JPMorgan Chase & Co. Has $22.71 Million Stake in Marathon Oil Co. (MRO)

JPMorgan Chase & Co. lessened its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 31.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,407,579 shares of the oil and gas producer’s stock after selling 644,582 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.16% of Marathon Oil worth $22,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Marathon Oil by 0.8% during the 4th quarter. California State Teachers Retirement System now owns 1,506,305 shares of the oil and gas producer’s stock worth $25,502,000 after acquiring an additional 12,600 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Marathon Oil by 6.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,703,803 shares of the oil and gas producer’s stock worth $45,775,000 after acquiring an additional 161,462 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Marathon Oil by 49.9% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 32,910 shares of the oil and gas producer’s stock worth $557,000 after acquiring an additional 10,950 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Marathon Oil by 13.4% during the 4th quarter. LPL Financial LLC now owns 85,711 shares of the oil and gas producer’s stock worth $1,451,000 after acquiring an additional 10,141 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Marathon Oil by 12.3% during the 4th quarter. Bank of New York Mellon Corp now owns 7,971,784 shares of the oil and gas producer’s stock worth $134,962,000 after acquiring an additional 874,640 shares during the last quarter. Institutional investors and hedge funds own 78.95% of the company’s stock.

Shares of Marathon Oil opened at $21.12 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 1.52. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of -55.58, a P/E/G ratio of 1.76 and a beta of 2.33. Marathon Oil Co. has a 52-week low of $10.55 and a 52-week high of $22.12.



Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.36 billion. Marathon Oil had a negative net margin of 7.56% and a negative return on equity of 0.50%. Marathon Oil’s revenue for the quarter was up 61.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. equities analysts forecast that Marathon Oil Co. will post 0.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th were issued a $0.05 dividend. The ex-dividend date was Tuesday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. Marathon Oil’s dividend payout ratio is currently -52.63%.

MRO has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, March 26th. R. F. Lafferty reiterated a “buy” rating and set a $27.00 price target (up previously from $26.00) on shares of Marathon Oil in a research note on Tuesday, February 20th. UBS Group initiated coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They set a “neutral” rating and a $16.00 price target on the stock. Royal Bank of Canada set a $21.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Friday, April 13th. Finally, ValuEngine upgraded shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.45.

In other Marathon Oil news, insider Lee M. Tillman sold 400,000 shares of Marathon Oil stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $21.65, for a total value of $8,660,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

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

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