Wells Fargo & Company MN trimmed its stake in shares of Marathon Oil Co. (NYSE:MRO) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,230,689 shares of the oil and gas producer’s stock after selling 134,748 shares during the period. Wells Fargo & Company MN owned 0.26% of Marathon Oil worth $30,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MRO. Macquarie Group Ltd. lifted its holdings in Marathon Oil by 112.6% during the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after purchasing an additional 28,514,387 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Marathon Oil by 2.1% during the second 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 purchasing an additional 1,808,213 shares in the last quarter. State Street Corp lifted its holdings in Marathon Oil by 2.8% during the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after purchasing an additional 1,350,863 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Marathon Oil by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after purchasing an additional 1,341,589 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Marathon Oil by 236.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,472,329 shares of the oil and gas producer’s stock valued at $19,965,000 after purchasing an additional 1,034,170 shares in the last quarter. 80.65% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on MRO shares. Jefferies Group reaffirmed a “hold” rating and set a $14.00 price objective on shares of Marathon Oil in a report on Thursday, October 19th. Royal Bank of Canada set a $16.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, October 11th. J P Morgan Chase & Co raised shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Friday. Barclays raised their price target on shares of Marathon Oil from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Finally, BMO Capital Markets set a $17.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.67.

Marathon Oil Co. (NYSE:MRO) traded down $0.08 during trading on Friday, reaching $15.12. 9,192,200 shares of the company traded hands, compared to its average volume of 13,342,529. Marathon Oil Co. has a 52-week low of $10.55 and a 52-week high of $19.02. 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 released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned ($0.23) earnings per share. Marathon Oil’s revenue was up 26.5% compared to the same quarter last year. equities research analysts predict that Marathon Oil Co. will post -0.34 earnings per share for the current year.

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

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About Marathon Oil

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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