Natixis Advisors L.P. cut its position in Marathon Oil Co. (NYSE:MRO) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 437,614 shares of the oil and gas producer’s stock after selling 37,723 shares during the quarter. Natixis Advisors L.P. owned about 0.05% of Marathon Oil worth $6,275,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MRO. Bridgeway Capital Management Inc. bought a new stake in Marathon Oil in the 3rd quarter valued at $66,744,000. Janus Henderson Group PLC lifted its position in shares of Marathon Oil by 182.2% during the 3rd quarter. Janus Henderson Group PLC now owns 4,373,712 shares of the oil and gas producer’s stock valued at $101,822,000 after acquiring an additional 2,823,849 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Marathon Oil by 50.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 8,272,613 shares of the oil and gas producer’s stock valued at $192,586,000 after acquiring an additional 2,759,888 shares during the period. Caymus Capital Partners L.P. bought a new stake in shares of Marathon Oil during the 3rd quarter valued at $60,754,000. Finally, Senator Investment Group LP bought a new stake in shares of Marathon Oil during the 3rd quarter valued at $46,560,000. Institutional investors and hedge funds own 79.75% of the company’s stock.
MRO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marathon Oil in a research report on Tuesday, March 5th. Morgan Stanley cut their target price on Marathon Oil from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. Raymond James reiterated a “buy” rating and set a $24.00 target price on shares of Marathon Oil in a research report on Monday, December 24th. MKM Partners began coverage on Marathon Oil in a research report on Wednesday, December 5th. They set a “buy” rating and a $26.00 target price for the company. Finally, Barclays upped their price objective on Marathon Oil from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.91.
Shares of MRO opened at $17.26 on Friday. Marathon Oil Co. has a 12-month low of $12.57 and a 12-month high of $24.20. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 4.31 and a beta of 2.26.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, research analysts forecast that Marathon Oil Co. will post 0.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th were paid a $0.05 dividend. The ex-dividend date was Tuesday, February 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. Marathon Oil’s payout ratio is 28.17%.
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About Marathon Oil
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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