Marathon Oil Co. (MRO) Position Lifted by Spirit of America Management Corp NY

Spirit of America Management Corp NY lifted its stake in Marathon Oil Co. (NYSE:MRO) by 34.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 242,433 shares of the oil and gas producer’s stock after acquiring an additional 62,247 shares during the period. Spirit of America Management Corp NY’s holdings in Marathon Oil were worth $4,051,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MRO. LPL Financial LLC raised its stake in shares of Marathon Oil by 17.2% in the 3rd quarter. LPL Financial LLC now owns 126,969 shares of the oil and gas producer’s stock valued at $2,956,000 after acquiring an additional 18,650 shares in the last quarter. Pacer Advisors Inc. increased its position in Marathon Oil by 43.0% in the 3rd quarter. Pacer Advisors Inc. now owns 55,985 shares of the oil and gas producer’s stock worth $1,303,000 after buying an additional 16,824 shares during the period. Vident Investment Advisory LLC increased its position in Marathon Oil by 85.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 66,428 shares of the oil and gas producer’s stock worth $1,547,000 after buying an additional 30,516 shares during the period. Man Group plc increased its position in Marathon Oil by 75.1% in the 3rd quarter. Man Group plc now owns 401,676 shares of the oil and gas producer’s stock worth $9,351,000 after buying an additional 172,288 shares during the period. Finally, Mackenzie Financial Corp increased its position in Marathon Oil by 242.1% in the 3rd quarter. Mackenzie Financial Corp now owns 38,434 shares of the oil and gas producer’s stock worth $895,000 after buying an additional 27,198 shares during the period. 81.63% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on MRO. Barclays set a $23.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Argus dropped their price target on Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 25th. Capital One Financial downgraded Marathon Oil from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $20.00 price target on Marathon Oil and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Finally, TheStreet raised Marathon Oil from a “c+” rating to a “b-” rating in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.27.

Shares of MRO traded up $0.17 on Wednesday, reaching $17.64. 3,382,653 shares of the stock traded hands, compared to its average volume of 11,016,278. The stock has a market cap of $14.32 billion, a PE ratio of 24.84, a P/E/G ratio of 3.35 and a beta of 2.25. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 12 month low of $12.57 and a 12 month high of $24.20.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. Marathon Oil’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. Equities analysts forecast that Marathon Oil Co. will post 0.49 earnings per share for the current fiscal year.

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About Marathon Oil

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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