Marathon Oil Co. (NYSE:MRO) Stock Position Lifted by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC grew its position in shares of Marathon Oil Co. (NYSE:MRO) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,378 shares of the oil and gas producer’s stock after buying an additional 909 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Marathon Oil were worth $407,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blair William & Co. IL raised its position in shares of Marathon Oil by 5.5% during the 1st quarter. Blair William & Co. IL now owns 15,654 shares of the oil and gas producer’s stock worth $444,000 after purchasing an additional 812 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of Marathon Oil by 50.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 13,392 shares of the oil and gas producer’s stock worth $380,000 after acquiring an additional 4,511 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Marathon Oil by 19.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer’s stock worth $20,285,000 after acquiring an additional 117,061 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Marathon Oil by 12.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 926,348 shares of the oil and gas producer’s stock worth $26,253,000 after acquiring an additional 103,495 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Marathon Oil by 13.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,519 shares of the oil and gas producer’s stock worth $496,000 after acquiring an additional 2,037 shares in the last quarter. Institutional investors own 77.24% of the company’s stock.

Marathon Oil Price Performance

Shares of NYSE MRO traded down $0.54 during trading hours on Friday, hitting $28.72. 3,729,018 shares of the stock were exchanged, compared to its average volume of 9,411,610. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.55. The company has a market cap of $16.20 billion, a PE ratio of 11.87 and a beta of 2.19. The company’s fifty day simple moving average is $27.79 and its two-hundred day simple moving average is $26.22. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business posted $0.67 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts predict that Marathon Oil Co. will post 2.86 EPS for the current year.

Marathon Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.11 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. Marathon Oil’s dividend payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com started coverage on Marathon Oil in a research report on Thursday. They issued a “buy” rating for the company. Stifel Nicolaus dropped their price objective on Marathon Oil from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Capital One Financial downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group lifted their target price on Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, Barclays assumed coverage on Marathon Oil in a report on Wednesday, April 10th. They set an “overweight” rating and a $35.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.81.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.