Guggenheim Capital LLC reduced its position in shares of Marathon Oil Co. (NYSE:MRO) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,527,845 shares of the oil and gas producer’s stock after selling 904,401 shares during the period. Guggenheim Capital LLC owned about 0.42% of Marathon Oil worth $59,728,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in MRO. Nationwide Fund Advisors grew its holdings in shares of Marathon Oil by 7.9% during the third quarter. Nationwide Fund Advisors now owns 1,241,179 shares of the oil and gas producer’s stock worth $16,830,000 after purchasing an additional 90,989 shares during the last quarter. First Trust Advisors LP boosted its holdings in Marathon Oil by 15.4% in the third quarter. First Trust Advisors LP now owns 399,372 shares of the oil and gas producer’s stock valued at $5,415,000 after acquiring an additional 53,405 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in Marathon Oil by 17.0% in the third quarter. State of Wisconsin Investment Board now owns 788,262 shares of the oil and gas producer’s stock valued at $10,689,000 after acquiring an additional 114,602 shares during the last quarter. Swiss National Bank boosted its holdings in Marathon Oil by 1.4% in the third quarter. Swiss National Bank now owns 3,129,397 shares of the oil and gas producer’s stock valued at $42,435,000 after acquiring an additional 42,800 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Marathon Oil by 25.7% in the third quarter. Sei Investments Co. now owns 1,017,367 shares of the oil and gas producer’s stock valued at $13,796,000 after acquiring an additional 208,057 shares during the last quarter. Institutional investors own 81.25% of the company’s stock.
Several brokerages recently commented on MRO. BMO Capital Markets reiterated a “hold” rating and issued a $21.00 target price on shares of Marathon Oil in a report on Thursday, January 11th. UBS Group began coverage on Marathon Oil in a report on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 target price on the stock. Wolfe Research cut Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Stifel Nicolaus set a $18.00 target price on Marathon Oil and gave the company a “hold” rating in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.23.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) EPS. analysts predict that Marathon Oil Co. will post 0.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s payout ratio is -2.97%.
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Marathon Oil Company Profile
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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