Sentinel Trust Co. LBA decreased its position in Marathon Oil Co. (NYSE:MRO) by 51.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 101,385 shares of the oil and gas producer’s stock after selling 108,874 shares during the period. Sentinel Trust Co. LBA’s holdings in Marathon Oil were worth $1,717,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRO. Cerebellum GP LLC acquired a new position in shares of Marathon Oil during the 4th quarter worth approximately $117,000. FTB Advisors Inc. grew its holdings in Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after buying an additional 2,687 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Marathon Oil by 114.3% in the 4th quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock valued at $175,000 after buying an additional 5,526 shares in the last quarter. First Hawaiian Bank acquired a new position in Marathon Oil in the 4th quarter valued at $178,000. Finally, Mackenzie Financial Corp acquired a new position in Marathon Oil in the 3rd quarter valued at $149,000. Hedge funds and other institutional investors own 81.23% of the company’s stock.
A number of research analysts have commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Marathon Oil in a report on Thursday, January 11th. Morgan Stanley upped their target price on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Credit Suisse Group started coverage on Marathon Oil in a research report on Monday, December 11th. They set an “outperform” rating and a $20.00 target price for the company. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, February 2nd. Finally, R. F. Lafferty reiterated a “buy” rating and set a $27.00 target price (up from $26.00) on shares of Marathon Oil in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.33.
Marathon Oil stock traded down $0.56 during trading hours on Friday, hitting $16.24. The stock had a trading volume of 12,888,998 shares, compared to its average volume of 11,687,665. 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 capitalization of $14,275.90, a PE ratio of -42.74, a P/E/G ratio of 3.29 and a beta of 2.30. Marathon Oil Co. has a one year low of $10.55 and a one year high of $19.52.
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, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. analysts predict that Marathon Oil Co. will post 0.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were paid a $0.05 dividend. 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 payout ratio is -52.63%.
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Marathon Oil Company 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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