Macquarie Group Ltd. reduced its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,482,705 shares of the oil and gas producer’s stock after selling 10,042,786 shares during the period. Marathon Oil accounts for approximately 1.3% of Macquarie Group Ltd.’s investment portfolio, making the stock its 5th biggest holding. Macquarie Group Ltd. owned approximately 5.24% of Marathon Oil worth $761,768,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC grew its holdings 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 acquiring an additional 3,767,268 shares during the period. Franklin Resources Inc. boosted its position in shares of Marathon Oil by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 29,310,818 shares of the oil and gas producer’s stock worth $496,234,000 after purchasing an additional 162,885 shares in the last quarter. Millennium Management LLC boosted its position in shares of 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 purchasing an additional 8,385,155 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marathon Oil by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 10,149,471 shares of the oil and gas producer’s stock worth $171,516,000 after purchasing an additional 703,502 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Marathon Oil by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock worth $108,279,000 after purchasing an additional 159,144 shares in the last quarter. Hedge funds and other institutional investors own 81.23% of the company’s stock.
Marathon Oil stock opened at $16.24 on Friday. Marathon Oil Co. has a 52 week low of $10.55 and a 52 week high of $19.52. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $13,502.62, a price-to-earnings ratio of -42.74, a PEG ratio of 3.11 and a beta of 2.30.
Marathon Oil (NYSE:MRO) last posted 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 2.24%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. sell-side analysts expect that Marathon Oil Co. will post 0.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. Marathon Oil’s dividend payout ratio is currently -52.63%.
A number of research firms have recently issued reports on MRO. Morgan Stanley increased their price objective on shares of Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday, January 15th. Jefferies Group reissued a “hold” rating and set a $19.80 price objective on shares of Marathon Oil in a research report on Friday, January 19th. Stifel Nicolaus set a $18.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets reissued a “hold” rating and set a $21.00 price objective on shares of Marathon Oil in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.33.
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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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