Russell Investments Group Ltd. raised its position in shares of Marathon Oil Corporation (NYSE:MRO) by 39.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,534,071 shares of the oil and gas producer’s stock after acquiring an additional 436,606 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Marathon Oil worth $20,788,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Deprince Race & Zollo Inc. raised its holdings in Marathon Oil by 16.0% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 146,580 shares of the oil and gas producer’s stock worth $1,988,000 after acquiring an additional 20,220 shares during the last quarter. Comerica Bank raised its holdings in Marathon Oil by 2.6% in the 3rd quarter. Comerica Bank now owns 284,165 shares of the oil and gas producer’s stock worth $4,023,000 after acquiring an additional 7,132 shares during the last quarter. TCW Group Inc. purchased a new position in Marathon Oil in the 3rd quarter worth approximately $629,000. Rhumbline Advisers raised its stake in Marathon Oil by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 1,487,811 shares of the oil and gas producer’s stock valued at $20,175,000 after buying an additional 5,635 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Marathon Oil by 10.8% during the 3rd quarter. Advisor Group Inc. now owns 84,000 shares of the oil and gas producer’s stock valued at $1,140,000 after buying an additional 8,195 shares during the last quarter. 80.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Marathon Oil Corporation (NYSE MRO) traded down $0.41 during trading hours on Wednesday, hitting $14.47. 4,721,225 shares of the company were exchanged, compared to its average volume of 13,432,226. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Corporation has a 1 year low of $10.55 and a 1 year high of $19.28.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, November 14th. Marathon Oil’s dividend payout ratio (DPR) is currently -2.40%.
A number of brokerages have weighed in on MRO. Jefferies Group reiterated a “hold” rating and set a $12.00 target price on shares of Marathon Oil in a research note on Friday, October 6th. KLR Group reiterated a “buy” rating and set a $23.00 target price (up from $21.00) on shares of Marathon Oil in a research note on Wednesday, August 9th. BidaskClub lowered Marathon Oil from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. BMO Capital Markets restated a “hold” rating and issued a $18.00 price objective on shares of Marathon Oil in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Marathon Oil presently has an average rating of “Hold” and an average price target of $16.90.
Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.