United Services Automobile Association grew its stake in shares of Marathon Oil Co. (NYSE:MRO) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 457,577 shares of the oil and gas producer’s stock after purchasing an additional 32,465 shares during the quarter. United Services Automobile Association’s holdings in Marathon Oil were worth $6,562,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of MRO. Legacy Financial Advisors Inc. purchased a new stake in shares of Marathon Oil during the fourth quarter worth about $25,000. JNBA Financial Advisors purchased a new stake in shares of Marathon Oil during the fourth quarter worth about $29,000. We Are One Seven LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth about $42,000. Doyle Wealth Management purchased a new stake in shares of Marathon Oil during the fourth quarter worth about $53,000. Finally, Gemmer Asset Management LLC increased its position in shares of Marathon Oil by 197.4% during the fourth quarter. Gemmer Asset Management LLC now owns 4,104 shares of the oil and gas producer’s stock worth $59,000 after acquiring an additional 2,724 shares during the last quarter. Institutional investors own 80.60% of the company’s stock.
Several analysts recently weighed in on the company. MKM Partners set a $22.00 price objective on Marathon Oil and gave the company a “buy” rating in a report on Tuesday, February 26th. ValuEngine raised Marathon Oil from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Raymond James reissued a “buy” rating and issued a $24.00 price objective on shares of Marathon Oil in a report on Monday, December 24th. SunTrust Banks assumed coverage on Marathon Oil in a report on Monday, December 17th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Morgan Stanley set a $20.00 price objective on Marathon Oil and gave the company a “hold” rating in a report on Tuesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.91.
Shares of NYSE:MRO traded down $0.05 during trading on Tuesday, hitting $17.34. 1,108,233 shares of the company traded hands, compared to its average volume of 10,692,681. The firm has a market capitalization of $14.14 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 4.25 and a beta of 2.26. Marathon Oil Co. has a one year low of $12.57 and a one year high of $24.20. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45.
Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The business’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. As a group, analysts predict that Marathon Oil Co. will post 0.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 19th. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.
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About Marathon Oil
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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