Paloma Partners Management Co raised its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 28.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 128,285 shares of the oil and gas producer’s stock after purchasing an additional 28,443 shares during the quarter. Paloma Partners Management Co’s holdings in Marathon Oil were worth $2,172,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System grew its holdings in shares of Marathon Oil by 0.8% during the fourth quarter. California State Teachers Retirement System now owns 1,506,305 shares of the oil and gas producer’s stock worth $25,502,000 after buying an additional 12,600 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth $606,000. Franklin Resources Inc. grew its holdings in shares of Marathon Oil by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 29,310,818 shares of the oil and gas producer’s stock worth $496,234,000 after buying an additional 162,885 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth $9,495,000. Finally, CoreCommodity Management LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth $1,068,000. 81.25% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $21.00 target price on shares of Marathon Oil in a report on Thursday, January 11th. UBS Group initiated coverage on shares of Marathon Oil in a report on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 price objective for the company. Wolfe Research lowered shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Stifel Nicolaus set a $18.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. Marathon Oil has a consensus rating of “Hold” and a consensus target price of $18.23.
Marathon Oil Co. (NYSE:MRO) opened at $14.82 on Wednesday. Marathon Oil Co. has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47.
Marathon Oil (NYSE:MRO) last issued its quarterly 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 business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. analysts forecast that Marathon Oil Co. will post 0.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders 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 1.35%. Marathon Oil’s dividend payout ratio is presently -2.97%.
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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