ING Groep NV acquired a new position in shares of Marathon Oil Corporation (NYSE:MRO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,258 shares of the oil and gas producer’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. D.A. Davidson & CO. lifted its position in shares of Marathon Oil by 36.7% during the third quarter. D.A. Davidson & CO. now owns 187,177 shares of the oil and gas producer’s stock worth $2,538,000 after purchasing an additional 50,284 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Marathon Oil by 1.3% during the third quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after purchasing an additional 693,366 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Marathon Oil by 13.9% during the third quarter. Ameriprise Financial Inc. now owns 2,188,117 shares of the oil and gas producer’s stock worth $29,787,000 after purchasing an additional 267,610 shares during the last quarter. Commonwealth Equity Services Inc lifted its position in shares of Marathon Oil by 12.8% during the third quarter. Commonwealth Equity Services Inc now owns 184,533 shares of the oil and gas producer’s stock worth $2,502,000 after purchasing an additional 20,912 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Marathon Oil by 276.6% during the third quarter. Quantbot Technologies LP now owns 153,501 shares of the oil and gas producer’s stock worth $2,081,000 after purchasing an additional 112,736 shares during the last quarter. 80.66% of the stock is owned by institutional investors.

Marathon Oil Corporation (MRO) traded up $0.22 during mid-day trading on Thursday, hitting $14.98. The company had a trading volume of 6,397,635 shares, compared to its average volume of 13,387,072. 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 12-month low of $10.55 and a 12-month high of $19.28.

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 for the quarter, beating the 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 firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. sell-side analysts anticipate that Marathon Oil Corporation will post -0.35 EPS for the current fiscal year.

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

Several research firms have recently weighed in on MRO. BMO Capital Markets reiterated a “hold” rating and set a $18.00 target price on shares of Marathon Oil in a research report on Tuesday, November 7th. Barclays lifted their target price on Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Scotiabank set a $19.00 target price on Marathon Oil and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Citigroup downgraded Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Thursday, November 9th. Finally, Stifel Nicolaus set a $10.00 target price on Marathon Oil and gave the stock a “hold” rating in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.90.

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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.

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

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