Marathon Oil Co. (MRO) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 56.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,910 shares of the oil and gas producer’s stock after buying an additional 30,172 shares during the quarter. Meeder Asset Management Inc.’s holdings in Marathon Oil were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Marathon Oil by 1.3% in the second quarter. BlackRock Inc. now owns 68,516,539 shares of the oil and gas producer’s stock worth $1,429,255,000 after purchasing an additional 873,896 shares during the period. Boston Partners lifted its stake in shares of Marathon Oil by 474.2% in the second quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock worth $422,312,000 after buying an additional 16,719,492 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Marathon Oil by 3.0% in the second quarter. Northern Trust Corp now owns 11,489,580 shares of the oil and gas producer’s stock worth $239,673,000 after buying an additional 335,262 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Marathon Oil by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,886,008 shares of the oil and gas producer’s stock worth $185,354,000 after buying an additional 904,437 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Marathon Oil by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 7,735,200 shares of the oil and gas producer’s stock worth $161,356,000 after buying an additional 59,160 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.

Several research analysts have recently issued reports on MRO shares. Jefferies Financial Group reiterated a “hold” rating and issued a $22.80 target price on shares of Marathon Oil in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Barclays started coverage on shares of Marathon Oil in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $25.00 target price on the stock. Finally, Wolfe Research upgraded shares of Marathon Oil from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.36.

In related news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the transaction, the vice president now owns 394,569 shares in the company, valued at $8,163,632.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Shares of Marathon Oil stock opened at $18.33 on Wednesday. The company has a market cap of $15.55 billion, a P/E ratio of -48.24, a P/E/G ratio of 1.49 and a beta of 2.45. Marathon Oil Co. has a twelve month low of $14.27 and a twelve month high of $24.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. Marathon Oil’s dividend payout ratio (DPR) is -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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