Natixis decreased its position in shares of Marathon Oil Co. (NYSE:MRO – Get Rating) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,553 shares of the oil and gas producer’s stock after selling 30,175 shares during the quarter. Natixis’ holdings in Marathon Oil were worth $4,211,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. TradeLink Capital LLC bought a new position in shares of Marathon Oil in the first quarter valued at $781,000. D.A. Davidson & CO. bought a new stake in Marathon Oil during the 1st quarter worth approximately $209,000. Great West Life Assurance Co. Can increased its holdings in Marathon Oil by 6.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 160,065 shares of the oil and gas producer’s stock worth $4,192,000 after purchasing an additional 10,388 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Marathon Oil in the first quarter worth approximately $206,000. Finally, Cibc World Market Inc. lifted its holdings in shares of Marathon Oil by 7.4% in the first quarter. Cibc World Market Inc. now owns 187,679 shares of the oil and gas producer’s stock valued at $4,713,000 after purchasing an additional 12,859 shares in the last quarter. 77.30% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Marathon Oil news, CAO Rob L. White sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $22.85, for a total value of $114,250.00. Following the sale, the chief accounting officer now owns 39,344 shares of the company’s stock, valued at approximately $899,010.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.
Marathon Oil Stock Down 1.6 %
Marathon Oil (NYSE:MRO – Get Rating) last posted its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Marathon Oil had a net margin of 34.22% and a return on equity of 24.17%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. Marathon Oil’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Marathon Oil Co. will post 2.71 EPS for the current fiscal year.
Marathon Oil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Wednesday, May 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, May 16th. Marathon Oil’s dividend payout ratio is 9.83%.
Analysts Set New Price Targets
Several brokerages have weighed in on MRO. Raymond James raised their price objective on Marathon Oil from $43.00 to $48.00 and gave the company a “strong-buy” rating in a research note on Friday, April 21st. Citigroup upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, March 23rd. Morgan Stanley decreased their price objective on shares of Marathon Oil from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, March 27th. Jefferies Financial Group dropped their target price on shares of Marathon Oil from $29.00 to $25.00 in a research report on Monday, May 15th. Finally, Stifel Nicolaus upped their target price on Marathon Oil from $37.00 to $38.00 in a report on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.06.
Marathon Oil Company Profile
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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