KBC Group NV lessened its position in Marathon Oil Co. (NYSE:MRO) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,170 shares of the oil and gas producer’s stock after selling 19,112 shares during the period. KBC Group NV’s holdings in Marathon Oil were worth $1,323,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in Marathon Oil in the fourth quarter valued at approximately $117,000. FTB Advisors Inc. increased its stake in Marathon Oil by 49.8% in the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 2,687 shares in the last quarter. First Hawaiian Bank bought a new stake in Marathon Oil in the fourth quarter valued at approximately $178,000. Mackenzie Financial Corp bought a new stake in Marathon Oil in the third quarter valued at approximately $149,000. Finally, Valeo Financial Advisors LLC bought a new stake in Marathon Oil in the third quarter valued at approximately $159,000. 78.99% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on MRO shares. Jefferies Group upped their price target on shares of Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a report on Friday, November 3rd. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, January 4th. Societe Generale upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. set a $20.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.32.
Marathon Oil Co. (MRO) opened at $15.54 on Friday. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $19.52. The company has a market cap of $13,200.00, a price-to-earnings ratio of -15.86, a P/E/G ratio of 3.00 and a beta of 2.34. The company has a current ratio of 2.09, a quick ratio of 2.02 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.21%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. analysts forecast that Marathon Oil Co. will post 0.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s payout ratio is -20.41%.
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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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