F&V Capital Management LLC raised its holdings in Marathon Oil Co. (NYSE:MRO) by 73.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,085 shares of the oil and gas producer’s stock after purchasing an additional 129,195 shares during the quarter. Marathon Oil accounts for 2.7% of F&V Capital Management LLC’s holdings, making the stock its 16th largest holding. F&V Capital Management LLC’s holdings in Marathon Oil were worth $5,182,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Mackenzie Financial Corp acquired a new stake in shares of Marathon Oil in the third quarter valued at $149,000. Valeo Financial Advisors LLC acquired a new stake in shares of Marathon Oil in the third quarter valued at $159,000. Intact Investment Management Inc. acquired a new stake in shares of Marathon Oil in the third quarter valued at $173,000. Glenview Trust Co grew its stake in shares of Marathon Oil by 13.5% in the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after buying an additional 1,550 shares in the last quarter. Finally, Donald L. Hagan LLC acquired a new stake in shares of Marathon Oil in the third quarter valued at $179,000. Institutional investors own 80.34% of the company’s stock.
MRO has been the subject of a number of research reports. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, November 6th. Jefferies Group lifted their price objective on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Friday, November 3rd. Societe Generale raised Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Scotiabank set a $19.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Marathon Oil in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.51.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 19.87% and a negative net margin of 48.58%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted ($0.23) EPS. Marathon Oil’s revenue for the quarter was up 26.5% on a year-over-year basis. analysts anticipate that Marathon Oil Co. will post -0.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, November 14th. Marathon Oil’s dividend payout ratio (DPR) is -7.81%.
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About Marathon Oil
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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