Paloma Partners Management Co boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 28.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,285 shares of the oil and gas producer’s stock after purchasing an additional 28,443 shares during the period. Paloma Partners Management Co’s holdings in Marathon Oil were worth $2,172,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in Marathon Oil by 0.8% during the 4th quarter. California State Teachers Retirement System now owns 1,506,305 shares of the oil and gas producer’s stock worth $25,502,000 after purchasing an additional 12,600 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Marathon Oil during the 4th quarter worth approximately $606,000. Franklin Resources Inc. grew its position in Marathon Oil by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 29,310,818 shares of the oil and gas producer’s stock worth $496,234,000 after purchasing an additional 162,885 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Marathon Oil during the 4th quarter worth approximately $9,495,000. Finally, CoreCommodity Management LLC purchased a new stake in Marathon Oil during the 4th quarter worth approximately $1,068,000. 81.25% of the stock is currently owned by institutional investors.
Marathon Oil Co. (NYSE MRO) opened at $14.82 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. Marathon Oil Co. has a 12 month low of $10.55 and a 12 month high of $19.52.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s dividend payout ratio is currently -2.97%.
Several analysts have commented on the stock. BMO Capital Markets restated a “hold” rating and set a $21.00 price objective on shares of Marathon Oil in a research note on Thursday, January 11th. UBS Group assumed coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They set a “neutral” rating and a $16.00 price objective for the company. Wolfe Research cut shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus set a $18.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.23.
Marathon Oil 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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