Today, Point View Wealth Management Inc. Sold shares of Marathon Oil Corp. (MRO)

Today, Point View Wealth Management Inc. Sold shares of Marathon Oil Corp. (MRO)
Point View Wealth Management Inc. reduced its position in shares of Marathon Oil Corp. (NYSE:MRO) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,563 shares of the company’s stock after selling 188 shares during the period. Point View Wealth Management Inc.’s holdings in Marathon Oil Corp. were worth $293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Marathon Oil Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 77,741,849 shares of the company’s stock worth $1,166,906,000 after buying an additional 3,643,905 shares during the last quarter. State Street Corp boosted its position in Marathon Oil Corp. by 0.4% in the second quarter. State Street Corp now owns 43,704,229 shares of the company’s stock worth $656,014,000 after buying an additional 159,499 shares during the last quarter. BlackRock Advisors LLC boosted its position in Marathon Oil Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 29,510,152 shares of the company’s stock worth $442,948,000 after buying an additional 577,684 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Marathon Oil Corp. by 1.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 25,194,825 shares of the company’s stock worth $378,174,000 after buying an additional 435,786 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Marathon Oil Corp. by 0.5% in the second quarter. Macquarie Group Ltd. now owns 21,983,380 shares of the company’s stock worth $329,971,000 after buying an additional 110,766 shares during the last quarter. Institutional investors own 83.91% of the company’s stock.

Shares of Marathon Oil Corp. (NYSE:MRO) traded down 2.98% during trading on Friday, hitting $16.28. The stock had a trading volume of 7,907,586 shares. The firm’s market cap is $13.79 billion. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $18.00. The firm has a 50 day moving average price of $14.82 and a 200 day moving average price of $14.48.

Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.09. Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. The firm earned $1.23 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted ($0.20) EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities analysts expect that Marathon Oil Corp. will post ($0.91) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. Marathon Oil Corp.’s dividend payout ratio (DPR) is -9.26%.

A number of research analysts have issued reports on the company. Credit Suisse Group AG cut Marathon Oil Corp. from an “outperform” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Monday, September 12th. Bank of America Corp. set a $21.00 price objective on Marathon Oil Corp. and gave the company a “buy” rating in a research note on Thursday, September 8th. Seaport Global Securities cut Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Tuesday, August 30th. Vetr cut Marathon Oil Corp. from a “strong-buy” rating to a “buy” rating and set a $16.50 price objective for the company. in a research note on Tuesday, November 15th. Finally, Societe Generale cut Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Marathon Oil Corp. has an average rating of “Hold” and an average target price of $17.13.

About Marathon Oil Corp.

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

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