IFC Holdings Incorporated FL lowered its position in Marathon Oil Co. (NYSE:MRO) by 16.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,484 shares of the oil and gas producer’s stock after selling 2,945 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Marathon Oil were worth $244,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. grew its position in shares of Marathon Oil by 1.3% in the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after buying an additional 693,366 shares during the last quarter. State Street Corp grew its position in shares of Marathon Oil by 2.8% in the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock worth $593,258,000 after buying an additional 1,350,863 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Marathon Oil by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after buying an additional 3,767,268 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Marathon Oil by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock worth $108,279,000 after purchasing an additional 159,144 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Marathon Oil during the 3rd quarter worth approximately $81,114,000. 80.52% of the stock is currently owned by hedge funds and other institutional investors.
Marathon Oil Co. (NYSE:MRO) opened at $17.52 on Monday. 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 12 month low of $10.55 and a 12 month high of $19.52.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is currently -2.40%.
Several analysts have weighed in on MRO shares. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group reissued a “hold” rating and set a $14.00 target price on shares of Marathon Oil in a research report on Thursday, October 19th. Royal Bank of Canada set a $16.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Wolfe Research downgraded shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. raised shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.91.
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Marathon Oil Company Profile
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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