Chicago Partners Investment Group LLC reduced its position in Marathon Oil Co. (NYSE:MRO) by 50.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,858 shares of the oil and gas producer’s stock after selling 8,858 shares during the period. Chicago Partners Investment Group LLC’s holdings in Marathon Oil were worth $120,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MRO. Janney Montgomery Scott LLC lifted its stake in Marathon Oil by 98.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 31,803 shares of the oil and gas producer’s stock valued at $377,000 after acquiring an additional 15,751 shares in the last quarter. Global X Management Co. LLC lifted its stake in Marathon Oil by 14.7% during the 2nd quarter. Global X Management Co. LLC now owns 14,430 shares of the oil and gas producer’s stock valued at $171,000 after acquiring an additional 1,846 shares in the last quarter. Arizona State Retirement System lifted its stake in Marathon Oil by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 210,814 shares of the oil and gas producer’s stock valued at $2,498,000 after acquiring an additional 1,100 shares in the last quarter. Dupont Capital Management Corp bought a new position in Marathon Oil during the 2nd quarter valued at $122,000. Finally, Deprince Race & Zollo Inc. lifted its stake in Marathon Oil by 42.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 126,360 shares of the oil and gas producer’s stock valued at $1,497,000 after acquiring an additional 37,850 shares in the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.

Shares of Marathon Oil Co. (NYSE:MRO) opened at $15.01 on Monday. Marathon Oil Co. has a twelve month low of $10.55 and a twelve month high of $19.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) EPS. equities analysts anticipate that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, November 14th. Marathon Oil’s payout ratio is presently -2.40%.

Several equities analysts have weighed in on the company. J P Morgan Chase & Co upgraded Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research note on Friday. Credit Suisse Group assumed coverage on Marathon Oil in a research note on Monday, December 11th. They set an “outperform” rating and a $20.00 price objective on the stock. Jefferies Group restated a “hold” rating and set a $12.00 price objective on shares of Marathon Oil in a research note on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.56.

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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.

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

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