Neuberger Berman Group LLC boosted its stake in Marathon Oil Co. (NYSE:MRO) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,980 shares of the oil and gas producer’s stock after acquiring an additional 4,062 shares during the period. Neuberger Berman Group LLC’s holdings in Marathon Oil were worth $722,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MRO. Vectors Research Management LLC bought a new position in shares of Marathon Oil during the 3rd quarter worth approximately $125,000. Centaurus Financial Inc. bought a new position in shares of Marathon Oil during the 2nd quarter worth approximately $133,000. Mount Yale Investment Advisors LLC bought a new position in shares of Marathon Oil during the 2nd quarter worth approximately $133,000. Harvest Fund Management Co. Ltd bought a new position in shares of Marathon Oil during the 3rd quarter worth approximately $134,000. Finally, Stelac Advisory Services LLC bought a new position in shares of Marathon Oil during the 3rd quarter worth approximately $138,000. Institutional investors and hedge funds own 81.03% of the company’s stock.
A number of equities analysts have issued reports on the company. BMO Capital Markets upgraded Marathon Oil from a “market perform” rating to an “outperform” rating in a report on Monday, October 15th. They noted that the move was a valuation call. Wolfe Research upgraded Marathon Oil from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 17th. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Oil in a report on Friday, September 28th. SunTrust Banks assumed coverage on Marathon Oil in a report on Monday, December 17th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Raymond James restated a “buy” rating and set a $24.00 price target on shares of Marathon Oil in a report on Monday, December 24th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.19.
Shares of NYSE:MRO opened at $16.11 on Friday. 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 twelve month low of $12.57 and a twelve month high of $24.20. The company has a market cap of $13.36 billion, a PE ratio of -42.39, a PEG ratio of 0.45 and a beta of 2.27.
Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. Marathon Oil’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. Equities analysts predict that Marathon Oil Co. will post 0.76 EPS for the current fiscal year.
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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