Dalton Greiner Hartman Maher & Co. increased its position in shares of Marathon Oil Co. (NYSE:MRO) by 423.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 624,788 shares of the oil and gas producer’s stock after purchasing an additional 505,492 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned 0.08% of Marathon Oil worth $7,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Everence Capital Management Inc. increased its holdings in shares of Marathon Oil by 128.0% during the third quarter. Everence Capital Management Inc. now owns 39,780 shares of the oil and gas producer’s stock valued at $488,000 after purchasing an additional 22,330 shares during the period. Cerebellum GP LLC bought a new stake in Marathon Oil during the 3rd quarter worth approximately $117,000. North Star Investment Management Corp. bought a new stake in Marathon Oil during the 3rd quarter worth approximately $25,000. State of Alaska Department of Revenue increased its holdings in Marathon Oil by 140.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 586,605 shares of the oil and gas producer’s stock worth $7,197,000 after purchasing an additional 342,839 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Marathon Oil by 8.8% during the 2nd quarter. Macquarie Group Ltd. now owns 46,852,052 shares of the oil and gas producer’s stock worth $665,767,000 after purchasing an additional 3,789,808 shares in the last quarter. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Marathon Oil stock traded up $0.15 during trading on Thursday, hitting $11.34. The stock had a trading volume of 5,193,103 shares, compared to its average volume of 13,936,125. Marathon Oil Co. has a 1 year low of $11.06 and a 1 year high of $22.94. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $12.25 and its two-hundred day moving average is $14.18. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.94 and a beta of 2.26.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. Marathon Oil had a return on equity of 6.32% and a net margin of 16.15%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $0.15 earnings per share. Marathon Oil’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Marathon Oil Co. will post 0.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.20 annualized dividend and a yield of 1.76%. Marathon Oil’s payout ratio is 28.17%.

MRO has been the subject of a number of recent research reports. Atlantic Securities lowered Marathon Oil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $20.50 to $15.00 in a report on Thursday, June 13th. Royal Bank of Canada set a $21.00 price objective on Marathon Oil and gave the stock a “buy” rating in a report on Friday, August 9th. ValuEngine raised Marathon Oil from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Evercore ISI set a $21.00 price objective on Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Tudor Pickering lowered Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.22.

Marathon Oil 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 and International. 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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