Marathon Oil Co. (NYSE:MRO) Stock Holdings Increased by Providence Capital Advisors LLC

Providence Capital Advisors LLC grew its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 55.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,498 shares of the oil and gas producer’s stock after acquiring an additional 3,378 shares during the quarter. Providence Capital Advisors LLC’s holdings in Marathon Oil were worth $135,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MRO. NuWave Investment Management LLC raised its stake in shares of Marathon Oil by 268.8% during the second quarter. NuWave Investment Management LLC now owns 1,763 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 1,285 shares in the last quarter. Rational Advisors LLC lifted its holdings in Marathon Oil by 268.8% in the second quarter. Rational Advisors LLC now owns 1,763 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 1,285 shares during the period. Semmax Financial Advisors Inc. lifted its holdings in Marathon Oil by 181.1% in the first quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 1,195 shares during the period. Meridian Wealth Management LLC bought a new position in Marathon Oil in the 1st quarter valued at about $33,000. Finally, Liberty Wealth Management LLC bought a new position in Marathon Oil in the 2nd quarter valued at about $33,000. 82.92% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. TheStreet downgraded shares of Marathon Oil from a “b-” rating to a “c+” rating in a research report on Wednesday, July 10th. Capital One Financial upgraded shares of Marathon Oil from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. ValuEngine upgraded shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Atlantic Securities cut Marathon Oil from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $20.50 to $15.00 in a report on Thursday, June 13th. Finally, Seaport Global Securities restated a “buy” rating on shares of Marathon Oil in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Marathon Oil has an average rating of “Buy” and a consensus target price of $22.06.

MRO stock traded up $0.18 during trading on Wednesday, hitting $13.01. 11,618,971 shares of the stock traded hands, compared to its average volume of 10,032,402. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 2.34 and a beta of 2.27. Marathon Oil Co. has a one year low of $11.39 and a one year high of $24.20. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. The company has a 50 day simple moving average of $12.65 and a 200 day simple moving average of $14.83.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Marathon Oil had a net margin of 16.15% and a return on equity of 6.32%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, analysts predict that Marathon Oil Co. will post 0.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Tuesday, August 20th. Marathon Oil’s payout ratio is currently 28.17%.

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

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