Xponance Inc. lifted its holdings in shares of Marathon Oil Co. (NYSE:MRO – Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,408 shares of the oil and gas producer’s stock after acquiring an additional 1,235 shares during the quarter. Xponance Inc.’s holdings in Marathon Oil were worth $2,693,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in MRO. State Street Corp boosted its stake in Marathon Oil by 0.8% in the 1st quarter. State Street Corp now owns 48,341,531 shares of the oil and gas producer’s stock valued at $1,213,856,000 after purchasing an additional 392,821 shares during the period. Geode Capital Management LLC raised its holdings in shares of Marathon Oil by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 14,822,250 shares of the oil and gas producer’s stock worth $400,698,000 after buying an additional 421,238 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Marathon Oil by 1,220.4% during the 1st quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock worth $219,828,000 after buying an additional 8,091,570 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Marathon Oil by 60.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,739,802 shares of the oil and gas producer’s stock worth $194,346,000 after buying an additional 2,904,140 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Marathon Oil by 35.3% during the 1st quarter. First Trust Advisors LP now owns 7,026,775 shares of the oil and gas producer’s stock worth $176,442,000 after buying an additional 1,835,182 shares in the last quarter. 78.44% of the stock is currently owned by institutional investors.
Marathon Oil Stock Up 0.4 %
MRO opened at $23.02 on Friday. The company has a market cap of $14.22 billion, a P/E ratio of 5.66, a P/E/G ratio of 0.47 and a beta of 2.39. The business’s 50-day moving average price is $23.04 and its 200-day moving average price is $24.85. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. Marathon Oil Co. has a 12 month low of $19.42 and a 12 month high of $33.42.
Marathon Oil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Wednesday, May 17th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.74%. Marathon Oil’s payout ratio is 9.83%.
Analyst Ratings Changes
A number of equities analysts have issued reports on MRO shares. Truist Financial upped their target price on Marathon Oil from $34.00 to $39.00 in a report on Tuesday, April 11th. StockNews.com upgraded Marathon Oil from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Mizuho cut their target price on Marathon Oil from $31.00 to $28.00 in a research report on Friday, May 19th. UBS Group initiated coverage on Marathon Oil in a report on Wednesday, April 19th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Morgan Stanley cut their price target on Marathon Oil from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.88.
Marathon Oil Company Profile
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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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