Wealthfront Advisers LLC boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 43.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,587 shares of the oil and gas producer’s stock after acquiring an additional 29,994 shares during the period. Wealthfront Advisers LLC’s holdings in Marathon Oil were worth $1,352,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. California Public Employees Retirement System increased its stake in shares of Marathon Oil by 17.7% in the 3rd quarter. California Public Employees Retirement System now owns 1,715,967 shares of the oil and gas producer’s stock valued at $21,055,000 after purchasing an additional 258,333 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Marathon Oil in the 4th quarter valued at $2,634,000. Daiwa Securities Group Inc. increased its stake in shares of Marathon Oil by 8.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 37,370 shares of the oil and gas producer’s stock valued at $459,000 after purchasing an additional 2,830 shares during the last quarter. Man Group plc increased its stake in shares of Marathon Oil by 212.2% in the 3rd quarter. Man Group plc now owns 937,597 shares of the oil and gas producer’s stock valued at $11,504,000 after purchasing an additional 637,242 shares during the last quarter. Finally, Evoke Wealth LLC bought a new position in shares of Marathon Oil in the 3rd quarter valued at $96,000. Institutional investors own 82.51% of the company’s stock.
Several equities analysts have recently issued reports on the company. Guggenheim assumed coverage on Marathon Oil in a research note on Tuesday, November 26th. They issued a “neutral” rating on the stock. Barclays lowered Marathon Oil from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Thursday, January 9th. Bank of America lowered Marathon Oil from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. BMO Capital Markets lowered Marathon Oil from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $13.00 to $14.00 in a research report on Monday, January 13th. Finally, Scotiabank began coverage on Marathon Oil in a research report on Thursday. They set a “sector perform” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.93.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.10. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.26 billion. Marathon Oil had a return on equity of 5.56% and a net margin of 15.51%. Marathon Oil’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. As a group, equities research analysts expect that Marathon Oil Co. will post 0.71 EPS for the current fiscal year.
Marathon Oil Company 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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