Fox Run Management L.L.C. purchased a new stake in shares of Marathon Oil Co. (NYSE:MRO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 71,775 shares of the oil and gas producer’s stock, valued at approximately $1,215,000.
Several other institutional investors and hedge funds also recently made changes to their positions in MRO. American Century Companies Inc. increased its position in shares of Marathon Oil by 28.3% during the second quarter. American Century Companies Inc. now owns 25,138 shares of the oil and gas producer’s stock valued at $298,000 after buying an additional 5,542 shares during the period. Wells Fargo & Company MN increased its position in shares of Marathon Oil by 27.3% during the second quarter. Wells Fargo & Company MN now owns 2,365,437 shares of the oil and gas producer’s stock valued at $28,030,000 after buying an additional 506,995 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Marathon Oil by 21.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 2,486 shares during the period. Riverhead Capital Management LLC increased its position in shares of Marathon Oil by 20.5% during the second quarter. Riverhead Capital Management LLC now owns 27,269 shares of the oil and gas producer’s stock valued at $323,000 after buying an additional 4,634 shares during the period. Finally, Norinchukin Bank The increased its position in shares of Marathon Oil by 7.1% in the second quarter. Norinchukin Bank The now owns 58,985 shares of the oil and gas producer’s stock worth $699,000 after purchasing an additional 3,933 shares during the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $20.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $21.00 price objective on shares of Marathon Oil in a research report on Thursday, January 11th. Jefferies Group restated a “hold” rating and issued a $12.00 price objective on shares of Marathon Oil in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Marathon Oil in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Marathon Oil currently has an average rating of “Hold” and an average target price of $17.08.
Shares of Marathon Oil Co. (MRO) traded down $0.05 on Thursday, reaching $18.79. The company’s stock had a trading volume of 6,698,574 shares, compared to its average volume of 11,737,918. The stock has a market capitalization of $15,990.00, a price-to-earnings ratio of -7.34, a P/E/G ratio of 31.74 and a beta of 2.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $19.04.
Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping 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%. Marathon Oil’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. equities research analysts anticipate that Marathon Oil Co. will post -0.31 EPS for the current year.
WARNING: This piece of content was originally published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://transcriptdaily.com/2018/01/18/fox-run-management-l-l-c-invests-1-22-million-in-marathon-oil-co-mro.html.
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.
Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Co. (NYSE:MRO).
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.