Commerzbank Aktiengesellschaft FI Purchases 66,329 Shares of Marathon Oil Co. (MRO)
Commerzbank Aktiengesellschaft FI grew its position in shares of Marathon Oil Co. (NYSE:MRO) by 135.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,407 shares of the oil and gas producer’s stock after purchasing an additional 66,329 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Marathon Oil were worth $1,565,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Dupont Capital Management Corp purchased a new stake in Marathon Oil in the 2nd quarter worth $122,000. Zweig DiMenna Associates LLC purchased a new stake in shares of Marathon Oil during the second quarter worth $150,000. Intact Investment Management Inc. purchased a new stake in shares of Marathon Oil during the third quarter worth $173,000. Glenview Trust Co grew its holdings in shares of Marathon Oil by 13.5% during the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 1,550 shares in the last quarter. Finally, Donald L. Hagan LLC purchased a new stake in shares of Marathon Oil during the third quarter worth $179,000. 80.65% of the stock is owned by hedge funds and other institutional investors.
Marathon Oil Co. (NYSE MRO) traded down $0.43 during mid-day trading on Thursday, hitting $14.45. The stock had a trading volume of 10,756,600 shares, compared to its average volume of 13,420,865. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $19.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned ($0.23) earnings per share. The company’s revenue was up 26.5% compared to the same quarter last year. sell-side analysts predict that Marathon Oil Co. will post -0.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, November 14th. Marathon Oil’s dividend payout ratio is presently -2.40%.
A number of equities research analysts have recently issued reports on MRO shares. Morgan Stanley set a $15.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, October 18th. Jefferies Group boosted their price target on shares of Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, November 3rd. BMO Capital Markets set a $17.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, October 10th. Scotiabank set a $19.00 target price on shares of Marathon Oil and gave the company a “buy” rating in a research report on Wednesday, October 4th. Finally, Societe Generale raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.90.
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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.
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