Tower Research Capital LLC TRC Has $865,000 Holdings in Marathon Oil Co. (NYSE:MRO)

Tower Research Capital LLC TRC boosted its holdings in Marathon Oil Co. (NYSE:MROFree Report) by 109.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,337 shares of the oil and gas producer’s stock after acquiring an additional 16,928 shares during the period. Tower Research Capital LLC TRC’s holdings in Marathon Oil were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. ICA Group Wealth Management LLC raised its holdings in shares of Marathon Oil by 92.6% during the 1st quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 522 shares in the last quarter. Smithfield Trust Co grew its stake in Marathon Oil by 367.9% in the third quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 802 shares in the last quarter. NBC Securities Inc. purchased a new position in Marathon Oil in the 3rd quarter worth $27,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Marathon Oil during the 3rd quarter valued at about $29,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Marathon Oil during the 1st quarter valued at approximately $31,000. Institutional investors own 76.62% of the company’s stock.

Analyst Upgrades and Downgrades

MRO has been the subject of a number of research reports. Raymond James reduced their price target on shares of Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Piper Sandler cut their price target on shares of Marathon Oil from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Stifel Nicolaus lowered their price objective on Marathon Oil from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, November 20th. Benchmark cut their price objective on shares of Marathon Oil from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, January 12th. Finally, UBS Group reissued a “neutral” rating and set a $28.00 price objective (down previously from $34.00) on shares of Marathon Oil in a report on Thursday, December 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Marathon Oil presently has an average rating of “Moderate Buy” and a consensus target price of $31.16.

Get Our Latest Report on MRO

Marathon Oil Stock Performance

NYSE:MRO opened at $24.26 on Tuesday. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 9.48 and a beta of 2.21. The firm’s 50-day moving average is $23.36 and its 200-day moving average is $25.11. Marathon Oil Co. has a 52-week low of $20.57 and a 52-week high of $29.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.35 and a current ratio of 0.40.

Marathon Oil (NYSE:MROGet Free Report) last posted its earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Marathon Oil had a net margin of 23.20% and a return on equity of 14.09%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. Equities research analysts anticipate that Marathon Oil Co. will post 2.57 earnings per share for the current year.

Marathon Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is presently 17.19%.

Marathon Oil Profile

(Free Report)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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.

See Also

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

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