Municipal Employees Retirement System of Michigan lessened its position in shares of Marathon Oil Co. (NYSE:MRO) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,960 shares of the oil and gas producer’s stock after selling 5,120 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Marathon Oil were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dupont Capital Management Corp acquired a new position in Marathon Oil during the 2nd quarter valued at approximately $122,000. Zweig DiMenna Associates LLC acquired a new position in Marathon Oil during the 2nd quarter valued at approximately $150,000. Glenview Trust Co increased its stake in Marathon Oil by 13.5% during the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after purchasing an additional 1,550 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Marathon Oil by 21.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 2,486 shares in the last quarter. Finally, Freestone Capital Holdings LLC increased its stake in Marathon Oil by 1.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.

Marathon Oil Co. (MRO) remained flat at $$15.15 during trading hours on Tuesday. The company’s stock had a trading volume of 10,294,700 shares, compared to its average volume of 13,363,873. 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 Co. has a one year low of $10.55 and a one year high of $19.28.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. equities analysts predict that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, November 14th. Marathon Oil’s dividend payout ratio is presently -2.40%.

A number of research analysts have issued reports on the stock. Credit Suisse Group began coverage on shares of Marathon Oil in a research note on Monday. They set an “outperform” rating and a $20.00 price target on the stock. Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Barclays upped their price objective on shares of Marathon Oil from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Scotiabank set a $19.00 price objective on shares of Marathon Oil and gave the company a “buy” rating in a report on Monday, November 13th. Finally, Citigroup downgraded shares of Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.90.

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Marathon Oil 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.

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

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