UBS Asset Management Americas Inc. lowered its position in Marathon Oil Co. (NYSE:MRO) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,341,381 shares of the oil and gas producer’s stock after selling 193,814 shares during the period. UBS Asset Management Americas Inc.’s holdings in Marathon Oil were worth $73,500,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of MRO. Alyeska Investment Group L.P. bought a new position in Marathon Oil in the 3rd quarter worth $81,114,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Marathon Oil by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after buying an additional 3,767,268 shares during the period. AXA boosted its holdings in Marathon Oil by 735.2% in the 3rd quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock worth $37,231,000 after buying an additional 2,416,889 shares during the period. Janus Henderson Group PLC boosted its holdings in Marathon Oil by 759.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,416,384 shares of the oil and gas producer’s stock worth $19,199,000 after buying an additional 1,251,525 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Marathon Oil by 236.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,472,329 shares of the oil and gas producer’s stock worth $19,965,000 after buying an additional 1,034,170 shares during the period. 78.99% of the stock is owned by institutional investors.
Shares of Marathon Oil Co. (MRO) opened at $15.22 on Friday. The company has a market cap of $12,999.85, a price-to-earnings ratio of -2.26, a price-to-earnings-growth ratio of 3.00 and a beta of 2.35. Marathon Oil Co. has a one year low of $10.55 and a one year high of $19.52. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.21%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. equities analysts forecast that Marathon Oil Co. will post 0.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is -2.97%.
Several research analysts recently weighed in on the stock. R. F. Lafferty reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $26.00) on shares of Marathon Oil in a report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $21.00 target price on shares of Marathon Oil in a report on Thursday, January 11th. Wolfe Research downgraded shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus set a $18.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Marathon Oil currently has a consensus rating of “Hold” and an average target price of $18.32.
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Marathon Oil Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America 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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