Robeco Institutional Asset Management B.V. Has $11.69 Million Position in Marathon Oil Co. (NYSE:MRO)

Robeco Institutional Asset Management B.V. cut its stake in Marathon Oil Co. (NYSE:MRO – Get Rating) by 11.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 517,701 shares of the oil and gas producer’s stock after selling 68,424 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Marathon Oil were worth $11,690,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MRO. HWG Holdings LP bought a new stake in Marathon Oil in the third quarter valued at approximately $25,000. Ronald Blue Trust Inc. bought a new stake in Marathon Oil in the second quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its holdings in Marathon Oil by 39.9% in the third quarter. Jones Financial Companies Lllp now owns 1,379 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 393 shares during the last quarter. Brown Brothers Harriman & Co. boosted 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 worth $34,000 after buying an additional 647 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Marathon Oil during the 3rd quarter worth approximately $35,000. 77.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James increased their price target on Marathon Oil from $37.00 to $48.00 and gave the stock a “strong-buy” rating in a report on Monday, November 28th. Mizuho restated a “neutral” rating and set a $32.00 price target on shares of Marathon Oil in a report on Tuesday, January 10th. Wells Fargo & Company cut their price target on Marathon Oil from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, February 21st. Evercore ISI assumed coverage on Marathon Oil in a report on Thursday, January 5th. They set an “outperform” rating on the stock. Finally, Piper Sandler cut their target price on Marathon Oil from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, January 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.88.

Marathon Oil Trading Down 3.7 %

NYSE MRO opened at $21.20 on Friday. The firm has a market capitalization of $13.35 billion, a P/E ratio of 4.08, a PEG ratio of 0.27 and a beta of 2.38. The business has a fifty day simple moving average of $26.11 and a 200 day simple moving average of $27.24. Marathon Oil Co. has a 12 month low of $19.42 and a 12 month high of $33.42. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

Marathon Oil (NYSE:MRO – Get Rating) last released its quarterly earnings results 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 return on equity of 27.07% and a net margin of 44.95%. Marathon Oil’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, analysts predict that Marathon Oil Co. will post 3.48 EPS for the current fiscal year.

Marathon Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Wednesday, February 15th were given a $0.10 dividend. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 14th. Marathon Oil’s dividend 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.