LS Investment Advisors LLC increased its position in shares of Marathon Oil Co. (NYSE:MRO) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,412 shares of the oil and gas producer’s stock after buying an additional 6,562 shares during the quarter. LS Investment Advisors LLC’s holdings in Marathon Oil were worth $407,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. bought a new position in Marathon Oil during the fourth quarter worth about $25,000. We Are One Seven LLC bought a new position in Marathon Oil during the fourth quarter worth about $42,000. Gemmer Asset Management LLC lifted its stake in Marathon Oil by 197.4% during the fourth quarter. Gemmer Asset Management LLC now owns 4,104 shares of the oil and gas producer’s stock worth $59,000 after purchasing an additional 2,724 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in Marathon Oil during the fourth quarter worth about $62,000. Finally, Csenge Advisory Group bought a new position in Marathon Oil during the third quarter worth about $92,000. 81.02% of the stock is currently owned by institutional investors and hedge funds.
MRO opened at $15.45 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.38. Marathon Oil Co. has a 52 week low of $12.57 and a 52 week high of $24.20. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of -40.66, a price-to-earnings-growth ratio of 2.50 and a beta of 2.22.
A number of brokerages recently weighed in on MRO. ValuEngine raised shares of Marathon Oil from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Morgan Stanley set a $20.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a report on Tuesday, January 29th. Capital One Financial lowered shares of Marathon Oil from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 23rd. Barclays set a $23.00 price target on shares of Marathon Oil and gave the company a “buy” rating in a report on Wednesday, January 16th. Finally, Raymond James set a $24.00 price target on shares of Marathon Oil and gave the company a “buy” rating in a report on Sunday, December 30th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.99.
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Marathon Oil 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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