Marathon Oil Co. (NYSE:MRO) Shares Sold by Bokf Na

Bokf Na lessened its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,000 shares of the oil and gas producer’s stock after selling 20,039 shares during the period. Bokf Na’s holdings in Marathon Oil were worth $2,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Marathon Oil by 9.9% during the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after acquiring an additional 6,835,604 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Marathon Oil by 24.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock valued at $468,428,000 after purchasing an additional 3,795,020 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Marathon Oil by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,186,365 shares of the oil and gas producer’s stock valued at $197,801,000 after purchasing an additional 556,566 shares during the last quarter. LSV Asset Management grew its holdings in Marathon Oil by 16.4% in the first quarter. LSV Asset Management now owns 5,850,613 shares of the oil and gas producer’s stock valued at $165,806,000 after purchasing an additional 825,813 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Marathon Oil by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,136,561 shares of the oil and gas producer’s stock valued at $124,099,000 after purchasing an additional 18,125 shares during the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Piper Sandler upped their target price on Marathon Oil from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Benchmark reaffirmed a “buy” rating and set a $32.00 price objective on shares of Marathon Oil in a research note on Friday, May 3rd. 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. Capital One Financial lowered Marathon Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Finally, Barclays initiated coverage on Marathon Oil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $35.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Oil currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

Marathon Oil Stock Performance

Shares of MRO traded down $0.02 during mid-day trading on Friday, hitting $27.87. The stock had a trading volume of 4,426,487 shares, compared to its average volume of 5,573,268. The company has a market cap of $15.72 billion, a PE ratio of 11.52 and a beta of 2.19. The company’s fifty day simple moving average is $27.95 and its two-hundred day simple moving average is $26.36. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41. Marathon Oil Co. has a fifty-two week low of $21.81 and a fifty-two 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 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. On average, equities analysts expect that Marathon Oil Co. will post 2.79 earnings per share for the current year.

About Marathon Oil

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.