Marathon Oil Co. (NYSE:MRO) Stake Lessened by Mason Street Advisors LLC

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Mason Street Advisors LLC lowered its holdings in Marathon Oil Co. (NYSE:MRO) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,549 shares of the oil and gas producer’s stock after selling 2,099 shares during the period. Mason Street Advisors LLC’s holdings in Marathon Oil were worth $1,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Marathon Oil by 145.9% in the third quarter. Tower Research Capital LLC TRC now owns 26,804 shares of the oil and gas producer’s stock valued at $328,000 after purchasing an additional 15,904 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Marathon Oil by 18.7% in the third quarter. First Trust Advisors LP now owns 1,645,618 shares of the oil and gas producer’s stock valued at $20,192,000 after purchasing an additional 258,916 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Marathon Oil by 8.2% in the third quarter. Daiwa Securities Group Inc. now owns 37,370 shares of the oil and gas producer’s stock valued at $459,000 after purchasing an additional 2,830 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Marathon Oil in the third quarter valued at $147,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Marathon Oil by 64.7% in the third quarter. Parallel Advisors LLC now owns 5,368 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 2,109 shares in the last quarter. Institutional investors own 83.26% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada set a $21.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Friday, August 9th. Morgan Stanley dropped their price target on shares of Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Tudor Pickering downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Tuesday, September 24th. Wells Fargo & Co dropped their price target on shares of Marathon Oil from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Evercore ISI set a $21.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.94.

Shares of NYSE:MRO opened at $12.10 on Monday. The company has a market cap of $9.51 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.28 and a beta of 2.26. The stock’s 50-day moving average is $11.86 and its 200-day moving average is $13.19. Marathon Oil Co. has a 52-week low of $11.06 and a 52-week high of $18.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.06.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.10. The company had revenue of $1.35 billion for 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 firm’s revenue was down 19.3% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. As a group, equities analysts predict that Marathon Oil Co. will post 0.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 19th. Marathon Oil’s dividend payout ratio is currently 28.17%.

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.

Further Reading: How does a 12b-1 fee affect fund performance?

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

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