MetLife Investment Advisors LLC Sells 5,042 Shares of Marathon Oil Co. (NYSE:MRO)

MetLife Investment Advisors LLC cut its position in shares of Marathon Oil Co. (NYSE:MRO) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 232,683 shares of the oil and gas producer’s stock after selling 5,042 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Marathon Oil were worth $3,888,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MRO. Nordea Investment Management AB lifted its stake in shares of Marathon Oil by 4.6% in the 1st quarter. Nordea Investment Management AB now owns 497,723 shares of the oil and gas producer’s stock valued at $8,319,000 after purchasing an additional 21,957 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Marathon Oil by 62.6% in the 1st quarter. EP Wealth Advisors LLC now owns 815,052 shares of the oil and gas producer’s stock valued at $13,620,000 after purchasing an additional 313,874 shares during the period. Allstate Corp lifted its stake in shares of Marathon Oil by 3.2% in the 1st quarter. Allstate Corp now owns 178,628 shares of the oil and gas producer’s stock valued at $2,985,000 after purchasing an additional 5,609 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Marathon Oil by 1,221.0% in the 1st quarter. Marshall Wace North America L.P. now owns 3,660,636 shares of the oil and gas producer’s stock valued at $61,170,000 after purchasing an additional 3,383,518 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Marathon Oil in the 1st quarter valued at about $1,308,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Shares of Marathon Oil stock traded up $0.27 during trading hours on Friday, reaching $13.92. The company had a trading volume of 7,002,787 shares, compared to its average volume of 9,028,754. Marathon Oil Co. has a one year low of $12.57 and a one year high of $24.20. The business has a fifty day moving average price of $13.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.28 and a beta of 2.24.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was down 30.9% on a year-over-year basis. As a group, equities research analysts predict that Marathon Oil Co. will post 0.78 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on MRO shares. Morgan Stanley raised Ascential to an “overweight” rating and set a GBX 400 ($5.23) price target on the stock in a research note on Friday. Barclays set a $325.00 price target on Align Technology and gave the stock a “buy” rating in a research note on Thursday, April 11th. Seaport Global Securities reaffirmed a “buy” rating on shares of W&T Offshore in a research note on Friday, June 21st. TheStreet downgraded Upland Software from a “b-” rating to a “c+” rating in a research note on Wednesday. Finally, Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.45.

Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

Further Reading: Why do corrections happen?

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

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.