Oakmont Investment Advisors Inc. Acquires New Position in Marex Group plc Ordinary Shares $MRX

Oakmont Investment Advisors Inc. bought a new position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,160 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MRX. Vestor Capital LLC purchased a new stake in Marex Group plc Ordinary Shares in the 1st quarter worth approximately $45,000. Fifth Third Bancorp lifted its stake in shares of Marex Group plc Ordinary Shares by 89.5% during the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after purchasing an additional 571 shares during the period. Abel Hall LLC acquired a new stake in shares of Marex Group plc Ordinary Shares during the first quarter worth $214,000. Pale Fire Capital SE acquired a new stake in shares of Marex Group plc Ordinary Shares during the first quarter worth $239,000. Finally, Regal Partners Ltd purchased a new stake in shares of Marex Group plc Ordinary Shares in the first quarter valued at $342,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Marex Group plc Ordinary Shares in a research note on Monday, August 24th. Zacks Research raised Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of Marex Group plc Ordinary Shares in a report on Friday, August 14th. Piper Sandler upped their price objective on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Compass Point set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Marex Group plc Ordinary Shares presently has an average rating of “Buy” and a consensus target price of $82.00.

Marex Group plc Ordinary Shares Price Performance

NASDAQ MRX opened at $78.27 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.53. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $78.38. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 14.05 and a beta of -0.08. The company has a 50-day moving average price of $66.94.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.28. Marex Group plc Ordinary Shares had a net margin of 17.43% and a return on equity of 27.94%. The firm had revenue of $695.80 million for the quarter. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 39.1% on a year-over-year basis. On average, equities research analysts expect that Marex Group plc Ordinary Shares will post 5.84 EPS for the current fiscal year.

Marex Group plc Ordinary Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, August 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.8%. Marex Group plc Ordinary Shares’s payout ratio is presently 11.49%.

About Marex Group plc Ordinary Shares

Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group’s operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services.