Marathon Oil Co. (NYSE:MRO) CEO Lee M. Tillman bought 56,600 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $3.58 per share, with a total value of $202,628.00. Following the purchase, the chief executive officer now directly owns 1,108,630 shares of the company’s stock, valued at $3,968,895.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE MRO traded up $0.32 during mid-day trading on Thursday, hitting $3.90. The company had a trading volume of 773,159 shares, compared to its average volume of 44,040,672. The company has a market capitalization of $2.87 billion, a PE ratio of 6.61 and a beta of 2.47. The business’s 50-day simple moving average is $7.90 and its 200 day simple moving average is $11.29. Marathon Oil Co. has a 1-year low of $3.20 and a 1-year high of $18.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.22 and a quick ratio of 1.18.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, February 12th. The oil and gas producer reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Marathon Oil had a return on equity of 5.02% and a net margin of 9.25%. Marathon Oil’s revenue for the quarter was down 31.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. On average, analysts expect that Marathon Oil Co. will post -0.39 EPS for the current year.
Several institutional investors have recently made changes to their positions in MRO. Ilmarinen Mutual Pension Insurance Co acquired a new stake in Marathon Oil in the third quarter valued at approximately $1,066,000. Virtu Financial LLC lifted its stake in Marathon Oil by 60.2% in the third quarter. Virtu Financial LLC now owns 48,124 shares of the oil and gas producer’s stock worth $590,000 after acquiring an additional 18,082 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Marathon Oil by 6.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 888,506 shares of the oil and gas producer’s stock worth $10,902,000 after acquiring an additional 50,644 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Marathon Oil by 1.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 406,120 shares of the oil and gas producer’s stock worth $4,983,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Marathon Oil in the 3rd quarter valued at approximately $204,000. 84.32% of the stock is owned by institutional investors and hedge funds.
MRO has been the topic of several recent research reports. Williams Capital started coverage on shares of Marathon Oil in a research note on Friday, December 20th. They set a “hold” rating on the stock. Siebert Williams Shank reiterated a “hold” rating and set a $10.00 price target on shares of Marathon Oil in a report on Wednesday, March 11th. Bank of America lowered shares of Marathon Oil from a “neutral” rating to an “underperform” rating in a report on Monday, March 9th. Cfra cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. downgraded shares of Marathon Oil from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Hold” and a consensus target price of $12.94.
About Marathon Oil
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 and International. 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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