Banco de Sabadell S.A Buys New Position in Marathon Oil Co. (MRO)

Banco de Sabadell S.A bought a new stake in Marathon Oil Co. (NYSE:MRO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,286 shares of the oil and gas producer’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in Marathon Oil in the 4th quarter valued at approximately $117,000. FTB Advisors Inc. raised its stake in shares of Marathon Oil by 49.8% during the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,687 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Marathon Oil by 114.3% during the 4th quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock worth $175,000 after purchasing an additional 5,526 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Marathon Oil during the 4th quarter worth approximately $178,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Marathon Oil during the 3rd quarter worth approximately $149,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

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Shares of MRO stock opened at $15.76 on Friday. Marathon Oil Co. has a 12 month low of $10.55 and a 12 month high of $19.52. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $13,868.01, a price-to-earnings ratio of -2.34, a P/E/G ratio of 3.34 and a beta of 2.43.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. equities analysts expect that Marathon Oil Co. will post 0.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Tuesday, February 20th. Marathon Oil’s dividend payout ratio is -2.97%.

A number of equities research analysts have recently issued reports on MRO shares. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. ValuEngine upgraded Marathon Oil from a “strong sell” rating to a “sell” rating in a research note on Thursday. Wolfe Research cut Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. upgraded Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research note on Friday, December 15th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $20.00 price objective on shares of Marathon Oil in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.29.

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Marathon Oil Company 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.

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

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