Gulf International Bank UK Ltd Purchases 33,695 Shares of Marathon Oil Co. (MRO)

Gulf International Bank UK Ltd lifted its position in shares of Marathon Oil Co. (NYSE:MRO) by 12.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 295,484 shares of the oil and gas producer’s stock after acquiring an additional 33,695 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Marathon Oil were worth $6,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new stake in shares of Marathon Oil during the second quarter worth $111,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Marathon Oil during the second quarter worth $133,000. Centaurus Financial Inc. bought a new stake in shares of Marathon Oil during the second quarter worth $133,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Marathon Oil during the third quarter worth $134,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Marathon Oil by 146.5% during the second quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after acquiring an additional 4,144 shares during the last quarter. Institutional investors own 80.01% of the company’s stock.

In related news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the sale, the vice president now owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. set a $27.00 target price on Marathon Oil and gave the stock a “buy” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Oil in a research report on Friday, September 28th. ValuEngine upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Morgan Stanley boosted their target price on Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Finally, Royal Bank of Canada set a $27.00 target price on Marathon Oil and gave the stock a “hold” rating in a research report on Thursday, September 20th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and an average target price of $23.99.

NYSE MRO opened at $17.84 on Friday. The stock has a market capitalization of $15.66 billion, a P/E ratio of -46.95, a P/E/G ratio of 1.50 and a beta of 2.45. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 12 month low of $14.27 and a 12 month high of $24.20.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.47 billion. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The firm’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts predict that Marathon Oil Co. will post 0.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%. Marathon Oil’s dividend payout ratio is presently -52.63%.

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Marathon Oil Company 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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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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