WINTON GROUP Ltd lowered its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 82.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,894 shares of the oil and gas producer’s stock after selling 60,725 shares during the period. WINTON GROUP Ltd’s holdings in Marathon Oil were worth $218,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Marathon Oil in the fourth quarter worth approximately $117,000. FTB Advisors Inc. raised its holdings in shares of Marathon Oil by 49.8% during 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 during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Marathon Oil during the third quarter valued at approximately $149,000. Valeo Financial Advisors LLC purchased a new stake in Marathon Oil during the third quarter valued at approximately $159,000. Finally, Pinebridge Investments L.P. increased its holdings in Marathon Oil by 114.3% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 81.23% of the company’s stock.
MRO has been the subject of a number of research reports. Bank of America raised shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, January 4th. 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 note 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 for the company in a research note on Monday, January 15th. JPMorgan Chase raised shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Friday, December 15th. Finally, Seaport Global Securities raised shares of Marathon Oil from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.33.
Shares of Marathon Oil stock traded down $0.56 during trading 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 firm has a market capitalization of $14,275.90, a PE ratio of -42.74, a price-to-earnings-growth ratio of 3.29 and a beta of 2.30. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. Marathon Oil Co. has a 12 month low of $10.55 and a 12 month high of $19.52.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. sell-side analysts predict 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. Stockholders of record on Wednesday, February 21st were issued a $0.05 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.
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About Marathon Oil
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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