Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 1.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 468,282 shares of the oil and gas producer’s stock after acquiring an additional 4,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Marathon Oil were worth $7,825,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Financial Advisors Inc. acquired a new position in Marathon Oil during the fourth quarter worth approximately $25,000. Executive Wealth Management LLC acquired a new position in Marathon Oil during the fourth quarter worth approximately $27,000. JNBA Financial Advisors acquired a new position in Marathon Oil during the fourth quarter worth approximately $29,000. Osborn Williams & Donohoe LLC acquired a new position in Marathon Oil during the first quarter worth approximately $34,000. Finally, We Are One Seven LLC acquired a new position in Marathon Oil during the fourth quarter worth approximately $42,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.
Marathon Oil stock opened at $15.46 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 1-year low of $12.57 and a 1-year high of $24.20. The company has a market capitalization of $12.29 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.63 and a beta of 2.23.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was down 30.9% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Oil Co. will post 0.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.
Several research firms have commented on MRO. Barclays cut their price target on Marathon Oil from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Royal Bank of Canada raised Marathon Oil from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, April 16th. MKM Partners set a $22.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, ValuEngine upgraded Marathon Oil from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.20.
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About Marathon Oil
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 and International. 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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