California Public Employees Retirement System Raises Holdings in Marathon Oil Co. (MRO)

California Public Employees Retirement System grew its position in Marathon Oil Co. (NYSE:MRO) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,606,193 shares of the oil and gas producer’s stock after purchasing an additional 237,423 shares during the period. California Public Employees Retirement System owned about 0.31% of Marathon Oil worth $44,123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Teacher Retirement System of Texas increased its position in Marathon Oil by 271.9% in the 4th quarter. Teacher Retirement System of Texas now owns 1,270,984 shares of the oil and gas producer’s stock worth $21,518,000 after purchasing an additional 929,184 shares during the last quarter. Mraz Amerine & Associates Inc. increased its holdings in shares of Marathon Oil by 9.8% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 47,137 shares of the oil and gas producer’s stock valued at $798,000 after acquiring an additional 4,203 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Marathon Oil by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 163,330 shares of the oil and gas producer’s stock valued at $2,765,000 after acquiring an additional 5,413 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Marathon Oil by 0.7% during the 4th quarter. Gabelli Funds LLC now owns 452,700 shares of the oil and gas producer’s stock valued at $7,664,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Marathon Oil by 7.8% during the 4th quarter. Aperio Group LLC now owns 405,893 shares of the oil and gas producer’s stock valued at $6,872,000 after acquiring an additional 29,477 shares during the last quarter. 80.34% of the stock is currently owned by institutional investors.

Shares of Marathon Oil Co. (MRO) opened at $16.95 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. Marathon Oil Co. has a fifty-two week low of $10.55 and a fifty-two week high of $19.52.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. sell-side analysts predict that Marathon Oil Co. will post -0.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be given a $0.05 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. Marathon Oil’s dividend payout ratio is currently -2.40%.

A number of research analysts have recently commented on MRO shares. Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, November 6th. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, January 4th. Citigroup lowered Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Thursday, November 9th. Finally, JPMorgan Chase & Co. raised Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Marathon Oil has an average rating of “Hold” and a consensus price target of $17.91.

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About Marathon Oil

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

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