Tributary Capital Management LLC Has $718,000 Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Tributary Capital Management LLC decreased its position in shares of Marathon Oil Co. (NYSE:MRO) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 25,348 shares of the oil and gas producer’s stock after selling 2,320 shares during the period. Tributary Capital Management LLC’s holdings in Marathon Oil were worth $718,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MRO. Riverview Trust Co bought a new position in Marathon Oil in the 1st quarter valued at approximately $27,000. Fortis Group Advisors LLC raised its stake in shares of 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 valued at $30,000 after acquiring an additional 618 shares during the last quarter. Manchester Capital Management LLC bought a new position in shares of Marathon Oil during the fourth quarter valued at $31,000. Scarborough Advisors LLC bought a new position in shares of Marathon Oil during the fourth quarter valued at $35,000. Finally, Anchor Investment Management LLC bought a new position in shares of Marathon Oil during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 77.24% of the company’s stock.

Marathon Oil Stock Up 0.8 %

MRO stock traded up $0.22 during trading on Tuesday, reaching $28.93. The stock had a trading volume of 278,490 shares, compared to its average volume of 9,702,424. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $27.35 and its two-hundred day moving average is $25.84. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 11.86 and a beta of 2.19.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts forecast that Marathon Oil Co. will post 2.86 EPS for the current year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, May 14th. Marathon Oil’s payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Susquehanna reaffirmed a “positive” rating and set a $33.00 price target on shares of Marathon Oil in a research note on Monday, April 22nd. Morgan Stanley lifted their target price on shares of Marathon Oil from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Stifel Nicolaus lowered their target price on shares of Marathon Oil from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Capital One Financial downgraded shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.86.

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.