OppenheimerFunds Inc. decreased its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 62.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,052,258 shares of the oil and gas producer’s stock after selling 1,741,793 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.12% of Marathon Oil worth $16,973,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MRO. Millennium Management LLC increased its stake in shares of Marathon Oil by 82.1% during the 4th quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock worth $314,838,000 after purchasing an additional 8,385,155 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Marathon Oil during the 4th quarter worth $63,616,000. Prudential Financial Inc. increased its stake in shares of Marathon Oil by 254.5% during the 1st quarter. Prudential Financial Inc. now owns 4,293,509 shares of the oil and gas producer’s stock worth $69,254,000 after purchasing an additional 3,082,361 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Marathon Oil by 903.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 1,781,062 shares of the oil and gas producer’s stock worth $30,152,000 after purchasing an additional 1,603,485 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC acquired a new position in shares of Marathon Oil during the 4th quarter worth $20,069,000. Institutional investors own 78.95% of the company’s stock.
A number of research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 target price on the stock. ValuEngine upgraded shares of Marathon Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Tudor Pickering upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus set a $18.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a research note on Monday, April 23rd. Finally, R. F. Lafferty reiterated a “buy” rating and issued a $27.00 target price (up from $26.00) on shares of Marathon Oil in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. Marathon Oil currently has a consensus rating of “Hold” and an average target price of $18.45.
Shares of Marathon Oil opened at $21.47 on Tuesday, Marketbeat.com reports. The company has a quick ratio of 1.46, a current ratio of 1.52 and a debt-to-equity ratio of 0.46. Marathon Oil Co. has a fifty-two week low of $10.55 and a fifty-two week high of $22.12. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of -56.50, a P/E/G ratio of 1.96 and a beta of 2.33.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Marathon Oil had a negative net margin of 7.56% and a negative return on equity of 0.50%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) EPS. The business’s revenue was up 61.7% on a year-over-year basis. equities research analysts expect that Marathon Oil Co. will post 0.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Tuesday, May 15th. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.
Marathon Oil 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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