Mediolanum International Funds Ltd Takes $975,000 Position in Marathon Oil Co. (NYSE:MRO)

Mediolanum International Funds Ltd purchased a new stake in Marathon Oil Co. (NYSE:MROFree Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,183 shares of the oil and gas producer’s stock, valued at approximately $975,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Oak Thistle LLC bought a new position in shares of Marathon Oil in the fourth quarter valued at $1,440,000. Victory Capital Management Inc. grew its position in shares of Marathon Oil by 127.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer’s stock valued at $61,067,000 after acquiring an additional 1,415,639 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Marathon Oil by 374.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 73,592 shares of the oil and gas producer’s stock worth $1,778,000 after purchasing an additional 58,081 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Marathon Oil by 137.1% in the 4th quarter. Corient Private Wealth LLC now owns 304,331 shares of the oil and gas producer’s stock valued at $7,353,000 after purchasing an additional 175,964 shares during the period. Finally, Blackstone Inc. lifted its stake in Marathon Oil by 23.1% in the 4th quarter. Blackstone Inc. now owns 79,901 shares of the oil and gas producer’s stock valued at $1,930,000 after purchasing an additional 15,000 shares during the last quarter. 77.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MRO shares. The Goldman Sachs Group upped their price objective on Marathon Oil from $26.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Argus upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, March 14th. Stifel Nicolaus dropped their price objective on shares of Marathon Oil from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Piper Sandler lifted their target price on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $29.00 price target (down from $38.00) on shares of Marathon Oil in a report on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Oil has an average rating of “Moderate Buy” and a consensus target price of $32.86.

Check Out Our Latest Stock Report on Marathon Oil

Marathon Oil Price Performance

MRO stock traded up $0.28 during trading on Wednesday, reaching $28.17. 5,162,847 shares of the company were exchanged, compared to its average volume of 9,631,549. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 11.64 and a beta of 2.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48. The company has a 50-day moving average of $27.45 and a two-hundred day moving average of $26.00. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06.

Marathon Oil (NYSE:MROGet Free Report) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. As a group, equities analysts predict that Marathon Oil Co. will post 2.87 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.56%. Marathon Oil’s dividend payout ratio is presently 18.18%.

Marathon Oil Profile

(Free Report)

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.

Further Reading

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

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