Renaissance Group LLC purchased a new position in Marathon Oil Co. (NYSE:MRO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,151 shares of the oil and gas producer’s stock, valued at approximately $223,000.

A number of other institutional investors also recently made changes to their positions in the business. Sentry Investment Management LLC increased its stake in Marathon Oil by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock worth $787,000 after purchasing an additional 702 shares during the period. 1st Global Advisors Inc. increased its stake in Marathon Oil by 3.3% in the 2nd quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock worth $625,000 after purchasing an additional 1,686 shares during the period. FTB Advisors Inc. increased its stake in Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,687 shares during the period. Gabelli Funds LLC increased its stake in Marathon Oil by 0.7% in the 4th quarter. Gabelli Funds LLC now owns 452,700 shares of the oil and gas producer’s stock worth $7,664,000 after purchasing an additional 3,200 shares during the period. Finally, Van ECK Associates Corp increased its stake in Marathon Oil by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 136,163 shares of the oil and gas producer’s stock worth $1,846,000 after purchasing an additional 3,517 shares during the period. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marathon Oil Co. (NYSE:MRO) opened at $15.51 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil Co. has a 1 year low of $10.55 and a 1 year high of $19.52.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. Marathon Oil’s dividend payout ratio is presently -2.40%.

A number of equities analysts have commented on MRO shares. Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, January 4th. Citigroup cut Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. raised Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The company 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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