Sei Investments Co. lowered its holdings in Marathon Oil Co. (NYSE:MRO) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,298 shares of the oil and gas producer’s stock after selling 67,983 shares during the period. Sei Investments Co. owned approximately 0.07% of Marathon Oil worth $13,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norinchukin Bank The lifted its holdings in shares of Marathon Oil by 14.6% in the first quarter. Norinchukin Bank The now owns 77,856 shares of the oil and gas producer’s stock valued at $1,256,000 after purchasing an additional 9,923 shares in the last quarter. Trillium Asset Management LLC purchased a new stake in shares of Marathon Oil in the second quarter valued at $3,160,000. Meeder Asset Management Inc. purchased a new stake in shares of Marathon Oil in the second quarter valued at $1,121,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Marathon Oil by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,820,153 shares of the oil and gas producer’s stock valued at $58,828,000 after purchasing an additional 144,135 shares in the last quarter. Finally, Hartree Partners LP lifted its holdings in shares of Marathon Oil by 110.0% in the first quarter. Hartree Partners LP now owns 126,000 shares of the oil and gas producer’s stock valued at $2,032,000 after purchasing an additional 66,000 shares in the last quarter. Institutional investors own 81.32% of the company’s stock.

NYSE MRO opened at $19.32 on Friday. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $22.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market capitalization of $17.41 billion, a PE ratio of -50.84, a P/E/G ratio of 1.56 and a beta of 2.37.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted ($0.24) earnings per share. The company’s revenue was up 33.8% compared to the same quarter last year. sell-side analysts predict that Marathon Oil Co. will post 0.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, August 14th. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.

A number of research firms have recently issued reports on MRO. Mizuho began coverage on Marathon Oil in a report on Monday, July 23rd. They issued a “neutral” rating and a $28.00 target price for the company. Jefferies Financial Group restated a “hold” rating and issued a $22.80 target price on shares of Marathon Oil in a report on Wednesday. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Wednesday, July 4th. Tudor Pickering upgraded Marathon Oil from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Finally, ValuEngine upgraded Marathon Oil from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Marathon Oil presently has an average rating of “Hold” and an average target price of $20.74.

Marathon Oil Company 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.

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

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