Marathon Oil Co. (NYSE:MRO) Shares Sold by BlackRock Inc.
BlackRock Inc. cut its stake in shares of Marathon Oil Co. (NYSE:MRO) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,835,520 shares of the oil and gas producer’s stock after selling 18,259,512 shares during the quarter. BlackRock Inc. owned about 9.40% of Marathon Oil worth $1,351,616,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Marathon Oil in the 4th quarter valued at about $117,000. FTB Advisors Inc. lifted its holdings in Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 2,687 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in Marathon Oil by 114.3% in the 4th quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock valued at $175,000 after purchasing an additional 5,526 shares in the last quarter. First Hawaiian Bank purchased a new position in Marathon Oil in the 4th quarter valued at about $178,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Marathon Oil during the 3rd quarter valued at about $149,000. 81.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Marathon Oil Co. (NYSE MRO) traded up $0.04 on Thursday, reaching $14.91. The company had a trading volume of 10,797,980 shares, compared to its average volume of 14,100,000. Marathon Oil Co. has a 52-week low of $10.55 and a 52-week high of $19.52. The company has a market capitalization of $12,670.00, a PE ratio of -14.62, a PEG ratio of 3.05 and a beta of 2.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.24.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is presently -19.61%.
A number of research analysts have recently commented on MRO shares. Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Bank of America raised shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, January 4th. Morgan Stanley increased their target price on shares of Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, January 15th. Finally, JPMorgan Chase & Co. raised shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Marathon Oil has a consensus rating of “Hold” and an average target price of $18.23.
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About Marathon Oil
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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