Marathon Oil Co. (NYSE:MRO) Holdings Trimmed by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its position in shares of Marathon Oil Co. (NYSE:MRO – Get Rating) by 49.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 16,962 shares of the oil and gas producer’s stock after selling 16,482 shares during the quarter. Engineers Gate Manager LP’s holdings in Marathon Oil were worth $383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in Marathon Oil during the 3rd quarter worth approximately $25,000. Ronald Blue Trust Inc. purchased a new position in shares of Marathon Oil during the 2nd quarter valued at $30,000. Brown Brothers Harriman & Co. grew its holdings in shares of Marathon Oil by 90.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 647 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Marathon Oil by 39.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,379 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 393 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Marathon Oil by 76.6% in the 1st quarter. Covestor Ltd now owns 1,427 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 619 shares during the last quarter. 77.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MRO. Citigroup reduced their price objective on shares of Marathon Oil from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, February 23rd. Piper Sandler reduced their price objective on shares of Marathon Oil from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 13th. Barclays lifted their price objective on shares of Marathon Oil from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, December 7th. Wells Fargo & Company reduced their price objective on shares of Marathon Oil from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, February 21st. Finally, Benchmark raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Marathon Oil has a consensus rating of “Moderate Buy” and a consensus price target of $33.88.

Marathon Oil Stock Down 4.3 %

Shares of MRO opened at $22.95 on Tuesday. The company has a 50-day simple moving average of $26.43 and a 200-day simple moving average of $27.36. The firm has a market capitalization of $14.45 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.30 and a beta of 2.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.72. Marathon Oil Co. has a 52 week low of $19.42 and a 52 week high of $33.42.

Marathon Oil (NYSE:MRO – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The oil and gas producer reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. Marathon Oil had a net margin of 44.95% and a return on equity of 27.07%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, equities research analysts expect that Marathon Oil Co. will post 3.48 earnings per share for the current year.

Marathon Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Wednesday, February 15th were paid a $0.10 dividend. The ex-dividend date was Tuesday, February 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. This is a boost from Marathon Oil’s previous quarterly dividend of $0.09. Marathon Oil’s payout ratio is presently 7.71%.

Marathon Oil Company Profile

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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.