Tdam USA Inc. lowered its position in Marathon Oil Corporation (NYSE:MRO) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 14,054 shares of the oil and gas producer’s stock after selling 1,071 shares during the period. Tdam USA Inc.’s holdings in Marathon Oil Corporation were worth $165,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Ameriprise Financial Inc. increased its position in Marathon Oil Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock worth $57,689,000 after buying an additional 164,096 shares during the last quarter. Engineers Gate Manager LP increased its position in Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock worth $1,804,000 after buying an additional 26,295 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Marathon Oil Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer’s stock worth $56,480,000 after buying an additional 171,406 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after buying an additional 1,905 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

Shares of 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 company’s 50-day moving average price is $11.90 and its 200 day moving average price is $14.32. The firm’s market capitalization is $10.24 billion.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company posted ($0.23) earnings per share. Marathon Oil Corporation’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

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

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A number of research analysts have weighed in on the company. Citigroup Inc. decreased their price target on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Barclays PLC set a $11.00 price target on Marathon Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 4th. Bank of America Corporation downgraded Marathon Oil Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $22.00 in a research note on Thursday, May 11th. Vetr upgraded Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 price target for the company in a research note on Friday, April 14th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Marathon Oil Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 price target for the company. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus 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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