Marathon Oil Co. (MRO) Holdings Boosted by FDx Advisors Inc.

FDx Advisors Inc. raised its stake in shares of Marathon Oil Co. (NYSE:MRO) by 36.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,603 shares of the oil and gas producer’s stock after acquiring an additional 6,876 shares during the period. FDx Advisors Inc.’s holdings in Marathon Oil were worth $596,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Great West Life Assurance Co. Can lifted its stake in Marathon Oil by 2.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 645,207 shares of the oil and gas producer’s stock valued at $15,035,000 after acquiring an additional 13,609 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Marathon Oil during the 3rd quarter valued at $221,000. Focused Wealth Management Inc increased its position in shares of Marathon Oil by 1,263.4% during the 3rd quarter. Focused Wealth Management Inc now owns 6,367 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 5,900 shares during the last quarter. Korea Investment CORP increased its position in shares of Marathon Oil by 11.6% during the 3rd quarter. Korea Investment CORP now owns 626,911 shares of the oil and gas producer’s stock valued at $14,594,000 after purchasing an additional 65,136 shares during the last quarter. Finally, Caymus Capital Partners L.P. purchased a new stake in shares of Marathon Oil during the 3rd quarter valued at $60,754,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

In related news, VP Thomas Mitchell Little sold 117,333 shares of Marathon Oil stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the sale, the vice president now owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Several equities research analysts have recently issued reports on MRO shares. Morgan Stanley decreased their target price on Marathon Oil from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. Stifel Nicolaus set a $21.00 target price on Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, August 29th. BMO Capital Markets set a $22.00 target price on Marathon Oil and gave the company a “buy” rating in a research report on Monday, November 12th. Barclays set a $25.00 target price on Marathon Oil and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Marathon Oil in a research report on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Marathon Oil has an average rating of “Buy” and an average price target of $23.77.

Shares of MRO opened at $17.55 on Tuesday. Marathon Oil Co. has a fifty-two week low of $14.27 and a fifty-two week high of $24.20. The stock has a market capitalization of $13.87 billion, a P/E ratio of -46.18, a PEG ratio of 2.37 and a beta of 2.43. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted ($0.08) EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Sell-side analysts expect that Marathon Oil Co. will post 0.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio (DPR) is currently -52.63%.

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Marathon Oil Company 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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