Tokio Marine Asset Management Co. Ltd. Has $148,000 Position in Marathon Oil Corporation (NYSE:MRO)

Tokio Marine Asset Management Co. Ltd. lowered its position in Marathon Oil Corporation (NYSE:MRO) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,517 shares of the oil and gas producer’s stock after selling 1,261 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Marathon Oil Corporation were worth $148,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of 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. Vanguard Group Inc. increased its position in shares of Marathon Oil Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock worth $1,340,940,000 after buying an additional 2,870,533 shares during the last quarter. State Street Corp increased its position in shares of Marathon Oil Corporation by 1.7% in the first quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer’s stock worth $769,660,000 after buying an additional 811,608 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Marathon Oil Corporation by 0.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock valued at $766,613,000 after buying an additional 187,090 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Marathon Oil Corporation by 8.9% in the first quarter. Geode Capital Management LLC now owns 8,359,359 shares of the oil and gas producer’s stock valued at $131,890,000 after buying an additional 679,869 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marathon Oil Corporation (NYSE:MRO) traded up 0.46% during mid-day trading on Friday, hitting $10.87. 28,729,837 shares of the stock were exchanged. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28. The company has a 50-day moving average of $11.87 and a 200 day moving average of $14.06. The stock’s market cap is $9.24 billion.

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 (EPS) 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company earned ($0.23) EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts predict that Marathon Oil Corporation will post ($0.45) earnings per share for the current year.

The company 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 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s payout ratio is -2.55%.

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MRO has been the topic of several research reports. Royal Bank Of Canada set a $20.00 target price on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. raised Marathon Oil Corporation from a “neutral” rating to a “buy” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Wednesday, July 5th. Stephens initiated coverage on Marathon Oil Corporation in a research report on Wednesday, July 12th. They issued an “equal weight” rating and a $14.00 target price on the stock. ValuEngine downgraded Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. 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’s stock. The stock has an average rating of “Hold” and an average target price 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.

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

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