Everence Capital Management Inc. cut its position in shares of Marathon Oil Co. (NYSE:MRO) by 49.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,286 shares of the oil and gas producer’s stock after selling 24,600 shares during the quarter. Everence Capital Management Inc.’s holdings in Marathon Oil were worth $428,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Macquarie Group Ltd. increased its stake in 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 acquiring an additional 693,366 shares during the last quarter. State Street Corp increased its stake in Marathon Oil by 2.8% during the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock worth $593,258,000 after acquiring an additional 1,350,863 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Marathon Oil by 10.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after buying an additional 3,767,268 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Marathon Oil by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock valued at $108,279,000 after buying an additional 159,144 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Marathon Oil in the third quarter valued at about $81,114,000. Institutional investors own 80.52% of the company’s stock.
A number of equities research analysts have recently issued reports on MRO shares. Jefferies Group increased their target price on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Friday, November 3rd. Morgan Stanley set a $15.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $17.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Tuesday, October 10th. Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada set a $16.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.91.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. 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 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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