Robeco Institutional Asset Management B.V. reduced its position in shares of Marathon Oil Corporation (NYSE:MRO) by 95.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,570 shares of the oil and gas producer’s stock after selling 1,609,777 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Marathon Oil Corporation were worth $872,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its position in shares of Marathon Oil Corporation by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after buying an additional 1,905 shares during the period. Dupont Capital Management Corp bought a new position in Marathon Oil Corporation in the second quarter valued at approximately $122,000. Ameriprise Financial Inc. lifted its stake in shares of Marathon Oil Corporation by 4.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock valued at $57,689,000 after purchasing an additional 164,096 shares during the period. Finally, Engineers Gate Manager LP lifted its stake in Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock valued at $1,804,000 after buying an additional 26,295 shares during the period. 80.98% of the stock is currently owned by institutional investors and hedge funds.
MRO has been the topic of several research reports. ValuEngine lowered Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $20.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley upgraded Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $17.00 to $14.00 in a research note on Wednesday, June 21st. Finally, Seaport Global Securities cut shares of Marathon Oil Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $17.00 to $9.00 in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.33.
Marathon Oil Corporation (NYSE MRO) opened at 12.79 on Friday. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28. The firm has a 50-day moving average price of $11.58 and a 200 day moving average price of $13.29. The stock’s market capitalization is $10.87 billion.
Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.
Marathon Oil Corporation Company Profile
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.
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