1832 Asset Management L.P. boosted its position in Marathon Oil Co. (NYSE:MRO) by 94.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 322,000 shares of the oil and gas producer’s stock after buying an additional 156,600 shares during the quarter. 1832 Asset Management L.P.’s holdings in Marathon Oil were worth $4,617,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in MRO. Weiss Multi Strategy Advisers LLC increased its position in shares of Marathon Oil by 62.5% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 1,392,189 shares of the oil and gas producer’s stock worth $19,964,000 after purchasing an additional 535,488 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Marathon Oil by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,324,043 shares of the oil and gas producer’s stock worth $18,987,000 after acquiring an additional 4,999 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Marathon Oil by 15.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,945 shares of the oil and gas producer’s stock worth $71,000 after acquiring an additional 671 shares during the last quarter. HRS Investment Holdings LLC acquired a new position in shares of Marathon Oil during the 4th quarter worth approximately $108,000. Finally, CoreCommodity Management LLC increased its holdings in shares of Marathon Oil by 5.3% during the 4th quarter. CoreCommodity Management LLC now owns 12,719 shares of the oil and gas producer’s stock worth $182,000 after acquiring an additional 644 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marathon Oil in a report on Tuesday, March 5th. MKM Partners assumed coverage on Marathon Oil in a report on Wednesday, December 5th. They set a “buy” rating and a $26.00 target price on the stock. Argus decreased their target price on Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, February 25th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Marathon Oil in a report on Monday, November 26th. Finally, ValuEngine raised Marathon Oil from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.91.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. On average, research analysts expect that Marathon Oil Co. will post 0.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 20th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This represents a $0.20 annualized dividend and a yield of 1.13%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.
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Marathon Oil Company Profile
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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