Public Employees Retirement System of Ohio lowered its position in Marathon Oil Co. (NYSE:MRO) by 1.6% in the third quarter, Holdings reports. The institutional investor owned 271,194 shares of the oil and gas producer’s stock after selling 4,521 shares during the period. Public Employees Retirement System of Ohio’s holdings in Marathon Oil were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MRO. Rational Advisors LLC increased its holdings in shares of Marathon Oil by 268.8% in the 2nd quarter. Rational Advisors LLC now owns 1,763 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 1,285 shares during the period. North Star Investment Management Corp. acquired a new stake in Marathon Oil during the 3rd quarter worth $25,000. Wealthcare Advisory Partners LLC boosted its stake in Marathon Oil by 356.2% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,299 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 1,795 shares during the period. Liberty Wealth Management LLC purchased a new position in Marathon Oil during the 2nd quarter worth $33,000. Finally, NuWave Investment Management LLC grew its position in Marathon Oil by 78.0% during the 3rd quarter. NuWave Investment Management LLC now owns 3,138 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 1,375 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Shares of MRO opened at $12.04 on Friday. Marathon Oil Co. has a twelve month low of $11.06 and a twelve month high of $18.93. The stock’s 50 day moving average is $11.94 and its two-hundred day moving average is $12.80. The firm has a market capitalization of $9.74 billion, a PE ratio of 16.96, a P/E/G ratio of 2.18 and a beta of 2.31. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.26 billion. Marathon Oil had a return on equity of 5.56% and a net margin of 15.51%. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. On average, sell-side analysts predict that Marathon Oil Co. will post 0.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, November 19th. Marathon Oil’s payout ratio is 28.17%.

MRO has been the subject of a number of research reports. ValuEngine raised shares of Marathon Oil from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lowered their price target on Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Citigroup started coverage on Marathon Oil in a research report on Monday, September 23rd. They issued a “neutral” rating and a $13.00 price target on the stock. Wells Fargo & Co upped their price objective on Marathon Oil from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada set a $21.00 price objective on Marathon Oil and gave the stock a “buy” rating in a research report on Friday, August 9th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Marathon Oil currently has a consensus rating of “Buy” and an average price target of $19.86.

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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