Marathon Oil Co. (MRO) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 26.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,356 shares of the oil and gas producer’s stock after purchasing an additional 25,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Marathon Oil were worth $1,618,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Marathon Oil by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock worth $1,027,132,000 after buying an additional 1,808,213 shares during the period. Macquarie Group Ltd. boosted its holdings in Marathon Oil by 1.3% in the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after buying an additional 693,366 shares during the period. State Street Corp boosted its holdings in Marathon Oil by 2.8% in the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock worth $593,258,000 after buying an additional 1,350,863 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Marathon Oil by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after buying an additional 3,767,268 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Marathon Oil by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock worth $418,709,000 after buying an additional 172,691 shares during the period. Institutional investors own 80.65% of the company’s stock.

Shares of Marathon Oil Co. (NYSE MRO) traded down $0.43 during midday trading on Thursday, hitting $14.45. 10,756,600 shares of the company traded hands, compared to its average volume of 13,420,865. Marathon Oil Co. has a one year low of $10.55 and a one year high of $19.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned ($0.23) earnings per share. Marathon Oil’s quarterly revenue was up 26.5% on a year-over-year basis. equities analysts predict that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, November 14th. Marathon Oil’s payout ratio is currently -2.40%.

Several research analysts recently commented on the stock. KLR Group reaffirmed a “buy” rating and issued a $23.00 price objective (up from $21.00) on shares of Marathon Oil in a report on Wednesday, August 9th. Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday. BidaskClub downgraded shares of Marathon Oil from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Jefferies Group reissued a “hold” rating and issued a $14.00 price target (up from $13.00) on shares of Marathon Oil in a report on Wednesday, August 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Marathon Oil in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.90.

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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.

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

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