Trade Report: Today: Amica Mutual Insurance Co. Sold shares of Marathon Oil Corp. (MRO)

Today: Amica Mutual Insurance Co. Sold shares of Marathon Oil Corp. (MRO)

Amica Mutual Insurance Co. decreased its stake in shares of Marathon Oil Corp. (NYSE:MRO) by 52.8% during the third quarter, Holdings Channel reports. The institutional investor owned 160,745 shares of the company’s stock after selling 179,675 shares during the period. Amica Mutual Insurance Co.’s holdings in Marathon Oil Corp. were worth $2,541,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MRO. I.G. Investment Management LTD. bought a new position in shares of Marathon Oil Corp. during the second quarter valued at about $101,000. Integrated Investment Consultants LLC boosted its position in shares of Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock valued at $106,000 after buying an additional 2,234 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Marathon Oil Corp. by 89.6% in the third quarter. Global X Management Co. LLC now owns 6,683 shares of the company’s stock valued at $106,000 after buying an additional 3,158 shares in the last quarter. Hallmark Capital Management Inc. bought a new position in shares of Marathon Oil Corp. during the second quarter valued at about $111,000. Finally, Exane Derivatives bought a new position in shares of Marathon Oil Corp. during the second quarter valued at about $112,000. Institutional investors own 81.77% of the company’s stock.

Shares of Marathon Oil Corp. (NYSE:MRO) traded down 0.43% during mid-day trading on Monday, hitting $16.21. 4,518,859 shares of the stock were exchanged. Marathon Oil Corp. has a 52-week low of $6.52 and a 52-week high of $17.86. The company’s market cap is $13.73 billion. The stock’s 50-day moving average price is $14.78 and its 200-day moving average price is $14.52.

Marathon Oil Corp. (NYSE:MRO) last released its earnings results on Wednesday, November 2nd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. The company earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Marathon Oil Corp. had a negative net margin of 32.98% and a negative return on equity of 4.91%. Marathon Oil Corp.’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the business earned ($0.20) EPS. Equities research analysts anticipate that Marathon Oil Corp. will post ($0.91) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -9.26%.

MRO has been the topic of several research analyst reports. Bank of America Corp. set a $21.00 price target on shares of Marathon Oil Corp. and gave the company a “buy” rating in a research report on Thursday, September 8th. Jefferies Group set a $18.00 price target on shares of Marathon Oil Corp. and gave the company a “buy” rating in a research report on Wednesday, September 7th. Deutsche Bank AG restated a “buy” rating on shares of Marathon Oil Corp. in a report on Friday, November 4th. Vetr cut shares of Marathon Oil Corp. from a “strong-buy” rating to a “buy” rating and set a $16.50 price objective on the stock. in a report on Tuesday, November 15th. Finally, R. F. Lafferty began coverage on shares of Marathon Oil Corp. in a report on Monday. They issued a “buy” rating and a $29.00 price objective on the stock. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Marathon Oil Corp. presently has an average rating of “Hold” and a consensus price target of $17.67.

About Marathon Oil Corp.

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. 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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