Letko Brosseau & Associates Inc. cut its position in Marathon Oil Corporation (NYSE:MRO) by 10.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,099,618 shares of the company’s stock after selling 243,752 shares during the period. Letko Brosseau & Associates Inc. owned approximately 0.25% of Marathon Oil Corporation worth $36,344,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. B & T Capital Management DBA Alpha Capital Management raised its stake in Marathon Oil Corporation by 13.4% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 18,586 shares of the company’s stock worth $279,000 after buying an additional 2,200 shares during the last quarter. BlackRock Advisors LLC raised its stake in Marathon Oil Corporation by 2.0% in the second quarter. BlackRock Advisors LLC now owns 29,510,152 shares of the company’s stock worth $442,948,000 after buying an additional 577,684 shares during the last quarter. Twin Capital Management Inc. raised its stake in Marathon Oil Corporation by 8.0% in the second quarter. Twin Capital Management Inc. now owns 304,740 shares of the company’s stock worth $4,574,000 after buying an additional 22,520 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Marathon Oil Corporation by 11.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 13,173 shares of the company’s stock worth $198,000 after buying an additional 1,352 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in Marathon Oil Corporation during the second quarter worth approximately $208,000. 81.96% of the stock is owned by institutional investors and hedge funds.

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

Shares of Marathon Oil Corporation (NYSE:MRO) traded down 0.80% during trading on Thursday, hitting $16.17. The stock had a trading volume of 23,879,306 shares. Marathon Oil Corporation has a 12-month low of $6.52 and a 12-month high of $19.28. The firm’s market cap is $13.70 billion. The firm has a 50 day moving average price of $17.15 and a 200 day moving average price of $15.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. Marathon Oil Corporation’s dividend payout ratio is presently -9.26%.

This article was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this article can be read at http://www.watchlistnews.com/marathon-oil-corporation-mro-shares-sold-by-letko-brosseau-associates-inc/1120636.html.

A number of analysts have commented on the company. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of Marathon Oil Corporation in a report on Wednesday, December 7th. Instinet lowered Marathon Oil Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $15.00 to $19.00 in a report on Thursday, December 15th. Vetr raised Marathon Oil Corporation from a “sell” rating to a “hold” rating and set a $18.44 target price for the company in a report on Wednesday, December 14th. Nomura lowered Marathon Oil Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, December 15th. Finally, Canaccord Genuity set a $16.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Saturday, January 21st. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.63.

Marathon Oil Corporation Company Profile

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 segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment , which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.

5 Day Chart for NYSE:MRO

Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Corporation (NYSE:MRO).

Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.