First Hawaiian Bank Acquires Shares of 10,491 Marathon Oil Co. (MRO)

First Hawaiian Bank acquired a new position in shares of Marathon Oil Co. (NYSE:MRO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,491 shares of the oil and gas producer’s stock, valued at approximately $178,000.

Several other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in Marathon Oil during the third quarter worth about $149,000. Glenview Trust Co lifted its holdings in Marathon Oil by 13.5% during the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after acquiring an additional 1,550 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in Marathon Oil during the third quarter worth about $159,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Marathon Oil by 21.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock worth $166,000 after acquiring an additional 2,486 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in Marathon Oil during the third quarter worth about $173,000. 80.50% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. BMO Capital Markets reiterated a “hold” rating and set a $21.00 target price on shares of Marathon Oil in a report on Thursday, January 11th. Credit Suisse Group assumed coverage on Marathon Oil in a report on Monday, December 11th. They set an “outperform” rating and a $20.00 target price on the stock. Jefferies Group reiterated a “hold” rating and set a $12.00 target price on shares of Marathon Oil in a report on Friday, October 6th. Atlantic Securities upgraded Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Finally, Stifel Nicolaus set a $10.00 target price on Marathon Oil and gave the stock a “hold” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. Marathon Oil presently has a consensus rating of “Hold” and a consensus price target of $16.84.

Shares of Marathon Oil Co. (NYSE MRO) opened at $18.24 on Wednesday. Marathon Oil Co. has a twelve month low of $10.55 and a twelve month high of $18.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) earnings per share. equities research analysts predict that Marathon Oil Co. will post -0.31 EPS for the current year.

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Marathon Oil Company Profile

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.

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

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