Davidson Investment Advisors increased its holdings in shares of Marathon Oil Corporation (NYSE:MRO) by 101.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 586,287 shares of the oil and gas producer’s stock after purchasing an additional 294,932 shares during the period. Davidson Investment Advisors owned 0.07% of Marathon Oil Corporation worth $7,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Eastern Bank lifted its holdings in Marathon Oil Corporation by 0.6% in the 2nd quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock worth $254,000 after buying an additional 135 shares in the last quarter. Freestone Capital Holdings LLC lifted its holdings in Marathon Oil Corporation by 1.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock worth $168,000 after buying an additional 150 shares in the last quarter. Berkshire Asset Management LLC PA lifted its holdings in Marathon Oil Corporation by 0.8% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock worth $304,000 after buying an additional 200 shares in the last quarter. Blair William & Co. IL lifted its holdings in Marathon Oil Corporation by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock worth $215,000 after buying an additional 234 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Marathon Oil Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 81,334 shares of the oil and gas producer’s stock worth $964,000 after buying an additional 257 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

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MRO has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price objective on shares of Marathon Oil Corporation in a report on Thursday, October 19th. Royal Bank Of Canada set a $16.00 price objective on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a report on Wednesday, October 11th. Scotiabank restated a “buy” rating and issued a $19.00 target price on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Finally, Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.42.

Marathon Oil Corporation (NYSE:MRO) traded up $0.36 on Thursday, reaching $14.88. 20,229,639 shares of the company traded hands, compared to its average volume of 13,448,866. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.

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 consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. Marathon Oil Corporation’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) earnings per share. sell-side analysts predict that Marathon Oil Corporation will post -0.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.34%. Marathon Oil Corporation’s dividend payout ratio (DPR) is -2.40%.

About Marathon Oil Corporation

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)

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