Marathon Oil Corporation (NYSE:MRO) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in Marathon Oil Corporation (NYSE:MRO) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,700 shares of the oil and gas producer’s stock after buying an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Marathon Oil Corporation were worth $624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Marathon Oil Corporation by 14.4% in the second quarter. LS Investment Advisors LLC now owns 40,222 shares of the oil and gas producer’s stock valued at $477,000 after buying an additional 5,056 shares in the last quarter. Exane Derivatives boosted its position in shares of Marathon Oil Corporation by 39.2% in the second quarter. Exane Derivatives now owns 13,795 shares of the oil and gas producer’s stock valued at $163,000 after buying an additional 3,888 shares in the last quarter. Ledyard National Bank boosted its position in shares of Marathon Oil Corporation by 8.7% in the second quarter. Ledyard National Bank now owns 25,545 shares of the oil and gas producer’s stock valued at $303,000 after buying an additional 2,035 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Marathon Oil Corporation by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 137,541 shares of the oil and gas producer’s stock valued at $1,630,000 after buying an additional 114,947 shares in the last quarter. Finally, Hallmark Capital Management Inc. boosted its position in shares of Marathon Oil Corporation by 123.0% in the second quarter. Hallmark Capital Management Inc. now owns 14,050 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 7,750 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Shares of Marathon Oil Corporation (MRO) opened at 10.87 on Friday. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The firm’s 50 day moving average price is $11.87 and its 200-day moving average price is $14.06. The company’s market capitalization 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 for the quarter, missing the consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion for 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 revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) earnings per share. Analysts expect that Marathon Oil Corporation will post ($0.45) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

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Several brokerages have recently issued reports on MRO. BidaskClub cut shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Friday. KLR Group restated a “buy” rating and issued a $23.00 target price (up previously from $21.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target (up previously from $13.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a report on Monday, August 7th. Finally, Barclays PLC set a $11.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock 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.

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

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