BNP Paribas Arbitrage SA raised its holdings in Marathon Oil Co. (NYSE:MRO) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,163 shares of the oil and gas producer’s stock after buying an additional 17,430 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Marathon Oil worth $8,525,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc boosted its holdings in Marathon Oil by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 93,278,037 shares of the oil and gas producer’s stock valued at $2,171,512,000 after purchasing an additional 935,179 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of 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 acquiring an additional 6,298,905 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 1,111,769 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 acquiring an additional 1,328,679 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Marathon Oil by 3.6% during the 4th quarter. Northern Trust Corp now owns 11,757,084 shares of the oil and gas producer’s stock worth $168,597,000 after acquiring an additional 410,807 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
MRO traded down $0.41 during trading on Wednesday, hitting $15.43. The company’s stock had a trading volume of 12,053,800 shares, compared to its average volume of 11,822,443. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49. The company has a market capitalization of $12.78 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.64 and a beta of 2.23. Marathon Oil Co. has a twelve month low of $12.57 and a twelve month high of $24.20.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.24. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. Marathon Oil’s revenue was down 30.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. As a group, equities research analysts forecast that Marathon Oil Co. will post 0.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.20 annualized dividend and a yield of 1.30%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.
Several brokerages have recently commented on MRO. Barclays decreased their price target on Marathon Oil from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised Marathon Oil from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $22.00 to $23.00 in a research note on Tuesday, April 16th. MKM Partners set a $22.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Morgan Stanley set a $19.00 price target on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.20.
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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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