LPL Financial LLC Purchases 10,141 Shares of Marathon Oil Co. (MRO)

LPL Financial LLC increased its position in shares of Marathon Oil Co. (NYSE:MRO) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,711 shares of the oil and gas producer’s stock after buying an additional 10,141 shares during the period. LPL Financial LLC’s holdings in Marathon Oil were worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth approximately $117,000. FTB Advisors Inc. increased its stake in Marathon Oil by 49.8% in the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 2,687 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Marathon Oil in the third quarter valued at approximately $149,000. Valeo Financial Advisors LLC purchased a new position in Marathon Oil in the third quarter valued at approximately $159,000. Finally, Pinebridge Investments L.P. increased its stake in Marathon Oil by 114.3% in the fourth quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock valued at $175,000 after purchasing an additional 5,526 shares during the last quarter. Hedge funds and other institutional investors own 81.23% of the company’s stock.

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MRO stock opened at $16.24 on Friday. The company has a market capitalization of $13,502.62, a PE ratio of -42.74, a PEG ratio of 3.11 and a beta of 2.30. 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 posted its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The company’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) earnings per share. sell-side analysts predict that Marathon Oil Co. will post 0.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s payout ratio is currently -52.63%.

Several equities analysts have commented on MRO shares. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, January 4th. Jefferies Group reiterated a “hold” rating and issued a $19.80 price target on shares of Marathon Oil in a research note on Friday, January 19th. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus set a $19.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, March 28th. Finally, UBS started coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Marathon Oil presently has an average rating of “Hold” and an average price target of $18.33.

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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.

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

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