Cetera Advisor Networks LLC Cuts Holdings in Marathon Oil Co. (NYSE:MRO)

Cetera Advisor Networks LLC lessened its stake in Marathon Oil Co. (NYSE:MROGet Rating) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,251 shares of the oil and gas producer’s stock after selling 11,901 shares during the period. Cetera Advisor Networks LLC’s holdings in Marathon Oil were worth $3,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp grew its stake in Marathon Oil by 0.8% in the 1st quarter. State Street Corp now owns 48,341,531 shares of the oil and gas producer’s stock worth $1,213,856,000 after buying an additional 392,821 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Marathon Oil by 1,220.4% in the 1st quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock valued at $219,828,000 after purchasing an additional 8,091,570 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Marathon Oil by 1.4% in the 1st quarter. Fisher Asset Management LLC now owns 8,644,260 shares of the oil and gas producer’s stock valued at $217,057,000 after purchasing an additional 119,762 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Marathon Oil by 60.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,739,802 shares of the oil and gas producer’s stock valued at $194,346,000 after purchasing an additional 2,904,140 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Marathon Oil by 35.3% in the 1st quarter. First Trust Advisors LP now owns 7,026,775 shares of the oil and gas producer’s stock valued at $176,442,000 after purchasing an additional 1,835,182 shares in the last quarter. Hedge funds and other institutional investors own 75.16% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Rob L. White sold 2,000 shares of Marathon Oil stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $32.31, for a total transaction of $64,620.00. Following the completion of the transaction, the chief accounting officer now directly owns 41,377 shares of the company’s stock, valued at approximately $1,336,890.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Dane E. Whitehead sold 28,553 shares of Marathon Oil stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $22.61, for a total transaction of $645,583.33. Following the completion of the transaction, the chief financial officer now directly owns 229,129 shares of the company’s stock, valued at approximately $5,180,606.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Rob L. White sold 2,000 shares of Marathon Oil stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $32.31, for a total transaction of $64,620.00. Following the transaction, the chief accounting officer now directly owns 41,377 shares of the company’s stock, valued at $1,336,890.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 481,406 shares of company stock worth $15,004,236. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MRO. Credit Suisse Group upped their price objective on shares of Marathon Oil from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Morgan Stanley cut their price objective on shares of Marathon Oil from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. Barclays increased their price target on shares of Marathon Oil from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 19th. Royal Bank of Canada increased their price target on shares of Marathon Oil from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Finally, The Goldman Sachs Group increased their price target on shares of Marathon Oil from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Marathon Oil currently has an average rating of “Moderate Buy” and a consensus target price of $32.75.

Marathon Oil Stock Down 1.7 %

Shares of NYSE MRO opened at $30.65 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. Marathon Oil Co. has a 12 month low of $14.29 and a 12 month high of $33.42. The firm has a market capitalization of $19.46 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 0.56 and a beta of 2.47. The firm has a fifty day simple moving average of $28.32 and a two-hundred day simple moving average of $26.30.

Marathon Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.17%. Marathon Oil’s dividend payout ratio is 6.91%.

About Marathon Oil

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Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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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