National Pension Service increased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 998,199 shares of the oil and gas producer’s stock after buying an additional 89,280 shares during the quarter. National Pension Service owned about 0.12% of Marathon Oil worth $16,900,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sentry Investment Management LLC grew its stake in Marathon Oil by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock worth $787,000 after buying an additional 702 shares during the last quarter. Nordea Investment Management AB grew its stake in Marathon Oil by 2.7% during the 2nd quarter. Nordea Investment Management AB now owns 45,027 shares of the oil and gas producer’s stock worth $534,000 after buying an additional 1,188 shares during the last quarter. First Allied Advisory Services Inc. grew its stake in Marathon Oil by 4.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 33,154 shares of the oil and gas producer’s stock worth $396,000 after buying an additional 1,434 shares during the last quarter. Glenview Trust Co boosted its position in Marathon Oil by 13.5% during the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after acquiring an additional 1,550 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in Marathon Oil by 3.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock worth $625,000 after acquiring an additional 1,686 shares during the period. Hedge funds and other institutional investors own 80.28% of the company’s stock.
Shares of Marathon Oil Co. (MRO) opened at $18.58 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $15,786.75, a price-to-earnings ratio of -2.23, a PEG ratio of 10.78 and a beta of 2.38. Marathon Oil Co. has a twelve month low of $10.55 and a twelve month high of $19.04.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. analysts forecast that Marathon Oil Co. will post -0.31 EPS for the current year.
A number of research analysts have issued reports on MRO shares. Scotiabank set a $19.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of Marathon Oil in a research report on Thursday, September 28th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, November 6th. Jefferies Group boosted their price target on Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Marathon Oil currently has an average rating of “Hold” and an average price target of $17.24.
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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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