Zeke Capital Advisors LLC purchased a new position in shares of Marathon Oil Co. (NYSE:MRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,502 shares of the oil and gas producer’s stock, valued at approximately $449,000.
Several other institutional investors have also bought and sold shares of MRO. Nationwide Fund Advisors boosted its holdings in shares of Marathon Oil by 7.9% during the 3rd quarter. Nationwide Fund Advisors now owns 1,241,179 shares of the oil and gas producer’s stock worth $16,830,000 after buying an additional 90,989 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Marathon Oil by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 84,928 shares of the oil and gas producer’s stock worth $1,152,000 after buying an additional 3,594 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Marathon Oil by 2.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,801,600 shares of the oil and gas producer’s stock worth $24,430,000 after buying an additional 37,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Marathon Oil by 4.6% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 177,351 shares of the oil and gas producer’s stock worth $2,405,000 after buying an additional 7,823 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Marathon Oil by 10.8% during the 3rd quarter. Advisor Group Inc. now owns 84,000 shares of the oil and gas producer’s stock worth $1,140,000 after buying an additional 8,195 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.
MRO has been the topic of a number of research analyst reports. Atlantic Securities upgraded Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, January 4th. Morgan Stanley upped their target price on Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, January 15th. Finally, JPMorgan Chase & Co. raised Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.23.
Marathon Oil stock traded down $0.07 during midday trading on Monday, reaching $15.05. The company had a trading volume of 1,016,197 shares, compared to its average volume of 12,739,699. The stock has a market cap of $12,848.31, a price-to-earnings ratio of -2.26, a P/E/G ratio of 3.09 and a beta of 2.43. Marathon Oil Co. has a twelve month low of $10.55 and a twelve month high of $19.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.24.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted ($0.10) EPS. Marathon Oil’s quarterly revenue was up 23.0% compared to the same quarter last year. research analysts anticipate that Marathon Oil Co. will post 0.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s dividend payout ratio is presently -2.97%.
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.
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.