Hilltop National Bank Buys 765 Shares of Marathon Oil Co. (NYSE:MRO)

Hilltop National Bank boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 89.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,620 shares of the oil and gas producer’s stock after purchasing an additional 765 shares during the quarter. Hilltop National Bank’s holdings in Marathon Oil were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRO. Vanguard Group Inc. boosted its position in Marathon Oil by 9.9% during the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after purchasing an additional 6,835,604 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marathon Oil by 24.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock valued at $468,428,000 after acquiring an additional 3,795,020 shares during the period. Victory Capital Management Inc. boosted its position in shares of Marathon Oil by 127.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer’s stock valued at $61,067,000 after acquiring an additional 1,415,639 shares during the period. Toronto Dominion Bank boosted its position in shares of Marathon Oil by 323.9% in the first quarter. Toronto Dominion Bank now owns 1,369,127 shares of the oil and gas producer’s stock valued at $38,801,000 after acquiring an additional 1,046,122 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Marathon Oil by 560.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,003,375 shares of the oil and gas producer’s stock valued at $28,436,000 after acquiring an additional 851,443 shares during the period. 77.24% of the stock is owned by institutional investors.

Marathon Oil Stock Up 1.0 %

NYSE:MRO traded up $0.26 during mid-day trading on Wednesday, hitting $26.86. 5,978,912 shares of the company’s stock were exchanged, compared to its average volume of 9,072,350. The business has a fifty day moving average price of $28.11 and a 200 day moving average price of $26.61. The company has a market cap of $15.15 billion, a PE ratio of 11.10 and a beta of 2.19. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48.

Marathon Oil Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.64%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRO. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 target price on shares of Marathon Oil in a research report on Wednesday, July 17th. Benchmark reaffirmed a “buy” rating and issued a $32.00 price target on shares of Marathon Oil in a research note on Friday, May 3rd. Susquehanna boosted their price target on Marathon Oil from $33.00 to $39.00 and gave the company a “positive” rating in a research note on Monday, July 22nd. StockNews.com assumed coverage on Marathon Oil in a research note on Saturday. They issued a “buy” rating for the company. Finally, 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. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.14.

Marathon Oil Company Profile

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.