KBC Group NV Acquires 17,332 Shares of Marathon Oil Co. (MRO)

KBC Group NV raised its holdings in Marathon Oil Co. (NYSE:MRO) by 21.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,282 shares of the oil and gas producer’s stock after buying an additional 17,332 shares during the period. KBC Group NV’s holdings in Marathon Oil were worth $1,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MRO. Janney Montgomery Scott LLC grew its position in shares of Marathon Oil by 98.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 31,803 shares of the oil and gas producer’s stock valued at $377,000 after acquiring an additional 15,751 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of Marathon Oil by 12.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 71,477 shares of the oil and gas producer’s stock valued at $847,000 after acquiring an additional 8,036 shares during the period. Global X Management Co. LLC grew its position in shares of Marathon Oil by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 14,430 shares of the oil and gas producer’s stock valued at $171,000 after acquiring an additional 1,846 shares during the period. Arizona State Retirement System grew its position in shares of Marathon Oil by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 210,814 shares of the oil and gas producer’s stock valued at $2,498,000 after acquiring an additional 1,100 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of Marathon Oil in the 2nd quarter valued at about $11,424,000. Hedge funds and other institutional investors own 80.65% of the company’s stock.

Marathon Oil Co. (MRO) traded up $0.03 during midday trading on Wednesday, reaching $15.18. 10,990,000 shares of the company’s stock were exchanged, compared to its average volume of 13,353,941. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Co. has a 52-week low of $10.55 and a 52-week high of $19.02.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.23) EPS. research analysts forecast that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, November 14th. Marathon Oil’s dividend payout ratio is currently -2.40%.

Several analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 target price on shares of Marathon Oil in a report on Tuesday, November 7th. Barclays lifted their target price on shares of Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Scotiabank set a $19.00 target price on shares of Marathon Oil and gave the stock a “buy” rating in a report on Wednesday, October 4th. Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Finally, Citigroup downgraded shares of Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Marathon Oil has an average rating of “Hold” and a consensus price target of $16.90.

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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.

Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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