Ontario Teachers Pension Plan Board purchased a new stake in shares of Marathon Oil Co. (NYSE:MRO) during the 1st quarter, HoldingsChannel reports. The firm purchased 10,520 shares of the oil and gas producer’s stock, valued at approximately $176,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Marathon Oil by 5,725.4% during the first quarter. Rockefeller Capital Management L.P. now owns 7,806 shares of the oil and gas producer’s stock worth $130,000 after purchasing an additional 7,672 shares in the last quarter. MML Investors Services LLC boosted its stake in Marathon Oil by 7.9% in the first quarter. MML Investors Services LLC now owns 24,878 shares of the oil and gas producer’s stock worth $416,000 after buying an additional 1,829 shares in the last quarter. Highstreet Asset Management Inc. boosted its stake in Marathon Oil by 143.4% in the first quarter. Highstreet Asset Management Inc. now owns 43,967 shares of the oil and gas producer’s stock worth $735,000 after buying an additional 25,907 shares in the last quarter. Bank of Hawaii purchased a new stake in Marathon Oil in the first quarter worth approximately $225,000. Finally, NumerixS Investment Technologies Inc boosted its stake in Marathon Oil by 137.5% in the first quarter. NumerixS Investment Technologies Inc now owns 33,014 shares of the oil and gas producer’s stock worth $556,000 after buying an additional 19,114 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Shares of NYSE:MRO traded down $0.31 during trading on Wednesday, reaching $13.10. 262,181 shares of the company traded hands, compared to its average volume of 11,811,132. The firm has a market cap of $10.89 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 2.01 and a beta of 2.29. Marathon Oil Co. has a 52-week low of $12.57 and a 52-week high of $24.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.24. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Research analysts predict that Marathon Oil Co. will post 0.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.53%. Marathon Oil’s dividend payout ratio is presently 28.17%.
Several analysts have issued reports on the company. Capital One Financial raised Marathon Oil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Morgan Stanley set a $19.00 target price on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, May 8th. ValuEngine lowered Marathon Oil from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada raised Marathon Oil from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $22.00 to $23.00 in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.20.
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Marathon Oil Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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