2 weeks Ago By ABMN Staff
Long Focus Capital Management LLC reduced its stake in Marathon Oil Co. ( NYSE:MRO – Free Report ) by 85.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 50,000 shares of the oil and gas producer’s stock after selling 287,000 shares during the period. Long Focus Capital Management LLC’s holdings in Marathon Oil were worth $1,434,000 as of its most recent SEC filing. Several other institutional investors have also recently made changes to their positions in the stock.
The Manufacturers Life Insurance Company raised its stake in Marathon Oil by 27.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 490,383 shares of the oil and gas producer’s stock worth $14,059,000 after buying an additional 106,461 shares during the period.
MBB Public Markets I LLC acquired a new stake in Marathon Oil in the 2nd quarter valued at $1,264,000. Point72 Asia Singapore Pte. Ltd.
bought a new stake in Marathon Oil during the 2nd quarter valued at $1,323,000. Squarepoint Ops LLC lifted its stake in shares of Marathon Oil by 239.9% in the second quarter.
Squarepoint Ops LLC now owns 238,393 shares of the oil and gas producer’s stock valued at $6,835,000 after buying an additional 168,266 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Marathon Oil by 58.2% during the second quarter.
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 110,555 shares of the oil and gas producer’s stock valued at $3,170,000 after buying an additional 40,680 shares during the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.
Insiders Place Their Bets In other news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $27.
50, for a total transaction of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $2,750,000.
The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . In other news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated Friday, September 6th.
The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00.
Following the sale, the vice president now owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $27.
50, for a total transaction of $1,430,220.00. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $2,750,000.
The disclosure for this sale can be found here . Insiders own 0.35% of the company’s stock.
Analyst Upgrades and Downgrades Get Our Latest Analysis on MRO Marathon Oil Trading Down 3.3 % MRO stock opened at $25.87 on Friday.
Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.
06. The company has a market capitalization of $14.47 billion, a PE ratio of 10.
69 and a beta of 2.16. The company’s 50 day moving average price is $27.
57 and its two-hundred day moving average price is $27.64. The company has a debt-to-equity ratio of 0.
41, a quick ratio of 0.52 and a current ratio of 0.57.
Marathon Oil ( NYSE:MRO – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
69 by ($0.06). Marathon Oil had a net margin of 22.
12% and a return on equity of 13.81%. The business had revenue of $1.
71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company earned $0.
48 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis.
As a group, analysts predict that Marathon Oil Co. will post 2.57 earnings per share for the current fiscal year.
Marathon Oil Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.11 per share.
The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.44 annualized dividend and a yield of 1.
70%. Marathon Oil’s payout ratio is currently 18.18%.
About Marathon Oil ( Free Report ) Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol. Recommended Stories Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.
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