American International Group Inc. Trimmeds Holding in Marathon Oil Co. (MRO)

American International Group Inc. Trimmeds Holding in Marathon Oil Co. (MRO)

American International Group Inc. decreased its position in Marathon Oil Co. (NYSE:MRO) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 488,019 shares of the oil and gas producer’s stock after selling 3,351 shares during the period. American International Group Inc.’s holdings in Marathon Oil were worth $7,711,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of MRO. Boston Partners boosted its stake in shares of Marathon Oil by 417.2% in the third quarter. Boston Partners now owns 37,738,524 shares of the oil and gas producer’s stock worth $596,646,000 after buying an additional 30,442,089 shares in the last quarter. Norges Bank acquired a new stake in shares of Marathon Oil during the fourth quarter worth $135,529,000. Renaissance Technologies LLC acquired a new stake in shares of Marathon Oil during the fourth quarter worth $49,883,000. State Street Corp boosted its stake in shares of Marathon Oil by 3.6% in the fourth quarter. State Street Corp now owns 47,900,778 shares of the oil and gas producer’s stock worth $829,173,000 after buying an additional 1,643,089 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Marathon Oil by 1,625.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,363,492 shares of the oil and gas producer’s stock worth $23,629,000 after buying an additional 1,284,469 shares in the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.

Marathon Oil Co. (MRO) traded down 3.13% during trading on Friday, reaching $12.69. 9,683,977 shares of the company’s stock traded hands. The company has a 50-day moving average of $14.58 and a 200 day moving average of $16.18. Marathon Oil Co. has a 12 month low of $12.22 and a 12 month high of $19.28. The stock’s market capitalization is $10.79 billion.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. Marathon Oil had a negative net margin of 32.98% and a negative return on equity of 4.91%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. Marathon Oil’s revenue for the quarter was up 88.1% compared to the same quarter last year. On average, equities research analysts expect that Marathon Oil Co. will post ($0.19) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Wednesday, May 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, May 15th. Marathon Oil’s dividend payout ratio (DPR) is presently -9.26%.

MRO has been the subject of a number of recent research reports. Barclays PLC reiterated a “hold” rating and set a $15.00 price target (down previously from $17.00) on shares of Marathon Oil in a research note on Thursday, April 20th. Bank of America Corp cut shares of Marathon Oil from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $22.00 in a research note on Thursday, May 11th. Vetr upgraded shares of Marathon Oil from a “buy” rating to a “strong-buy” rating and set a $18.08 price objective for the company in a research report on Friday, April 14th. Scotiabank restated a “buy” rating and set a $25.00 price objective on shares of Marathon Oil in a research report on Wednesday, March 22nd. Finally, KLR Group upped their price objective on shares of Marathon Oil from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Marathon Oil presently has a consensus rating of “Hold” and a consensus price target of $19.38.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MRO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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