Ledyard National Bank Has $371000 Stake in Marathon Oil Co. (MRO)
(NYSE:MRO) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The stock is now trading -11.10% below its SMA 50 and -12.43% below its SMA 200.
Other large investors have also recently added to or reduced their stakes in the company.
Currently, the market capitalization of Marathon Oil Corporation (MRO) is 12 Billion. LLC raised its position in shares of Marathon Oil by 0.8% in the first quarter. Global X Management Co. Welch Group LLC bought a new position in shares of Marathon Oil during the third quarter valued at $7,352,000. LLC now owns 10,083 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 83 shares in the last quarter. Investors who are keeping close eye on the stock of Whole Foods Market, Inc.
The average EPS estimate of 10 Wall Street analysts is $-0.07 per share, compared to the company’s reported EPS of $-0.23 per share in the year-ago quarter.
Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Volume in the last session has decreased compared with the stock’s average trading volume. Marathon Oil Co. The company’s 50-day moving average price is $15.24 and its 200-day moving average price is $16.18. MRO is down around 13.46% from its 12-month high of $12.22 notched on 42509 but is -36.54% above its highest point the past 12 months of $19.28 a share. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Marathon Oil had a negative net margin of 32.98% and a negative return on equity of 4.91%. Marathon Petroleum Corp’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) earnings per share.
Shares outstanding are recorded as 858.89 M and total shares floated are 847.91 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. At the current stock price of $14.48, the dividend yield is 1.38%. The ex-dividend date is Monday, May 15th. Marathon Oil’s payout ratio is presently -9.26%.
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Several brokerages have issued reports on MPC. FBR & Co started coverage on shares of Marathon Oil in a research report on Friday, March 10th. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The institutional investor owned 386,190 shares of the oil and gas producer’s stock after selling 12,993 shares during the period. At the time of writing, Shares the company recently traded 66.16% away 52-week low and noted price movement -4.17% away from the 52-week high level. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price objective on shares of Marathon Oil in a research note on Thursday, April 13th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. In terms of the stock price in relation to its moving averages, company shares are -2.82% away from the 20-day moving average and -2.69% off of the 50-day average.