Advisor Group Inc. boosted its holdings in shares of Marathon Oil Corporation (NYSE:MRO) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the oil and gas producer’s stock after acquiring an additional 8,195 shares during the quarter. Advisor Group Inc.’s holdings in Marathon Oil Corporation were worth $1,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dupont Capital Management Corp bought a new stake in Marathon Oil Corporation during the 2nd quarter worth approximately $122,000. JFS Wealth Advisors LLC grew its holdings in Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 2,693 shares during the last quarter. IBM Retirement Fund bought a new stake in Marathon Oil Corporation during the 2nd quarter worth approximately $149,000. Zweig DiMenna Associates LLC bought a new stake in Marathon Oil Corporation during the 2nd quarter worth approximately $150,000. Finally, Glenview Trust Co grew its holdings in Marathon Oil Corporation by 13.5% during the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after acquiring an additional 1,550 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

MRO has been the topic of a number of analyst reports. Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective on the stock. in a research note on Monday, August 7th. Scotiabank reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Piper Jaffray Companies set a $20.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. KLR Group reaffirmed a “buy” rating and issued a $23.00 price objective (up from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. Finally, Societe Generale raised shares of Marathon Oil Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.34.

ILLEGAL ACTIVITY NOTICE: “Advisor Group Inc. Boosts Holdings in Marathon Oil Corporation (MRO)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/11/20/advisor-group-inc-boosts-holdings-in-marathon-oil-corporation-mro.html.

Marathon Oil Corporation (NYSE MRO) opened at $15.05 on Monday. 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.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. research analysts expect that Marathon Oil Corporation will post -0.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. Marathon Oil Corporation’s payout ratio is -2.40%.

Marathon Oil Corporation 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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.