KBC Group NV Has $1.09 Million Holdings in Marathon Oil Co. (MRO)

KBC Group NV trimmed its position in shares of Marathon Oil Co. (NYSE:MRO) by 15.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,905 shares of the oil and gas producer’s stock after selling 13,981 shares during the period. KBC Group NV’s holdings in Marathon Oil were worth $1,088,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MRO. Bridgeway Capital Management Inc. acquired a new position in Marathon Oil during the 3rd quarter valued at about $66,744,000. Janus Henderson Group PLC boosted its stake in Marathon Oil by 182.2% during the 3rd quarter. Janus Henderson Group PLC now owns 4,373,712 shares of the oil and gas producer’s stock valued at $101,822,000 after purchasing an additional 2,823,849 shares during the period. Panagora Asset Management Inc. boosted its stake in Marathon Oil by 50.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 8,272,613 shares of the oil and gas producer’s stock valued at $192,586,000 after purchasing an additional 2,759,888 shares during the period. Caymus Capital Partners L.P. acquired a new position in Marathon Oil during the 3rd quarter valued at about $60,754,000. Finally, Senator Investment Group LP acquired a new position in Marathon Oil during the 3rd quarter valued at about $46,560,000. 81.02% of the stock is owned by hedge funds and other institutional investors.

MRO stock opened at $15.45 on Wednesday. Marathon Oil Co. has a 52 week low of $12.57 and a 52 week high of $24.20. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of -40.66, a P/E/G ratio of 2.50 and a beta of 2.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.43.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. Marathon Oil’s payout ratio is currently -52.63%.

A number of analysts have commented on MRO shares. Barclays set a $23.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research report on Wednesday, January 16th. SunTrust Banks started coverage on shares of Marathon Oil in a research report on Monday, December 17th. They set a “buy” rating and a $25.00 price target on the stock. Mizuho upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Friday, October 19th. Capital One Financial downgraded shares of Marathon Oil from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 23rd. Finally, Morgan Stanley set a $20.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.99.

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Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. 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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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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