AMP Capital Investors Ltd boosted its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,940 shares of the oil and gas producer’s stock after acquiring an additional 48,958 shares during the period. AMP Capital Investors Ltd’s holdings in Marathon Oil were worth $6,026,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in Marathon Oil during the 4th quarter valued at about $117,000. FTB Advisors Inc. lifted its position in 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 valued at $144,000 after acquiring an additional 2,687 shares during the period. Pinebridge Investments L.P. lifted its position in 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 valued at $175,000 after acquiring an additional 5,526 shares during the period. First Hawaiian Bank purchased a new position in Marathon Oil in the fourth quarter worth about $178,000. Finally, Mackenzie Financial Corp purchased a new position in Marathon Oil in the third quarter worth about $149,000. 81.25% of the stock is owned by institutional investors.
Several research analysts have issued reports on the stock. UBS assumed coverage on shares of Marathon Oil in a report on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 target price on shares of Marathon Oil in a report on Tuesday, February 27th. R. F. Lafferty reaffirmed a “buy” rating and issued a $27.00 target price (up from $26.00) on shares of Marathon Oil in a report on Tuesday, February 20th. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Wolfe Research cut shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.23.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) earnings per share. equities analysts predict that Marathon Oil Co. will post 0.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.20 annualized dividend and a yield of 1.32%. Marathon Oil’s dividend payout ratio (DPR) is -2.97%.
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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