Traynor Capital Management Inc. reduced its position in shares of Marathon Oil Corporation (NYSE:MRO) by 26.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,796 shares of the oil and gas producer’s stock after selling 5,054 shares during the period. Traynor Capital Management Inc.’s holdings in Marathon Oil Corporation were worth $168,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Marathon Oil Corporation during the first quarter worth approximately $103,000. Integrated Investment Consultants LLC boosted its stake in shares of 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 worth $107,000 after buying an additional 2,287 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares during the period. IBM Retirement Fund acquired a new stake in shares of Marathon Oil Corporation during the second quarter worth approximately $149,000. Finally, Exane Derivatives boosted its stake in shares of 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 worth $157,000 after buying an additional 2,775 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.12 on Friday. The firm’s market cap is $10.30 billion. Marathon Oil Corporation has a 12 month low of $11.20 and a 12 month high of $19.28. The stock’s 50 day moving average is $11.92 and its 200 day moving average is $14.28.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly 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. The business 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 firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.23) EPS. On average, analysts anticipate that Marathon Oil Corporation will post ($0.45) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.65%. 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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A number of brokerages have recently commented on MRO. Jefferies Group LLC cut shares of Marathon Oil Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $16.00 in a research report on Wednesday, May 17th. FBR & Co reiterated a “buy” rating and issued a $20.00 target price on shares of Marathon Oil Corporation in a research report on Tuesday, May 23rd. Morgan Stanley upgraded shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on shares of Marathon Oil Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 target price for the company. Finally, Barclays PLC reiterated a “hold” rating and issued a $15.00 target price (down from $17.00) on shares of Marathon Oil Corporation in a research report on Thursday, April 20th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The company presently has an average 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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