Teachers Retirement System of The State of Kentucky cut its holdings in Marathon Oil Co. (NYSE:MRO) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,524 shares of the oil and gas producer’s stock after selling 6,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Marathon Oil were worth $1,968,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MRO. Boston Partners lifted its position in Marathon Oil by 474.2% in the 2nd quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock valued at $422,312,000 after acquiring an additional 16,719,492 shares in the last quarter. Standard Life Aberdeen plc lifted its position in Marathon Oil by 1,230.2% in the 2nd quarter. Standard Life Aberdeen plc now owns 4,995,164 shares of the oil and gas producer’s stock valued at $104,224,000 after acquiring an additional 4,619,642 shares in the last quarter. Renaissance Technologies LLC lifted its position in Marathon Oil by 771.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,720,646 shares of the oil and gas producer’s stock valued at $98,473,000 after acquiring an additional 4,178,700 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC bought a new position in Marathon Oil in the 2nd quarter valued at approximately $47,059,000. Finally, Janus Henderson Group PLC lifted its position in Marathon Oil by 200.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,549,863 shares of the oil and gas producer’s stock valued at $32,332,000 after acquiring an additional 1,034,006 shares in the last quarter. 84.03% of the stock is currently owned by institutional investors and hedge funds.
NYSE MRO opened at $15.65 on Monday. The firm has a market cap of $13.01 billion, a PE ratio of -41.18, a PEG ratio of 2.25 and a beta of 2.45. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46. Marathon Oil Co. has a 1-year low of $14.27 and a 1-year high of $24.20.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The company’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, analysts forecast that Marathon Oil Co. will post 0.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. Marathon Oil’s dividend payout ratio (DPR) is -52.63%.
Several equities analysts recently issued reports on the company. Seaport Global Securities reaffirmed a “buy” rating on shares of Marathon Oil in a research report on Friday, September 7th. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Morgan Stanley lowered their price objective on Marathon Oil from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. Barclays upped their price objective on Marathon Oil from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 15th. Finally, BMO Capital Markets set a $22.00 price target on Marathon Oil and gave the company a “buy” rating in a report on Monday, November 12th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.84.
In other news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the sale, the vice president now directly owns 394,569 shares in the company, valued at approximately $8,163,632.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.
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Marathon Oil Company 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 E&P and International E&P. 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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