Rothschild Investment LLC Buys New Shares in Marathon Oil Co. (NYSE:MRO)

Rothschild Investment LLC purchased a new stake in shares of Marathon Oil Co. (NYSE:MRO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,769 shares of the oil and gas producer’s stock, valued at approximately $79,000.

A number of other hedge funds have also recently bought and sold shares of MRO. Park Avenue Securities LLC grew its stake in shares of Marathon Oil by 4.8% in the first quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 415 shares in the last quarter. Wahed Invest LLC grew its position in shares of Marathon Oil by 4.2% in the 4th quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock valued at $249,000 after acquiring an additional 419 shares during the period. Gradient Investments LLC increased its stake in shares of Marathon Oil by 1.9% during the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock worth $655,000 after purchasing an additional 428 shares during the last quarter. Trueblood Wealth Management LLC raised its holdings in shares of Marathon Oil by 4.8% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock valued at $271,000 after purchasing an additional 439 shares during the period. Finally, Argent Capital Management LLC lifted its stake in Marathon Oil by 0.5% in the 1st quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock valued at $2,482,000 after purchasing an additional 441 shares during the last quarter. 77.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MRO. StockNews.com started coverage on Marathon Oil in a research report on Wednesday. They set a “buy” rating on the stock. Mizuho boosted their target price on Marathon Oil from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Susquehanna cut their price target on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $33.00 price objective on shares of Marathon Oil in a report on Wednesday, July 17th. Finally, Scotiabank cut their target price on shares of Marathon Oil from $29.00 to $27.61 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.28.

Marathon Oil Stock Down 1.3 %

NYSE MRO opened at $27.35 on Thursday. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 11.30 and a beta of 2.19. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $28.09 and a 200-day moving average of $27.34.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Marathon Oil Co. will post 2.76 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.61%. Marathon Oil’s payout ratio is 18.18%.

Marathon Oil Company Profile

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.