Dohj LLC Acquires Shares of 19,243 Marathon Oil Co. (NYSE:MRO)

Dohj LLC acquired a new stake in Marathon Oil Co. (NYSE:MRO) during the second quarter, HoldingsChannel reports. The fund acquired 19,243 shares of the oil and gas producer’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Center for Financial Planning Inc. acquired a new position in Marathon Oil in the 1st quarter valued at $25,000. Bedel Financial Consulting Inc. grew its holdings in Marathon Oil by 115.2% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 2,989 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 1,600 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in Marathon Oil in the 1st quarter valued at $34,000. Sara Bay Financial acquired a new position in Marathon Oil in the 2nd quarter valued at $211,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Marathon Oil during the 1st quarter valued at $38,000. 70.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MRO stock traded up $0.66 on Wednesday, hitting $12.39. 586,244 shares of the company’s stock were exchanged, compared to its average volume of 21,680,891. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.27. The stock has a market cap of $9.77 billion, a P/E ratio of -18.03, a price-to-earnings-growth ratio of 0.31 and a beta of 3.28. Marathon Oil Co. has a 12 month low of $3.73 and a 12 month high of $14.33. The company has a 50 day moving average of $11.79 and a 200 day moving average of $11.92.

Marathon Oil (NYSE:MRO) last posted its earnings results on Tuesday, August 3rd. The oil and gas producer reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. Marathon Oil had a positive return on equity of 0.21% and a negative net margin of 14.27%. The business’s quarterly revenue was up 320.2% on a year-over-year basis. During the same period last year, the company earned ($0.60) earnings per share. Sell-side analysts predict that Marathon Oil Co. will post 1.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Wednesday, August 18th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 17th. This is an increase from Marathon Oil’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.61%. Marathon Oil’s dividend payout ratio (DPR) is currently -17.24%.

A number of analysts have recently weighed in on the company. Morgan Stanley upgraded Marathon Oil from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $12.00 to $15.00 in a research report on Friday, June 18th. Scotiabank upgraded Marathon Oil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $15.00 to $18.00 in a research report on Friday, August 6th. Zacks Investment Research downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research report on Monday, August 23rd. Citigroup upped their target price on Marathon Oil from $12.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 13th. Finally, Truist Securities upped their target price on Marathon Oil from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, July 1st. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $15.27.

About Marathon Oil

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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