Marathon Oil Co. (NYSE:MRO) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its holdings in Marathon Oil Co. (NYSE:MRO) by 26.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 208,287 shares of the oil and gas producer’s stock after selling 74,890 shares during the period. Quadrature Capital Ltd’s holdings in Marathon Oil were worth $5,903,000 as of its most recent filing with the SEC.

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

Marathon Oil Price Performance

MRO stock traded down $0.02 on Friday, hitting $27.87. 4,426,487 shares of the company’s stock traded hands, compared to its average volume of 5,573,268. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 11.52 and a beta of 2.19. The stock has a fifty day moving average of $27.95 and a 200-day moving average of $26.36. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, analysts forecast that Marathon Oil Co. will post 2.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Susquehanna boosted their target price on shares of Marathon Oil from $33.00 to $39.00 and gave the company a “positive” rating in a research note on Monday, July 22nd. Piper Sandler boosted their target price on shares of Marathon Oil from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Benchmark reissued a “buy” rating and set a $32.00 target price on shares of Marathon Oil in a research note on Friday, May 3rd. Truist Financial reduced their price target 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. Finally, Capital One Financial lowered shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.14.

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.