Welch & Forbes LLC lowered its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 37.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,675 shares of the oil and gas producer’s stock after selling 7,600 shares during the period. Welch & Forbes LLC’s holdings in Marathon Oil were worth $172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Marathon Oil by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after buying an additional 1,808,213 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Marathon Oil by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock valued at $739,367,000 after buying an additional 693,366 shares during the last quarter. State Street Corp raised its stake in shares of Marathon Oil by 2.8% during the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after buying an additional 1,350,863 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Marathon Oil by 10.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after buying an additional 3,767,268 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Marathon Oil by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock valued at $418,709,000 after buying an additional 172,691 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

Shares of Marathon Oil Corporation (NYSE MRO) opened at $15.08 on Friday. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. 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 (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business earned ($0.23) EPS. Marathon Oil’s quarterly revenue was up 26.5% on a year-over-year basis. research analysts predict that Marathon Oil Corporation will post -0.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders 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 1.33%. Marathon Oil’s dividend payout ratio (DPR) is currently -2.40%.

Several equities analysts recently weighed in on MRO shares. Piper Jaffray Companies set a $20.00 price target on Marathon Oil and gave the company a “buy” rating in a research note on Friday, August 25th. Vetr lowered Marathon Oil from a “strong-buy” rating to a “buy” rating and set a $14.22 price target for the company. in a research note on Monday, August 7th. KLR Group restated a “buy” rating and issued a $23.00 price target (up previously from $21.00) on shares of Marathon Oil in a research note on Wednesday, August 9th. Scotiabank set a $19.00 price target on Marathon Oil and gave the company a “buy” rating in a research note on Wednesday, October 4th. Finally, Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.90.

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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.

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

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