State Treasurer State of Michigan lessened its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 249,040 shares of the oil and gas producer’s stock after selling 8,900 shares during the period. State Treasurer State of Michigan’s holdings in Marathon Oil were worth $4,216,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MRO. Wendell David Associates Inc. bought a new stake in Marathon Oil in the 3rd quarter valued at approximately $600,000. State Street Corp lifted its stake in Marathon Oil by 2.8% in the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after acquiring an additional 1,350,863 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Marathon Oil in the 2nd quarter valued at approximately $392,000. Gotham Asset Management LLC bought a new stake in Marathon Oil in the 2nd quarter valued at approximately $4,331,000. Finally, United Asset Strategies Inc. bought a new stake in Marathon Oil in the 3rd quarter valued at approximately $446,000. Institutional investors and hedge funds own 80.52% of the company’s stock.
Marathon Oil Co. (NYSE MRO) opened at $16.33 on Thursday. The firm has a market capitalization of $14,639.70, a P/E ratio of -1.96, a price-to-earnings-growth ratio of 5.20 and a beta of 2.35. Marathon Oil Co. has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09.
MRO has been the topic of several research reports. Atlantic Securities upgraded Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, November 6th. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, January 4th. Barclays boosted their target price on Marathon Oil from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Finally, Citigroup cut Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.91.
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Marathon Oil 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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