Texas Permanent School Fund decreased its position in Marathon Oil Corporation (NYSE:MRO) by 5.1% during the third quarter, Holdings Channel reports. The fund owned 260,926 shares of the company’s stock after selling 14,087 shares during the period. Texas Permanent School Fund’s holdings in Marathon Oil Corporation were worth $4,125,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its stake in Marathon Oil Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 32,338 shares of the company’s stock worth $485,000 after buying an additional 126 shares in the last quarter. Blair William & Co. IL increased its stake in Marathon Oil Corporation by 1.6% in the second quarter. Blair William & Co. IL now owns 16,187 shares of the company’s stock worth $243,000 after buying an additional 249 shares in the last quarter. Kanaly Trust Co increased its stake in Marathon Oil Corporation by 1.6% in the second quarter. Kanaly Trust Co now owns 15,686 shares of the company’s stock worth $235,000 after buying an additional 250 shares in the last quarter. Pacer Advisors Inc. increased its stake in Marathon Oil Corporation by 1.8% in the second quarter. Pacer Advisors Inc. now owns 15,848 shares of the company’s stock worth $238,000 after buying an additional 277 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Marathon Oil Corporation by 0.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 127,819 shares of the company’s stock worth $1,919,000 after buying an additional 400 shares in the last quarter. Institutional investors own 82.07% of the company’s stock.

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

Shares of Marathon Oil Corporation (NYSE:MRO) traded down 0.11% on Friday, reaching $17.42. The company had a trading volume of 2,837,715 shares. The stock has a 50-day moving average price of $17.84 and a 200-day moving average price of $15.56. The stock’s market cap is $14.76 billion. Marathon Oil Corporation has a 12 month low of $6.52 and a 12 month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.10 billion. Marathon Oil Corporation had a negative return on equity of 4.91% and a negative net margin of 32.98%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) EPS. Analysts predict that Marathon Oil Corporation will post ($0.94) earnings per share for the current fiscal year.

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A number of research firms recently commented on MRO. Susquehanna reiterated a “neutral” rating on shares of Marathon Oil Corporation in a report on Wednesday, December 7th. Vetr upgraded Marathon Oil Corporation from a “sell” rating to a “hold” rating and set a $18.44 price objective for the company in a report on Wednesday, December 14th. Instinet downgraded Marathon Oil Corporation from a “buy” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $19.00 in a report on Thursday, December 15th. Nomura downgraded 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 company a “hold” rating in a report on Thursday. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.08.

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 (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.

5 Day Chart for NYSE:MRO

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