Marathon Oil Co. (MRO) Shares Sold by Charter Trust Co.

Charter Trust Co. cut its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,248 shares of the oil and gas producer’s stock after selling 3,671 shares during the quarter. Charter Trust Co.’s holdings in Marathon Oil were worth $647,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Marathon Oil by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,998,450 shares of the oil and gas producer’s stock worth $67,694,000 after buying an additional 159,449 shares during the last quarter. National Pension Service lifted its holdings in shares of Marathon Oil by 9.8% during the fourth quarter. National Pension Service now owns 998,199 shares of the oil and gas producer’s stock worth $16,900,000 after buying an additional 89,280 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Marathon Oil during the fourth quarter worth approximately $178,000. Hexavest Inc. lifted its holdings in shares of Marathon Oil by 0.9% during the fourth quarter. Hexavest Inc. now owns 1,011,219 shares of the oil and gas producer’s stock worth $17,120,000 after buying an additional 8,917 shares during the last quarter. Finally, Country Trust Bank lifted its holdings in shares of Marathon Oil by 904.9% during the fourth quarter. Country Trust Bank now owns 13,888 shares of the oil and gas producer’s stock worth $235,000 after buying an additional 12,506 shares during the last quarter. Institutional investors own 80.50% of the company’s stock.

A number of brokerages have recently commented on MRO. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday. BMO Capital Markets restated a “hold” rating and issued a $21.00 target price on shares of Marathon Oil in a research note on Thursday, January 11th. JPMorgan Chase & Co. set a $20.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Wednesday. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, January 4th. Finally, Citigroup lowered Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Marathon Oil presently has an average rating of “Hold” and a consensus target price of $17.08.

Shares of Marathon Oil Co. (NYSE:MRO) opened at $18.84 on Thursday. Marathon Oil Co. has a 1 year low of $10.55 and a 1 year high of $19.04. The firm has a market capitalization of $16,010.00, a price-to-earnings ratio of -7.36, a price-to-earnings-growth ratio of 32.75 and a beta of 2.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted ($0.23) earnings per share. The business’s revenue was up 26.5% compared to the same quarter last year. equities research analysts anticipate that Marathon Oil Co. will post -0.31 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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