Marathon Oil Co. (NYSE:MRO) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in Marathon Oil Co. (NYSE:MRO) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,960 shares of the oil and gas producer’s stock after selling 30,804 shares during the period. Public Employees Retirement System of Ohio’s holdings in Marathon Oil were worth $7,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of Marathon Oil in the 1st quarter worth approximately $27,000. Benjamin Edwards Inc. raised its stake in shares of Marathon Oil by 226.0% during the 1st quarter. Benjamin Edwards Inc. now owns 978 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 678 shares during the last quarter. Fortis Group Advisors LLC boosted its position in shares of Marathon Oil by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 618 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Marathon Oil in the 4th quarter valued at about $31,000. Finally, Scarborough Advisors LLC purchased a new position in Marathon Oil during the 4th quarter valued at about $35,000. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Trading Up 0.7 %

MRO stock traded up $0.19 during trading on Tuesday, reaching $27.64. 243,260 shares of the stock traded hands, compared to its average volume of 9,146,016. The firm has a market capitalization of $15.59 billion, a PE ratio of 11.44 and a beta of 2.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48. The business’s 50 day moving average price is $27.97 and its 200-day moving average price is $26.42. Marathon Oil Co. has a 52-week low of $21.81 and a 52-week high of $30.06.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Oil Co. will post 2.79 earnings per share for the current year.

Wall Street Analyst Weigh In

MRO has been the topic of several recent research reports. Barclays began coverage on shares of Marathon Oil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $35.00 price target on the stock. Capital One Financial cut Marathon Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. StockNews.com assumed coverage on Marathon Oil in a report on Friday. They issued a “buy” rating for the company. Morgan Stanley increased their price objective on Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Truist Financial cut their target price on shares of Marathon Oil from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

Marathon Oil Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.