Davidson Investment Advisors Has $9.74 Million Stake in Marathon Oil Co. (MRO)
Davidson Investment Advisors decreased its holdings in Marathon Oil Co. (NYSE:MRO) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,219 shares of the oil and gas producer’s stock after selling 11,068 shares during the quarter. Davidson Investment Advisors’ holdings in Marathon Oil were worth $9,738,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Wendell David Associates Inc. acquired a new stake in shares of Marathon Oil in the 3rd quarter worth $600,000. United Asset Strategies Inc. acquired a new stake in shares of Marathon Oil in the 3rd quarter worth $446,000. Vident Investment Advisory LLC boosted its position in shares of Marathon Oil by 225.5% in the 3rd quarter. Vident Investment Advisory LLC now owns 38,340 shares of the oil and gas producer’s stock worth $520,000 after purchasing an additional 26,560 shares in the last quarter. Kopernik Global Investors LLC boosted its position in shares of Marathon Oil by 9.3% in the 3rd quarter. Kopernik Global Investors LLC now owns 2,518,946 shares of the oil and gas producer’s stock worth $34,156,000 after purchasing an additional 214,533 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Marathon Oil by 95.9% in the 2nd quarter. Toronto Dominion Bank now owns 465,155 shares of the oil and gas producer’s stock worth $5,510,000 after purchasing an additional 227,714 shares in the last quarter. 80.34% of the stock is owned by hedge funds and other institutional investors.
MRO has been the subject of a number of research reports. Morgan Stanley set a $15.00 price target on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group lifted their price target on Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Societe Generale raised Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, January 4th. Finally, Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.91.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is currently -2.40%.
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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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