BB&T Securities LLC lowered its position in Marathon Oil Corporation (NYSE:MRO) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 12,311 shares of the oil and gas producer’s stock after selling 415 shares during the period. BB&T Securities LLC’s holdings in Marathon Oil Corporation were worth $194,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Independent Advisor Alliance purchased a new stake in shares of Marathon Oil Corporation during the fourth quarter worth about $103,000. Advisory Services Network LLC purchased a new stake in shares of Marathon Oil Corporation during the first quarter worth about $103,000. Exane Derivatives boosted its stake in shares of Marathon Oil Corporation by 38.9% in the first quarter. Exane Derivatives now owns 9,907 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 2,775 shares in the last quarter. Klingenstein Fields & Co. LLC boosted its stake in shares of Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 83 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of Marathon Oil Corporation during the first quarter worth about $161,000. Institutional investors own 81.84% of the company’s stock.
Shares of Marathon Oil Corporation (NYSE:MRO) traded up 1.21% on Friday, hitting $12.52. 16,457,424 shares of the stock traded hands. The firm’s market cap is $10.64 billion. The stock has a 50-day moving average price of $13.72 and a 200 day moving average price of $15.92. Marathon Oil Corporation has a 52 week low of $12.04 and a 52 week high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Marathon Oil Corporation had a negative net margin of 134.01% and a negative return on equity of 2.54%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned ($0.43) EPS. The business’s quarterly revenue was up 88.1% compared to the same quarter last year. Equities research analysts predict that Marathon Oil Corporation will post ($0.20) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Monday, May 15th. Marathon Oil Corporation’s dividend payout ratio is currently -2.53%.
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A number of brokerages have recently issued reports on MRO. Scotiabank set a $21.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. BidaskClub upgraded Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. Canaccord Genuity set a $17.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Tuesday, March 14th. Vetr cut Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $18.01 price objective for the company. in a report on Wednesday, March 1st. Finally, Royal Bank Of Canada boosted their price objective on Marathon Oil Corporation from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Friday, March 10th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Marathon Oil Corporation currently has an average rating of “Hold” and a consensus price target of $19.34.
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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