Macquarie Group Ltd. lessened its holdings in Marathon Oil Co. (NYSE:MRO) by 18.4% in the 4th quarter, HoldingsChannel reports. The firm owned 44,482,705 shares of the oil and gas producer’s stock after selling 10,042,786 shares during the quarter. Marathon Oil comprises about 1.3% of Macquarie Group Ltd.’s holdings, making the stock its 5th biggest position. Macquarie Group Ltd. owned about 0.05% of Marathon Oil worth $761,768,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MRO. Millennium Management LLC increased its stake in Marathon Oil by 82.1% during the 4th quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock worth $314,838,000 after buying an additional 8,385,155 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Marathon Oil during the 3rd quarter worth approximately $81,114,000. Hotchkis & Wiley Capital Management LLC increased its stake in Marathon Oil by 10.1% during 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 in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Marathon Oil during the 4th quarter worth approximately $63,616,000. Finally, AXA increased its stake in Marathon Oil by 735.2% during 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 in the last quarter. Hedge funds and other institutional investors own 81.25% of the company’s stock.
Marathon Oil Co. (NYSE:MRO) opened at $14.97 on Thursday. Marathon Oil Co. has a twelve month low of $10.55 and a twelve month high of $19.52. The company has a market capitalization of $12,593.38, a P/E ratio of -2.21, a P/E/G ratio of 3.05 and a beta of 2.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.24.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm posted ($0.10) earnings per share. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. equities analysts anticipate that Marathon Oil Co. will post 0.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is -2.97%.
Several research firms have commented on MRO. Jefferies Group reiterated a “hold” rating and set a $19.80 price objective on shares of Marathon Oil in a research note on Friday, January 19th. Barclays boosted their price objective on Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. JPMorgan Chase & Co. set a $20.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, January 17th. UBS Group started coverage on Marathon Oil in a research note on Wednesday, March 7th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, Atlantic Securities upgraded Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.23.
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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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