Teachers Retirement System of The State of Kentucky Acquires New Holdings in Marathon Oil Co. (NYSE:MRO)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Marathon Oil Co. (NYSE:MROGet Rating) during the third quarter, HoldingsChannel reports. The firm acquired 261,890 shares of the oil and gas producer’s stock, valued at approximately $5,914,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Marathon Oil by 0.8% during the first quarter. State Street Corp now owns 48,341,531 shares of the oil and gas producer’s stock valued at $1,213,856,000 after purchasing an additional 392,821 shares in the last quarter. Northern Trust Corp raised its stake in shares of Marathon Oil by 15.4% during the second quarter. Northern Trust Corp now owns 9,050,291 shares of the oil and gas producer’s stock valued at $203,450,000 after purchasing an additional 1,209,296 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Marathon Oil by 1,220.4% during the first quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock valued at $219,828,000 after purchasing an additional 8,091,570 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Marathon Oil by 60.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,739,802 shares of the oil and gas producer’s stock worth $194,346,000 after acquiring an additional 2,904,140 shares during the period. Finally, First Trust Advisors LP grew its holdings in Marathon Oil by 35.3% during the first quarter. First Trust Advisors LP now owns 7,026,775 shares of the oil and gas producer’s stock worth $176,442,000 after acquiring an additional 1,835,182 shares during the period. 77.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MRO has been the topic of a number of research analyst reports. Morgan Stanley raised Marathon Oil from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $27.00 to $28.00 in a report on Tuesday, January 24th. Barclays lifted their target price on Marathon Oil from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, December 7th. The Goldman Sachs Group lifted their target price on Marathon Oil from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Wednesday, November 23rd. StockNews.com initiated coverage on Marathon Oil in a report on Thursday. They set a “hold” rating on the stock. Finally, Evercore ISI began coverage on Marathon Oil in a report on Thursday, January 5th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.88.

Marathon Oil Trading Down 3.7 %

NYSE:MRO opened at $21.20 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.72 and a quick ratio of 0.67. Marathon Oil Co. has a fifty-two week low of $19.42 and a fifty-two week high of $33.42. The stock’s 50-day moving average is $26.11 and its two-hundred day moving average is $27.22. The stock has a market cap of $13.35 billion, a PE ratio of 4.08, a price-to-earnings-growth ratio of 0.30 and a beta of 2.38.

Marathon Oil (NYSE:MROGet Rating) last released its earnings results on Thursday, February 16th. The oil and gas producer reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. Marathon Oil had a return on equity of 27.07% and a net margin of 44.95%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Oil Co. will post 3.48 earnings per share for the current fiscal year.

Marathon Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, February 14th. Marathon Oil’s payout ratio is currently 7.71%.

Marathon Oil Profile

(Get Rating)

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.

See Also

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

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