a year-over-year foundation. Analysts predict that Marathon Oil Co. will put up 2.76 earnings per share for the present fiscal yr.
Marathon Oil Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which will likely be paid on Tuesday, September tenth. Buyers of document on Wednesday, August twenty first will likely be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, August twenty first. This represents a $0.44 annualized dividend and a yield of 1.65%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.
Analyst Upgrades and Downgrades
Numerous equities analysis analysts not too long ago commented on the corporate. StockNews.com assumed protection on Marathon Oil in a report on Wednesday. They issued a “purchase” ranking for the corporate. Scotiabank lowered their value goal on Marathon Oil from $29.00 to $27.61 and set a “sector carry out” ranking for the corporate in a report on Monday, August twelfth. Capital One Monetary downgraded Marathon Oil from a “strong-buy” ranking to a “maintain” ranking in a report on Wednesday, June fifth. Wells Fargo & Firm restated an “equal weight” ranking and issued a $29.00 value goal (down from $38.00) on shares of Marathon Oil in a report on Friday, Might thirty first. Lastly, Susquehanna lowered their value goal on Marathon Oil from $39.00 to $37.00 and set a “constructive” ranking for the corporate in a report on Wednesday. 9 funding analysts have rated the inventory with a maintain ranking, 9 have assigned a purchase ranking and one has issued a robust purchase ranking to the corporate. In keeping with knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Average Purchase” and a mean goal value of $32.03.
Get Our Newest Evaluation on Marathon Oil
Marathon Oil Firm Profile
Marathon Oil Company, an impartial exploration and manufacturing firm, engages in exploration, manufacturing, and advertising of crude oil and condensate, pure gasoline liquids, and pure gasoline in the US and internationally. The corporate additionally produces and markets merchandise manufactured from pure gasoline, reminiscent of liquefied pure gasoline and methanol.
See Additionally
Wish to see what different hedge funds are holding MRO? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Marathon Oil Co. (NYSE:MRO – Free Report).
Obtain Information & Scores for Marathon Oil Each day – Enter your e mail deal with beneath to obtain a concise every day abstract of the newest information and analysts’ rankings for Marathon Oil and associated corporations with MarketBeat.com’s FREE every day e mail publication.
