Gabelli Funds LLC grew its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 452,700 shares of the oil and gas producer’s stock after purchasing an additional 3,200 shares during the quarter. Gabelli Funds LLC owned approximately 0.05% of Marathon Oil worth $7,664,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Sentry Investment Management LLC increased its position in shares of Marathon Oil by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 702 shares during the last quarter. 1st Global Advisors Inc. increased its position in shares of Marathon Oil by 3.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock valued at $625,000 after purchasing an additional 1,686 shares during the last quarter. FTB Advisors Inc. increased its position in shares of Marathon Oil by 49.8% during the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 2,687 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Marathon Oil by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 136,163 shares of the oil and gas producer’s stock valued at $1,846,000 after purchasing an additional 3,517 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its position in shares of Marathon Oil by 1.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 306,982 shares of the oil and gas producer’s stock valued at $4,164,000 after purchasing an additional 3,521 shares during the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.

Marathon Oil Co. (NYSE:MRO) opened at $15.51 on Friday. Marathon Oil Co. has a 12 month low of $10.55 and a 12 month 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.20 annualized dividend and a yield of 1.29%. Marathon Oil’s dividend payout ratio is currently -2.40%.

Several equities research analysts have recently issued reports on MRO shares. Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, November 6th. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, January 4th. Citigroup downgraded Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. upgraded Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. Marathon Oil currently has a consensus rating of “Hold” and a consensus price target of $17.91.

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About Marathon Oil

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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