Marathon Oil Co. (MRO) Stake Lessened by Algert Global LLC

Algert Global LLC cut its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 34.5% during the third quarter, HoldingsChannel reports. The firm owned 106,636 shares of the oil and gas producer’s stock after selling 56,064 shares during the period. Algert Global LLC’s holdings in Marathon Oil were worth $2,482,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MRO. State Treasurer State of Michigan increased its position 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 acquiring an additional 2,500 shares during the period. Duncker Streett & Co. Inc. increased its position 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 acquiring an additional 2,500 shares during the period. Northwestern Mutual Wealth Management Co. increased its position 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 acquiring an additional 2,676 shares during the period. Twin Capital Management Inc. increased its position 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 acquiring an additional 2,710 shares during the period. Finally, MML Investors Services LLC increased its position 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 acquiring an additional 2,710 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of MRO opened at $16.22 on Friday. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of -42.68, a P/E/G ratio of 2.39 and a beta of 2.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.43. Marathon Oil Co. has a fifty-two week low of $14.27 and a fifty-two week high of $24.20.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results 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. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. On average, analysts expect that Marathon Oil Co. will post 0.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio is currently -52.63%.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the sale, the vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Several research firms recently issued reports on MRO. JPMorgan Chase & Co. set a $27.00 target price on 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. Piper Jaffray Companies reissued an “overweight” rating on shares of Marathon Oil in a research report on Friday, September 28th. ValuEngine raised Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Morgan Stanley upped their target price on Marathon Oil from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, September 26th. Finally, Royal Bank of Canada set a $27.00 target price on Marathon Oil and gave the company a “hold” rating in a research report on Thursday, September 20th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Marathon Oil currently has an average rating of “Buy” and an average target price of $23.92.

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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.

Further Reading: Penny Stocks, What You Need To Know

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

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