Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 0.1% in the first quarter, HoldingsChannel reports. The firm owned 3,559,952 shares of the oil and gas producer’s stock after buying an additional 2,079 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Marathon Oil were worth $59,487,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc increased its position in Marathon Oil by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 93,278,037 shares of the oil and gas producer’s stock worth $2,171,512,000 after purchasing an additional 935,179 shares in the last quarter. Macquarie Group Ltd. increased its position in Marathon Oil by 17.8% during the 4th quarter. Macquarie Group Ltd. now owns 41,766,089 shares of the oil and gas producer’s stock worth $598,926,000 after purchasing an additional 6,298,905 shares in the last quarter. Boston Partners increased its position in Marathon Oil by 65.7% during the 1st quarter. Boston Partners now owns 12,677,229 shares of the oil and gas producer’s stock worth $211,836,000 after purchasing an additional 5,025,433 shares in the last quarter. Geode Capital Management LLC increased its position in Marathon Oil by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 12,204,959 shares of the oil and gas producer’s stock worth $174,746,000 after purchasing an additional 1,111,769 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Marathon Oil by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,926,029 shares of the oil and gas producer’s stock worth $171,011,000 after purchasing an additional 1,328,679 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.
A number of analysts recently commented on the company. Capital One Financial upgraded Marathon Oil from an “equal weight” rating to an “overweight” rating in a research report on Thursday. Argus decreased their price target on Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 25th. Morgan Stanley set a $20.00 price target on Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, January 29th. ValuEngine lowered Marathon Oil from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, TheStreet raised Marathon Oil from a “c+” rating to a “b-” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.20.
Shares of NYSE:MRO opened at $14.43 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 12-month low of $12.57 and a 12-month high of $24.20. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.70 and a beta of 2.23.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.24. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The company’s revenue was down 30.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Sell-side analysts expect that Marathon Oil Co. will post 0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s dividend payout ratio is currently 28.17%.
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Marathon Oil Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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