Creekmur Asset Management LLC Sells 1,015 Shares of Marathon Oil Co. (NYSE:MRO)

Creekmur Asset Management LLC decreased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 41.0% in the 1st quarter, Holdings Channel reports. The fund owned 1,460 shares of the oil and gas producer’s stock after selling 1,015 shares during the quarter. Creekmur Asset Management LLC’s holdings in Marathon Oil were worth $41,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MRO. Riverview Trust Co bought a new stake in shares of Marathon Oil during the first quarter worth $27,000. Benjamin Edwards Inc. lifted its stake in shares of Marathon Oil by 226.0% during the 1st quarter. Benjamin Edwards Inc. now owns 978 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 678 shares during the last quarter. Fortis Group Advisors LLC increased its position in Marathon Oil by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 618 shares during the period. Manchester Capital Management LLC bought a new position in Marathon Oil during the fourth quarter worth about $31,000. Finally, Scarborough Advisors LLC bought a new position in Marathon Oil during the fourth quarter worth about $35,000. Institutional investors own 77.24% of the company’s stock.

Analysts Set New Price Targets

MRO has been the topic of a number of recent research reports. Capital One Financial lowered shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $29.00 price target (down from $38.00) on shares of Marathon Oil in a research report on Friday, May 31st. Mizuho raised their target price on shares of Marathon Oil from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Scotiabank lowered shares of Marathon Oil from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $45.00 to $29.00 in a report on Friday, July 12th. Finally, Benchmark reissued a “buy” rating and issued a $32.00 target price on shares of Marathon Oil in a report on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Oil presently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

Marathon Oil Trading Down 1.4 %

Shares of NYSE MRO traded down $0.40 during midday trading on Thursday, reaching $27.65. The stock had a trading volume of 1,574,794 shares, compared to its average volume of 9,105,817. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 11.59 and a beta of 2.19. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.55. The company’s 50 day moving average price is $28.04 and its 200 day moving average price is $26.46.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. Marathon Oil’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, sell-side analysts expect that Marathon Oil Co. will post 2.79 EPS for the current year.

Marathon Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. Marathon Oil’s dividend payout ratio is currently 18.18%.

About Marathon Oil

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.