Marathon Oil Co. (MRO) Holdings Cut by Wilks Brothers LLC
Wilks Brothers LLC lessened its holdings in Marathon Oil Co. (NYSE:MRO) by 17.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,156,080 shares of the oil and gas producer’s stock after selling 248,182 shares during the quarter. Marathon Oil accounts for 3.2% of Wilks Brothers LLC’s investment portfolio, making the stock its 12th largest position. Wilks Brothers LLC owned approximately 0.14% of Marathon Oil worth $26,914,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Atlas Capital Advisors LLC grew its stake in Marathon Oil by 31.1% in the 3rd quarter. Atlas Capital Advisors LLC now owns 22,525 shares of the oil and gas producer’s stock valued at $540,000 after purchasing an additional 5,345 shares during the period. Fosun International Ltd bought a new position in Marathon Oil in the 3rd quarter valued at $202,000. Trillium Asset Management LLC grew its stake in shares of Marathon Oil by 1.9% during the 3rd quarter. Trillium Asset Management LLC now owns 154,341 shares of the oil and gas producer’s stock worth $3,593,000 after acquiring an additional 2,851 shares during the period. Janus Henderson Group PLC grew its stake in shares of Marathon Oil by 182.2% during the 3rd quarter. Janus Henderson Group PLC now owns 4,373,712 shares of the oil and gas producer’s stock worth $101,822,000 after acquiring an additional 2,823,849 shares during the period. Finally, Artemis Investment Management LLP bought a new position in shares of Marathon Oil during the 3rd quarter worth $6,442,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.
Several research analysts have recently weighed in on MRO shares. Morgan Stanley increased their price target on Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. BMO Capital Markets set a $22.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Monday, November 12th. ValuEngine upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. TheStreet upgraded Marathon Oil from a “c” rating to a “b-” rating in a research note on Wednesday, November 7th. Finally, JPMorgan Chase & Co. set a $27.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and a consensus target price of $24.20.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) EPS. As a group, research analysts expect that Marathon Oil Co. will post 0.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.17%. Marathon Oil’s dividend payout ratio (DPR) is -52.63%.
In related news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the sale, the vice president now owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.
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Marathon Oil Company Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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