Caisse DE Depot ET Placement DU Quebec Has $1.49 Million Stake in Marathon Oil Co. (MRO)
Caisse DE Depot ET Placement DU Quebec grew its stake in Marathon Oil Co. (NYSE:MRO) by 13.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,400 shares of the oil and gas producer’s stock after purchasing an additional 12,900 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Marathon Oil were worth $1,490,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Dupont Capital Management Corp purchased a new position in Marathon Oil during the 2nd quarter worth $122,000. Mackenzie Financial Corp purchased a new position in shares of Marathon Oil in the 3rd quarter valued at $149,000. Zweig DiMenna Associates LLC purchased a new position in shares of Marathon Oil in the 2nd quarter valued at $150,000. Intact Investment Management Inc. purchased a new position in shares of Marathon Oil in the 3rd quarter valued at $173,000. Finally, Glenview Trust Co boosted its position in shares of Marathon Oil by 13.5% in the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 1,550 shares in the last quarter. 80.65% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on MRO shares. Jefferies Group reissued a “hold” rating and issued a $14.00 price objective on shares of Marathon Oil in a research report on Thursday, October 19th. Royal Bank of Canada set a $16.00 price target on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Barclays boosted their price objective on Marathon Oil from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. BMO Capital Markets set a $17.00 price objective on Marathon Oil and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Morgan Stanley set a $15.00 price objective on Marathon Oil and gave the company a “hold” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.75.
Marathon Oil Co. (NYSE:MRO) traded up $0.02 during trading hours on Thursday, reaching $15.20. The company’s stock had a trading volume of 14,765,400 shares, compared to its average volume of 13,359,822. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Co. has a one year low of $10.55 and a one year high of $19.02.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned ($0.23) earnings per share. The company’s revenue was up 26.5% on a year-over-year basis. analysts anticipate that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, November 14th. Marathon Oil’s dividend payout ratio is currently -2.40%.
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Marathon Oil Company Profile
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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