Assenagon Asset Management S.A. decreased its position in Marathon Oil Co. (NYSE:MRO) by 62.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,000 shares of the oil and gas producer’s stock after selling 237,267 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Marathon Oil were worth $2,051,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Gateway Investment Advisers LLC boosted its position in Marathon Oil by 1.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 42,271 shares of the oil and gas producer’s stock worth $606,000 after acquiring an additional 787 shares during the period. Legacy Financial Advisors Inc. bought a new stake in shares of Marathon Oil in the 4th quarter worth $25,000. Duncker Streett & Co. Inc. raised its stake in shares of Marathon Oil by 65.6% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 6,312 shares of the oil and gas producer’s stock worth $147,000 after buying an additional 2,500 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Marathon Oil by 10.7% in the 3rd quarter. MML Investors Services LLC now owns 28,128 shares of the oil and gas producer’s stock worth $655,000 after buying an additional 2,710 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its stake in shares of Marathon Oil by 197.4% in the 4th quarter. Gemmer Asset Management LLC now owns 4,104 shares of the oil and gas producer’s stock worth $59,000 after buying an additional 2,724 shares in the last quarter. Institutional investors own 81.02% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Wolfe Research raised Marathon Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Mizuho raised Marathon Oil from a “neutral” rating to a “buy” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Friday, October 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 price target on shares of Marathon Oil in a research note on Wednesday, October 24th. Finally, Wells Fargo & Co raised Marathon Oil from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.99.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company posted $0.07 earnings per share. Marathon Oil’s quarterly revenue was up 27.7% on a year-over-year basis. On average, analysts anticipate that Marathon Oil Co. will post 0.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 19th. Marathon Oil’s dividend payout ratio is presently -52.63%.
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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 E&P and International E&P. 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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