Private Advisor Group LLC increased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 48.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,827 shares of the oil and gas producer’s stock after purchasing an additional 12,627 shares during the quarter. Private Advisor Group LLC’s holdings in Marathon Oil were worth $904,000 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 company. Chicago Equity Partners LLC bought a new position in Marathon Oil in the 3rd quarter valued at $209,000. Mcmillion Capital Management Inc. bought a new position in Marathon Oil in the 3rd quarter valued at $2,901,000. US Bancorp DE grew its position in Marathon Oil by 5.2% in the 3rd quarter. US Bancorp DE now owns 231,224 shares of the oil and gas producer’s stock valued at $5,383,000 after acquiring an additional 11,470 shares during the last quarter. Perella Weinberg Partners Capital Management LP grew its position in Marathon Oil by 2.9% in the 3rd quarter. Perella Weinberg Partners Capital Management LP now owns 574,039 shares of the oil and gas producer’s stock valued at $13,364,000 after acquiring an additional 16,225 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. bought a new position in Marathon Oil in the 3rd quarter valued at $929,000. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MRO opened at $17.19 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.38. The firm has a market cap of $14.29 billion, a P/E ratio of -45.24, a P/E/G ratio of 1.55 and a beta of 2.45. Marathon Oil Co. has a 1-year low of $14.27 and a 1-year high of $24.20.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. As a group, equities analysts forecast that Marathon Oil Co. will post 0.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, November 20th. Marathon Oil’s dividend payout ratio (DPR) is currently -52.63%.

Several equities research analysts have weighed in on MRO shares. TheStreet upgraded Marathon Oil from a “c” rating to a “b-” rating in a report on Wednesday, November 7th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 31st. Seaport Global Securities reiterated a “buy” rating on shares of Marathon Oil in a report on Friday, September 7th. ValuEngine upgraded Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Finally, JPMorgan Chase & Co. set a $27.00 target price on Marathon Oil and gave the stock a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.20.

In related news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the sale, the vice president now directly owns 394,569 shares in the company, valued at approximately $8,163,632.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

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Marathon Oil Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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

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