IFM Investors Pty Ltd Acquires Shares of 26,485 Marathon Oil Corporation (MRO)

IFM Investors Pty Ltd purchased a new position in shares of Marathon Oil Corporation (NYSE:MRO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,485 shares of the oil and gas producer’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc increased its holdings in Marathon Oil Corporation by 0.7% in the 1st quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock valued at $216,000 after purchasing an additional 100 shares during the last quarter. Eastern Bank increased its holdings in Marathon Oil Corporation by 0.6% in the 2nd quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after purchasing an additional 135 shares during the last quarter. Cleararc Capital Inc. increased its holdings in Marathon Oil Corporation by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock valued at $328,000 after purchasing an additional 149 shares during the last quarter. Freestone Capital Holdings LLC increased its holdings in Marathon Oil Corporation by 1.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 150 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its position in Marathon Oil Corporation by 0.8% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock valued at $304,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.98% of the company’s stock.

Shares of Marathon Oil Corporation (MRO) opened at 12.79 on Friday. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28. The stock’s market cap is $10.87 billion. The firm has a 50 day moving average of $11.58 and a 200 day moving average of $13.29.

Marathon Oil Corporation (NYSE:MRO) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.56%. Marathon Oil Corporation’s payout ratio is -2.55%.

Several equities analysts have commented on MRO shares. Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Wednesday, July 5th. Royal Bank Of Canada set a $20.00 price objective on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, June 2nd. Stephens initiated coverage on shares of Marathon Oil Corporation in a research report on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 price objective for the company. Finally, ValuEngine cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.33.

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About Marathon Oil Corporation

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.

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

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