First Allied Advisory Services Inc. boosted its holdings in Marathon Oil Corporation (NYSE:MRO) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,154 shares of the oil and gas producer’s stock after acquiring an additional 1,434 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Marathon Oil Corporation were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in Marathon Oil Corporation by 4,827.5% in the 1st quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after acquiring an additional 105,001,815 shares during the period. Vanguard Group Inc. increased its position in Marathon Oil Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after acquiring an additional 1,808,213 shares during the period. State Street Corp increased its position in Marathon Oil Corporation by 1.7% in the 1st quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer’s stock valued at $769,660,000 after acquiring an additional 811,608 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Marathon Oil Corporation by 0.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock valued at $766,613,000 after acquiring an additional 187,090 shares during the period. Finally, Franklin Resources Inc. increased its position in Marathon Oil Corporation by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock valued at $418,709,000 after acquiring an additional 172,691 shares during the period. Hedge funds and other institutional investors own 80.98% of the company’s stock.

MRO has been the topic of several analyst reports. BidaskClub upgraded Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley upgraded Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Seaport Global Securities cut Marathon Oil Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the company from $17.00 to $9.00 in a research report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 target price on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Marathon Oil Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 target price on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.28.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 13.55 on Friday. The stock has a 50 day moving average price of $12.11 and a 200 day moving average price of $13.11. The firm’s market cap is $11.52 billion. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last issued its 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 net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted ($0.23) EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.46) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

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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.

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

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