BlackRock Inc. reduced its position in Marathon Oil Co. (NYSE:MRO) by 18.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 79,835,520 shares of the oil and gas producer’s stock after selling 18,259,512 shares during the period. BlackRock Inc. owned 0.09% of Marathon Oil worth $1,351,616,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Macquarie Group Ltd. lifted its position in shares of Marathon Oil by 1.3% in the third quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after buying an additional 693,366 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Marathon Oil by 10.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares during the period. Dimensional Fund Advisors LP raised its position in Marathon Oil by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock valued at $108,279,000 after purchasing an additional 159,144 shares during the period. Bank of New York Mellon Corp raised its position in Marathon Oil by 12.3% during the fourth quarter. Bank of New York Mellon Corp now owns 7,971,784 shares of the oil and gas producer’s stock valued at $134,962,000 after purchasing an additional 874,640 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Marathon Oil during the third quarter valued at approximately $81,114,000. Institutional investors own 78.99% of the company’s stock.
Shares of Marathon Oil Co. (MRO) opened at $15.85 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Co. has a fifty-two week low of $10.55 and a fifty-two week high of $19.52. The firm has a market capitalization of $13,470.00, a P/E ratio of -16.17, a PEG ratio of 3.57 and a beta of 2.34.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.21% and a negative net margin of 120.11%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. research analysts anticipate that Marathon Oil Co. will post 0.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.26%. Marathon Oil’s payout ratio is -20.41%.
A number of equities research analysts have issued reports on MRO shares. Zacks Investment Research downgraded Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Wolfe Research downgraded Marathon Oil from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Jefferies Group upped their price objective on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, November 3rd. 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 report on Friday, December 15th. Finally, Credit Suisse Group started coverage on Marathon Oil in a research report on Monday, December 11th. They set an “outperform” rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.32.
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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.
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