Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 59.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,393 shares of the oil and gas producer’s stock after selling 25,847 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Marathon Oil were worth $291,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Marathon Oil during the 3rd quarter worth approximately $430,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Marathon Oil by 357.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,542 shares of the oil and gas producer’s stock valued at $1,286,000 after buying an additional 43,408 shares during the last quarter. LPL Financial LLC increased its stake in Marathon Oil by 17.2% in the 3rd quarter. LPL Financial LLC now owns 126,969 shares of the oil and gas producer’s stock valued at $2,956,000 after buying an additional 18,650 shares during the last quarter. Pacer Advisors Inc. increased its stake in Marathon Oil by 43.0% in the 3rd quarter. Pacer Advisors Inc. now owns 55,985 shares of the oil and gas producer’s stock valued at $1,303,000 after buying an additional 16,824 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its stake in Marathon Oil by 85.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 66,428 shares of the oil and gas producer’s stock valued at $1,547,000 after buying an additional 30,516 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.
NYSE MRO opened at $15.68 on Friday. Marathon Oil Co. has a 1 year low of $12.57 and a 1 year high of $24.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 1.59. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 4.00 and a beta of 2.23.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Marathon Oil’s dividend payout ratio is presently 28.17%.
Several research firms have commented on MRO. Barclays set a $23.00 price objective on shares of Marathon Oil and gave the company a “buy” rating in a research note on Wednesday, January 16th. Argus reduced their target price on shares of Marathon Oil from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, February 25th. Capital One Financial downgraded shares of Marathon Oil from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $20.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, January 29th. Finally, ValuEngine downgraded shares of Marathon Oil from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Marathon Oil has a consensus rating of “Buy” and a consensus price target of $23.27.
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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