Paloma Partners Management Co Has $1.64 Million Stake in Marathon Oil Co. (MRO)

Paloma Partners Management Co cut its stake in Marathon Oil Co. (NYSE:MRO) by 14.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,380 shares of the oil and gas producer’s stock after selling 13,347 shares during the period. Paloma Partners Management Co’s holdings in Marathon Oil were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in shares of Marathon Oil in the first quarter valued at approximately $102,000. First Mercantile Trust Co. purchased a new stake in shares of Marathon Oil in the second quarter valued at approximately $111,000. Summit Trail Advisors LLC grew its position in shares of Marathon Oil by 1,935.8% in the first quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 121,741 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Marathon Oil by 146.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 4,144 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Marathon Oil in the first quarter valued at approximately $147,000. Institutional investors and hedge funds own 80.60% of the company’s stock.

A number of research firms have recently issued reports on MRO. BMO Capital Markets restated a “hold” rating and issued a $23.00 price target on shares of Marathon Oil in a research report on Tuesday, July 10th. Stifel Nicolaus set a $21.00 price target on Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, August 29th. Morgan Stanley began coverage on Marathon Oil in a research report on Thursday, July 12th. They issued an “equal weight” rating and a $23.00 price target for the company. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Wednesday, July 4th. Finally, Tudor Pickering upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Marathon Oil presently has a consensus rating of “Buy” and an average price target of $21.65.

Shares of Marathon Oil stock opened at $20.88 on Friday. The company has a market capitalization of $17.56 billion, a P/E ratio of 64.25, a price-to-earnings-growth ratio of 1.60 and a beta of 2.39. Marathon Oil Co. has a fifty-two week low of $11.84 and a fifty-two week high of $22.74. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) earnings per share. equities research analysts predict that Marathon Oil Co. will post 0.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Wednesday, August 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.20 annualized dividend and a yield of 0.96%. Marathon Oil’s payout ratio is -52.63%.

Marathon Oil Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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