Pathstone Family Office LLC Has $1.82 Million Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Pathstone Family Office LLC increased its stake in shares of Marathon Oil Co. (NYSE:MROFree Report) by 222.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,851 shares of the oil and gas producer’s stock after acquiring an additional 46,796 shares during the period. Pathstone Family Office LLC’s holdings in Marathon Oil were worth $1,815,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Argent Capital Management LLC lifted its position in shares of Marathon Oil by 0.4% during the 2nd quarter. Argent Capital Management LLC now owns 108,234 shares of the oil and gas producer’s stock worth $2,492,000 after buying an additional 387 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Marathon Oil by 1.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 26,569 shares of the oil and gas producer’s stock valued at $711,000 after purchasing an additional 421 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Marathon Oil by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 9,879 shares of the oil and gas producer’s stock valued at $237,000 after purchasing an additional 466 shares in the last quarter. Stonebridge Capital Advisors LLC increased its holdings in Marathon Oil by 41.3% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,679 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 491 shares in the last quarter. Finally, High Net Worth Advisory Group LLC increased its holdings in Marathon Oil by 50.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,500 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 76.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Marathon Oil from $40.00 to $39.00 and set a “buy” rating for the company in a report on Monday, November 20th. Citigroup lifted their target price on Marathon Oil from $31.00 to $32.50 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Susquehanna lifted their price objective on Marathon Oil from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, November 3rd. Raymond James decreased their price objective on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $25.00 price objective (down from $27.00) on shares of Marathon Oil in a research note on Monday, December 11th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.16.

Get Our Latest Analysis on Marathon Oil

Marathon Oil Stock Performance

Shares of MRO opened at $22.45 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $23.58 and a 200 day simple moving average of $25.39. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.44 and a beta of 2.22. Marathon Oil Co. has a 12 month low of $20.57 and a 12 month high of $29.56.

Marathon Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st will be issued a $0.11 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.44 annualized dividend and a yield of 1.96%. Marathon Oil’s dividend payout ratio is presently 16.30%.

Marathon Oil declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 1st that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas producer to repurchase up to 14.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Marathon Oil

(Free Report)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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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