Public Employees Retirement Association of Colorado cut its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,914 shares of the oil and gas producer’s stock after selling 171 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Marathon Oil Corporation were worth $1,871,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Marathon Oil Corporation during the first quarter valued at about $103,000. Integrated Investment Consultants LLC increased its position in Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,287 shares in the last quarter. Exane Derivatives increased its position in Marathon Oil Corporation by 38.9% in the first quarter. Exane Derivatives now owns 9,907 shares of the oil and gas producer’s stock valued at $157,000 after buying an additional 2,775 shares in the last quarter. Klingenstein Fields & Co. LLC increased its position in Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 83 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in Marathon Oil Corporation during the first quarter valued at about $161,000. Institutional investors own 81.28% of the company’s stock.

Shares of Marathon Oil Corporation (MRO) opened at 12.05 on Friday. The firm’s market cap is $10.24 billion. Marathon Oil Corporation has a 12 month low of $11.20 and a 12 month high of $19.28. The company has a 50-day moving average of $11.90 and a 200-day moving average of $14.32.

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. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) earnings per share. Equities analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s payout ratio is -2.55%.

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Several research firms have issued reports on MRO. Scotiabank set a $21.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Barclays PLC set a $11.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 4th. Vetr downgraded shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a research note on Monday. Zacks Investment Research upgraded shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, KLR Group restated a “buy” rating and issued a $23.00 price objective (up previously from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. Marathon Oil Corporation presently has an average rating of “Hold” and an average price target of $17.30.

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.

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

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