Great West Life Assurance Co. Can lessened its stake in Marathon Oil Corporation (NYSE:MRO) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 672,122 shares of the oil and gas producer’s stock after selling 4,763 shares during the quarter. Great West Life Assurance Co. Can owned about 0.08% of Marathon Oil worth $9,075,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new stake in Marathon Oil in the second quarter valued at about $122,000. Zweig DiMenna Associates LLC acquired a new position in Marathon Oil in the second quarter valued at about $150,000. Glenview Trust Co grew its stake in Marathon Oil by 13.5% in the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after acquiring an additional 1,550 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Marathon Oil by 21.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock valued at $166,000 after acquiring an additional 2,486 shares during the period. Finally, Freestone Capital Holdings LLC grew its stake in Marathon Oil by 1.1% in the second quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 80.65% of the company’s stock.
Shares of Marathon Oil Corporation (NYSE MRO) traded down $0.02 during midday trading on Wednesday, reaching $14.88. The company had a trading volume of 14,078,699 shares, compared to its average volume of 13,432,226. 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 1 year low of $10.55 and a 1 year high of $19.28.
The firm also recently disclosed 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 is -2.40%.
A number of research analysts have issued reports on the company. KLR Group reissued a “buy” rating and issued a $23.00 target price (up from $21.00) on shares of Marathon Oil in a research note on Wednesday, August 9th. Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday. BidaskClub cut Marathon Oil from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Jefferies Group reissued a “hold” rating and issued a $14.00 target price (up from $13.00) on shares of Marathon Oil in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price objective on shares of Marathon Oil in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. Marathon Oil currently has an average rating of “Hold” and an average price target of $16.90.
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Marathon Oil Company 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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