Marathon Oil Co. (MRO) Stake Lessened by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in shares of Marathon Oil Co. (NYSE:MRO) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,368 shares of the oil and gas producer’s stock after selling 5,000 shares during the period. OLD National Bancorp IN’s holdings in Marathon Oil were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. increased its holdings in shares of Marathon Oil by 1.3% during 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 last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Marathon Oil by 10.1% during 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Marathon Oil by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock worth $108,279,000 after buying an additional 159,144 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Marathon Oil during the 3rd quarter worth approximately $81,114,000. Finally, Legal & General Group Plc increased its holdings in shares of Marathon Oil by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 5,059,400 shares of the oil and gas producer’s stock worth $68,590,000 after buying an additional 53,417 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.

Shares of Marathon Oil Co. (MRO) opened at $16.07 on Wednesday. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $19.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be given a $0.05 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.20 annualized dividend and a yield of 1.24%. Marathon Oil’s dividend payout ratio is presently -2.40%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Wolfe Research downgraded shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Stifel Nicolaus set a $18.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a report on Tuesday, January 30th. Morgan Stanley raised their price target on shares of Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Jefferies Group restated a “hold” rating and set a $19.80 price target on shares of Marathon Oil in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.91.

TRADEMARK VIOLATION WARNING: “Marathon Oil Co. (MRO) Stake Lessened by OLD National Bancorp IN” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/14/marathon-oil-co-mro-stake-lessened-by-old-national-bancorp-in.html.

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.

Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Co. (NYSE:MRO).

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

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply