Teacher Retirement System of Texas lowered its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 962,611 shares of the oil and gas producer’s stock after selling 5,459 shares during the period. Teacher Retirement System of Texas’ holdings in Marathon Oil were worth $16,085,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in MRO. Deutsche Bank AG raised its position in shares of Marathon Oil by 36.1% in the fourth quarter. Deutsche Bank AG now owns 5,507,722 shares of the oil and gas producer’s stock valued at $78,976,000 after buying an additional 1,460,859 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Marathon Oil by 29.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 1,099,891 shares of the oil and gas producer’s stock valued at $15,772,000 after buying an additional 247,363 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Marathon Oil by 49.9% in the fourth quarter. Meeder Asset Management Inc. now owns 125,797 shares of the oil and gas producer’s stock valued at $1,803,000 after buying an additional 41,887 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Marathon Oil by 8.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 515,523 shares of the oil and gas producer’s stock valued at $7,393,000 after buying an additional 39,216 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Marathon Oil by 0.9% in the first quarter. Arizona State Retirement System now owns 616,821 shares of the oil and gas producer’s stock valued at $10,307,000 after buying an additional 5,214 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.
MRO traded down $0.11 during trading on Friday, hitting $15.60. 93,329 shares of the company’s stock were exchanged, compared to its average volume of 11,736,875. The company has a quick ratio of 1.45, a current ratio of 1.49 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 1 year low of $12.57 and a 1 year high of $24.20. The company has a market cap of $12.62 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.63 and a beta of 2.23.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. Marathon Oil’s revenue for the quarter was down 30.9% on a year-over-year basis. Research analysts anticipate that Marathon Oil Co. will post 0.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 annualized dividend and a yield of 1.28%. Marathon Oil’s dividend payout ratio is currently 28.17%.
MRO has been the subject of a number of analyst reports. Royal Bank of Canada raised shares of Marathon Oil from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $23.00 in a research report on Tuesday, April 16th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marathon Oil in a report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Morgan Stanley set a $19.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, Barclays lowered their target price on shares of Marathon Oil from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.20.
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About Marathon Oil
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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