Fox Run Management L.L.C. Invests $1.22 Million in Marathon Oil Co. (MRO)

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.

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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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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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