Marathon Oil Co. (MRO) Stake Lessened by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Marathon Oil Co. (NYSE:MRO) by 17.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,076 shares of the oil and gas producer’s stock after selling 19,460 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marathon Oil were worth $2,097,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. State Treasurer State of Michigan raised its stake in shares of Marathon Oil by 1.0% in the 2nd quarter. State Treasurer State of Michigan now owns 252,640 shares of the oil and gas producer’s stock valued at $5,270,000 after purchasing an additional 2,500 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Marathon Oil by 65.6% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 6,312 shares of the oil and gas producer’s stock valued at $147,000 after purchasing an additional 2,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Marathon Oil by 11.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 26,361 shares of the oil and gas producer’s stock valued at $550,000 after purchasing an additional 2,676 shares in the last quarter. Twin Capital Management Inc. raised its stake in shares of Marathon Oil by 1.1% in the 2nd quarter. Twin Capital Management Inc. now owns 247,450 shares of the oil and gas producer’s stock valued at $5,162,000 after purchasing an additional 2,710 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of Marathon Oil by 10.7% in the 3rd quarter. MML Investors Services LLC now owns 28,128 shares of the oil and gas producer’s stock valued at $655,000 after purchasing an additional 2,710 shares in the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the transaction, the vice president now owns 394,569 shares in the company, valued at approximately $8,163,632.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Shares of NYSE:MRO opened at $16.41 on Friday. 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 Co. has a fifty-two week low of $14.27 and a fifty-two week high of $24.20. The stock has a market cap of $13.24 billion, a P/E ratio of -43.18, a price-to-earnings-growth ratio of 2.26 and a beta of 2.45.

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, beating analysts’ consensus estimates of $0.20 by $0.04. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. On average, equities analysts expect that Marathon Oil Co. will post 0.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio (DPR) is -52.63%.

MRO has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Marathon Oil from a “c” rating to a “b-” rating in a research note on Wednesday, November 7th. JPMorgan Chase & Co. set a $27.00 price objective on shares of Marathon Oil and gave the company a “buy” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. Seaport Global Securities reaffirmed a “buy” rating on shares of Marathon Oil in a research report on Friday, September 7th. ValuEngine raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Finally, Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, July 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $23.84.

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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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