NJ State Employees Deferred Compensation Plan held its position in Marathon Oil Corporation (NYSE:MRO) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,000 shares of the oil and gas producer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Marathon Oil Corporation were worth $237,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Marathon Oil Corporation during the first quarter valued at $247,000. First Hawaiian Bank purchased a new position in Marathon Oil Corporation during the first quarter valued at $161,000. Oakbrook Investments LLC raised its position in Marathon Oil Corporation by 64.6% in the first quarter. Oakbrook Investments LLC now owns 70,850 shares of the oil and gas producer’s stock valued at $1,119,000 after buying an additional 27,800 shares during the period. Ledyard National Bank raised its position in Marathon Oil Corporation by 188.5% in the first quarter. Ledyard National Bank now owns 23,510 shares of the oil and gas producer’s stock valued at $371,000 after buying an additional 15,360 shares during the period. Finally, Hartford Financial Management Inc. raised its position in Marathon Oil Corporation by 14.4% in the first quarter. Hartford Financial Management Inc. now owns 24,282 shares of the oil and gas producer’s stock valued at $383,000 after buying an additional 3,051 shares during the period. 81.28% of the stock is owned by hedge funds and other institutional investors.

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

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.23) EPS. On average, equities analysts forecast that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors 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 dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s payout ratio is currently -2.55%.

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Several equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 target price on shares of Marathon Oil Corporation in a report on Thursday, April 13th. Vetr raised shares of Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 target price for the company in a report on Friday, April 14th. Barclays PLC reaffirmed a “hold” rating and set a $15.00 target price (down from $17.00) on shares of Marathon Oil Corporation in a report on Thursday, April 20th. Bank of America Corporation lowered shares of Marathon Oil Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $22.00 in a report on Thursday, May 11th. Finally, Zacks Investment Research lowered shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Marathon Oil Corporation presently has a consensus rating of “Hold” and an average target price of $17.30.

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

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