Oregon Public Employees Retirement Fund maintained its position in shares of Marathon Oil Corporation (NYSE:MRO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 255,555 shares of the oil and gas producer’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Marathon Oil Corporation were worth $3,028,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Marathon Oil Corporation during the first quarter valued at approximately $103,000. Integrated Investment Consultants LLC increased 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 valued at $107,000 after buying an additional 2,287 shares during the last quarter. Exane Derivatives increased 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 valued at $157,000 after buying an additional 2,775 shares during the last quarter. Klingenstein Fields & Co. LLC increased its stake in shares of 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 during the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Marathon Oil Corporation during the first quarter valued at approximately $161,000. 80.22% of the stock is owned by institutional investors.
Marathon Oil Corporation (NYSE:MRO) traded up 0.46% during trading on Friday, reaching $10.87. 28,729,837 shares of the company were exchanged. The company’s market capitalization is $9.24 billion. The firm’s 50-day moving average is $11.87 and its 200 day moving average is $14.06. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last announced its 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 company 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 revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) earnings per share. On average, analysts anticipate that Marathon Oil Corporation will post ($0.45) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.
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Several brokerages recently commented on MRO. Scotiabank set a $21.00 target price on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. BidaskClub downgraded shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Friday. KLR Group reiterated 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, August 9th. Barclays PLC set a $11.00 price objective on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC set a $16.00 price objective on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Saturday, June 24th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently 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.
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