Mather Group LLC. Trims Stock Position in Marathon Oil Co. (NYSE:MRO)

Mather Group LLC. reduced its stake in Marathon Oil Co. (NYSE:MRO) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,059 shares of the oil and gas producer’s stock after selling 2,141 shares during the quarter. Mather Group LLC.’s holdings in Marathon Oil were worth $597,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC increased its position in Marathon Oil by 15.1% during the 2nd quarter. Quent Capital LLC now owns 7,608 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 999 shares during the period. DNB Asset Management AS grew its holdings in Marathon Oil by 4.4% during the second quarter. DNB Asset Management AS now owns 112,842 shares of the oil and gas producer’s stock worth $3,235,000 after acquiring an additional 4,745 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Marathon Oil by 31.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,494 shares of the oil and gas producer’s stock worth $72,000 after acquiring an additional 597 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Marathon Oil by 8.9% in the second quarter. GAMMA Investing LLC now owns 20,823 shares of the oil and gas producer’s stock valued at $597,000 after acquiring an additional 1,702 shares during the period. Finally, Chelsea Counsel Co. boosted its position in shares of Marathon Oil by 30.7% during the 1st quarter. Chelsea Counsel Co. now owns 39,200 shares of the oil and gas producer’s stock worth $1,111,000 after purchasing an additional 9,200 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MRO shares. Susquehanna increased their price target on shares of Marathon Oil from $33.00 to $39.00 and gave the company a “positive” rating in a report on Monday, July 22nd. Scotiabank downgraded shares of Marathon Oil from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $45.00 to $29.00 in a research report on Friday, July 12th. Benchmark restated a “buy” rating and issued a $32.00 price target on shares of Marathon Oil in a report on Friday, May 3rd. StockNews.com assumed coverage on Marathon Oil in a report on Saturday. They set a “buy” rating for the company. Finally, Morgan Stanley upped their target price on Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.14.

Marathon Oil Trading Up 0.8 %

MRO stock traded up $0.21 during midday trading on Tuesday, hitting $26.60. The stock had a trading volume of 5,209,665 shares, compared to its average volume of 9,092,932. Marathon Oil Co. has a 12-month low of $21.81 and a 12-month high of $30.06. The firm has a market cap of $15.00 billion, a PE ratio of 10.99 and a beta of 2.19. The company’s 50-day moving average price is $28.11 and its 200 day moving average price is $26.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.44 annualized dividend and a yield of 1.65%. Marathon Oil’s payout ratio is currently 18.18%.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.