Marathon Oil Corporation (MRO) Position Decreased by Tdam USA Inc.

Tdam USA Inc. lowered its position in shares of Marathon Oil Corporation (NYSE:MRO) by 7.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor 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 SEC filing.

Several other large investors also recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Marathon Oil Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 731,659 shares of the oil and gas producer’s stock worth $11,560,000 after buying an additional 22,402 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Marathon Oil Corporation by 2.8% in the first quarter. Raymond James Trust N.A. now owns 35,353 shares of the oil and gas producer’s stock worth $559,000 after buying an additional 947 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Marathon Oil Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 261,245 shares of the oil and gas producer’s stock worth $4,127,000 after buying an additional 3,900 shares in the last quarter. National Pension Service bought a new stake in shares of Marathon Oil Corporation during the first quarter worth $12,622,000. Finally, Bank of Montreal Can boosted its stake in shares of Marathon Oil Corporation by 91.1% in the first quarter. Bank of Montreal Can now owns 2,091,771 shares of the oil and gas producer’s stock worth $33,050,000 after buying an additional 997,175 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

Marathon Oil Corporation (NYSE:MRO) opened at 12.05 on Friday. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28. The stock’s market cap is $10.24 billion. The company has a 50-day moving average price of $11.90 and a 200-day moving average price of $14.32.

Marathon Oil Corporation (NYSE:MRO) last released its earnings results 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted ($0.23) EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

The business 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s payout ratio is -2.55%.

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A number of equities research analysts recently weighed in on MRO shares. BMO Capital Markets restated a “hold” rating and set a $17.00 price objective on shares of Marathon Oil Corporation in a research note on Thursday, April 13th. Vetr upgraded shares of Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 price objective on the stock in a research note on Friday, April 14th. Barclays PLC restated a “hold” rating and set a $15.00 price objective (down from $17.00) on shares of Marathon Oil Corporation in a research note on Thursday, April 20th. FBR & Co restated a “buy” rating and set a $20.00 price objective on shares of Marathon Oil Corporation in a research note on Friday, May 5th. Finally, 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. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. Marathon Oil Corporation currently has a consensus rating of “Hold” and a consensus 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.

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

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