Moors & Cabot Inc. grew its holdings in Marathon Oil Co. (NYSE:MRO) by 31.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,170 shares of the oil and gas producer’s stock after acquiring an additional 7,696 shares during the quarter. Moors & Cabot Inc.’s holdings in Marathon Oil were worth $539,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MRO. Alyeska Investment Group L.P. acquired a new stake in shares of Marathon Oil in the 3rd quarter valued at about $81,114,000. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marathon Oil by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Marathon Oil in the 4th quarter valued at about $63,616,000. AXA boosted its position in shares of Marathon Oil by 735.2% in the 3rd quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock valued at $37,231,000 after purchasing an additional 2,416,889 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Marathon Oil by 759.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,416,384 shares of the oil and gas producer’s stock valued at $19,199,000 after purchasing an additional 1,251,525 shares during the period. Institutional investors and hedge funds own 81.25% of the company’s stock.
Marathon Oil Co. (MRO) traded up $0.05 on Wednesday, hitting $14.87. The stock had a trading volume of 12,517,136 shares, compared to its average volume of 14,100,000. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. The firm has a market cap of $12,630.00, a PE ratio of -14.58, a P/E/G ratio of 3.11 and a beta of 2.43. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $19.52.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. Marathon Oil’s dividend payout ratio is currently -19.61%.
A number of brokerages recently issued reports on MRO. UBS Group began coverage on Marathon Oil in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 target price for the company. BMO Capital Markets reissued a “hold” rating and issued a $20.00 target price on shares of Marathon Oil in a research report on Tuesday, February 27th. R. F. Lafferty reissued a “buy” rating and issued a $27.00 target price (up from $26.00) on shares of Marathon Oil in a research report on Tuesday, February 20th. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Wolfe Research cut Marathon Oil from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. Marathon Oil currently has a consensus rating of “Hold” and an average target price of $18.23.
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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.
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