Marathon Oil Co. (MRO) Holdings Trimmed by DNB Asset Management AS

DNB Asset Management AS trimmed its position in Marathon Oil Co. (NYSE:MRO) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,462 shares of the oil and gas producer’s stock after selling 7,647 shares during the quarter. DNB Asset Management AS’s holdings in Marathon Oil were worth $1,679,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Legacy Financial Advisors Inc. acquired a new position in shares of Marathon Oil in the 4th quarter worth approximately $25,000. Executive Wealth Management LLC purchased a new position in shares of Marathon Oil in the 4th quarter valued at $27,000. JNBA Financial Advisors purchased a new position in shares of Marathon Oil in the 4th quarter valued at $29,000. We Are One Seven LLC purchased a new position in shares of Marathon Oil in the 4th quarter valued at $42,000. Finally, Pinnacle Bank purchased a new position in shares of Marathon Oil in the 4th quarter valued at $42,000. Institutional investors own 81.63% of the company’s stock.

Shares of NYSE MRO opened at $17.74 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 52 week low of $12.57 and a 52 week high of $24.20. The stock has a market capitalization of $14.32 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.35 and a beta of 2.25.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Marathon Oil had a net margin of 16.65% and a return on equity of 4.97%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. As a group, research analysts anticipate that Marathon Oil Co. will post 0.49 EPS for the current fiscal year.

A number of research firms recently commented on MRO. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday. Royal Bank of Canada raised shares of Marathon Oil from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $22.00 to $23.00 in a research report on Tuesday. Barclays lowered their price objective on shares of Marathon Oil from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. TheStreet raised shares of Marathon Oil from a “c+” rating to a “b-” rating in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Marathon Oil in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.27.

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Marathon Oil 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 and International. 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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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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