Epoch Investment Partners Inc. Has $52.13 Million Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Epoch Investment Partners Inc. grew its holdings in Marathon Oil Co. (NYSE:MRO) by 25.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,839,607 shares of the oil and gas producer’s stock after acquiring an additional 371,642 shares during the period. Epoch Investment Partners Inc.’s holdings in Marathon Oil were worth $52,134,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Oak Thistle LLC acquired a new position in shares of Marathon Oil in the 4th quarter valued at $1,440,000. Victory Capital Management Inc. raised its stake in shares of Marathon Oil by 127.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer’s stock valued at $61,067,000 after buying an additional 1,415,639 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Marathon Oil by 374.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 73,592 shares of the oil and gas producer’s stock valued at $1,778,000 after buying an additional 58,081 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Marathon Oil by 137.1% during the 4th quarter. Corient Private Wealth LLC now owns 304,331 shares of the oil and gas producer’s stock worth $7,353,000 after purchasing an additional 175,964 shares in the last quarter. Finally, Blackstone Inc. increased its position in shares of Marathon Oil by 23.1% during the 4th quarter. Blackstone Inc. now owns 79,901 shares of the oil and gas producer’s stock worth $1,930,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Analysts Set New Price Targets

MRO has been the subject of a number of recent analyst reports. Truist Financial dropped 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 report on Monday, May 6th. Capital One Financial cut shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 5th. StockNews.com initiated coverage on shares of Marathon Oil in a research report on Friday. They set a “buy” rating for the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $29.00 target price (down previously from $38.00) on shares of Marathon Oil in a research report on Friday, May 31st. Finally, Benchmark reiterated a “buy” rating and set a $32.00 target price on shares of Marathon Oil in a research report on Friday, May 3rd. Eight 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.14.

Marathon Oil Price Performance

NYSE:MRO traded down $0.02 during mid-day trading on Friday, reaching $27.87. 4,426,487 shares of the company were exchanged, compared to its average volume of 5,573,268. The stock has a market cap of $15.72 billion, a PE ratio of 11.52 and a beta of 2.19. 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 12 month low of $21.81 and a 12 month high of $30.06. The company has a fifty day moving average of $27.95 and a 200 day moving average of $26.36.

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, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. On average, research analysts anticipate that Marathon Oil Co. will post 2.79 EPS for the current fiscal year.

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.