According to the most recent report that Empirical Finance LLC submitted to the Securities and Exchange Commission, the company increased the number of shares of Marathon Oil Company (NYSE: MRO) that it owned by 119.5% during the third quarter. The investment fund finished the period with a total holding of 35,115 shares of the oil and gas producer’s stock, having purchased an additional 19,115 shares during the period in question. The most recent report that Empirical Finance LLC has provided to the Securities and Exchange Commission indicates that the company’s investment in Marathon Oil is currently worth $793,000.
Several additional institutional investors have recently made modifications to the proportion of the company’s stock that they own at their respective institutions. The State Street Corporation increased the percentage of Marathon Oil shares it owned by 0.8% during the first three months of 2018. State Street Corp. now owns 48,341,531 shares of the oil and gas producer’s stock following the purchase of an additional 392,821 shares during the most recent trading session. The stock currently has an estimated market value of $1,213,856,000. The Northern Trust Corporation achieved a 15.4% increase in its ownership of Marathon Oil during the second quarter of the fiscal year. Northern Trust Corp. now has a total of 9,050,291 shares of the oil and gas producer’s stock, which have a value of $203,450,000, after purchasing an additional 1,209,296 shares during the period in question. These shares have a value of $203,450,000. The percentage of Marathon Oil stock that Wellington Management Group LLP owned increased by 1,220.4% during the first three months of the year after the company made a purchase.
After making additional purchases of 8,091,570 shares of the oil and gas producer’s stock during the period, Wellington Management Group LLP now holds 8,754,588 shares of the company’s stock. These shares have an estimated value of $219,828,000 at present. The value of Goldman Sachs Group Inc.’s holdings in Marathon Oil increased by 60.1% during the first three months of the year. Goldman Sachs Group Inc. now has 7,739,802 shares of the oil and gas producer’s stock after purchasing an additional 2,904,140 shares during the period in question. The value of these shares as of right now is $194,346,000 in total.
Last but not least, during the first three months of the year, First Trust Advisors LP made a 35.3% increase in the number of Marathon Oil shares it owned as a percentage of its total assets. First Trust Advisors LP now has a total of 7,026,775 shares of the oil and gas producer’s stock, which are currently valued at $176,442,000, after purchasing an additional 1,835,182 shares during the period in question. Shares of the company are currently held by hedge funds and various other institutional investors, for 77.30% of the total.
Several different analyst studies about MRO have been compiled over time.
Morgan Stanley raised their rating on Marathon Oil from “equal weight” to “overweight” in a research note published on Tuesday.
Additionally, they raised their target price for the stock from $27.00 to $28.00.
Both of these alterations were carried out. Citigroup lowered their target price for Marathon Oil from $31.00 to $30.00 and rated the company “neutral” in a research note published on Friday, January 13.
In a research note published on December 7, Barclays increased the price objective for Marathon Oil from $34.00 to $35.00.
Additionally, they classified the stock as “overweight.” Mizuho reaffirmed a “neutral” rating on shares of Marathon Oil and set a price objective of $32.00 on the stock in a research note published on Tuesday, January 10. The research note was about the company’s stock. Jefferies Financial Group revealed that it would begin covering Marathon Oil on Wednesday, October 19, when it published a research note in which it made the announcement. They suggested maintaining ownership of the stock while targeting a price of thirty dollars per share as a price objective for the portfolio. Two equity research analysts have assigned the stock a rating of “sell,” six analysts have assigned the stock a rating of “hold,” ten analysts have assigned the stock a rating of “buy,” and one analyst has assigned the stock a rating of “strong buy.” The current average recommendation for Marathon Oil on Bloomberg’s website is “Moderate Buy,” and the website’s price target for the company is $33.88.
When trading started on Thursday, a share of MRO’s stock was going for $27.86 per share.
During the last year and a half, the share price of Marathon Oil Company has fluctuated anywhere from $19.11 to $33.42 at various points.
It is currently valued at $17.64 billion, which can be attributed to the company’s beta value of 2.43, P/E ratio of 5.35, and P/E growth ratio of 0.32.
All of these metrics contribute to the company’s current valuation. The stock is currently trading at $27.94, above its 200-day simple moving average of $26.62, which is also above its 50-day simple moving average. This company has a debt-to-equity ratio of 0.32, a current ratio of 1.08, and a quick ratio of 1.04.
All three of these ratios total 1.04.
The latest quarterly earnings report for Marathon Oil, traded on the New York Stock Exchange under the MRO ticker, was released on November 2. The oil and gas industry reported earnings per share (EPS) of $1.24 for the quarter, which was $0.05 more than the average prediction made by industry analysts. The net margin for Marathon Oil came in at 46.11 percent, and the company’s return on equity was 27.76 percent. The revenue for the quarter came in significantly higher than the $2.07 billion analysts had anticipated, coming in at a total of $2.25 billion instead. This year, equity research analysts anticipate that Marathon Oil Company will generate $4.47 per share, bringing the company’s total earnings to $8.47 billion.
The company recently declared a quarterly dividend, which is scheduled to be paid out on March 10.
In addition, the company just recently made this announcement. On February 15 February 15, shareholders who were listed as having ownership on that date will be eligible to receive a dividend payment of ten cents per share. This represents an increase compared to the previous dividend payment of $0.09 made by Marathon Oil every quarter. This gives us a yield of 1.44% and a dividend payment of $0.40 each year because of this situation. Currently, the dividend payout ratio (DPR) for Marathon Oil is at 6.91%.
In other news about Marathon Oil, Chief Administrative Officer Rob L. White sold 2,000 of the company’s shares of stock on Friday, November 4. This transaction took place on November 4. Revenue was generated from the sale of a total of $64,620.00 worth of stock, which was transacted at an average price of $32.31 per share.
After the deal’s completion, the chief accounting officer has direct ownership of 41,377 shares of the company’s stock, which, when added up, are worth approximately $1,336,890.87. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
In addition, Vice President Michael A. Henderson sold 80,000 shares of the company’s stock on November 8 and November 8 of this year. There was a completion to this transaction.
Because of the stock sale, the total transaction volume amounted to $2,604,800.00, and the average selling price for each share was determined to be $32.56.
After the completion of the transaction, the vice president will now directly own 105,250 shares of the company’s stock. These shares have a value of approximately $3,426,940 each.
If you follow this link, you will be taken to the SEC filing, where the transaction was discussed in more detail.
In addition, on Friday, November 4, November 4, Chief Administrative Officer Rob L. White sold 2,000 of the company’s shares of stock. Revenue was generated from the sale of a total of $64,620.00 worth of stock, which was transacted at an average price of $32.31 per share.
Because of the sale, the chief accounting officer now owns 41,377 shares of the company they work for. When traded on the market, the current value of these shares is $1,336,890.87.
Disclosures that are related to the sale might be found in this section of the website.
Insiders of the company have sold 419,601 shares over the past three months, bringing in a total of $13,493,768.
Business insiders on the total number of shares of stock owned by the company to the extent of 0.52%.
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