Great West Life Assurance Co. Can increased its position in Marathon Oil Corporation (NYSE:MRO) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 918,421 shares of the company’s stock after buying an additional 26,040 shares during the period. Great West Life Assurance Co. Can’s holdings in Marathon Oil Corporation were worth $14,502,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Mraz Amerine & Associates Inc. increased its position in shares of Marathon Oil Corporation by 142.9% in the second quarter. Mraz Amerine & Associates Inc. now owns 45,725 shares of the company’s stock worth $686,000 after buying an additional 26,900 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Marathon Oil Corporation by 69.3% in the second quarter. Retirement Systems of Alabama now owns 743,054 shares of the company’s stock worth $11,153,000 after buying an additional 304,246 shares during the last quarter. Boston Advisors LLC bought a new position in shares of Marathon Oil Corporation during the second quarter worth approximately $163,000. Conning Inc. increased its position in shares of Marathon Oil Corporation by 7.0% in the second quarter. Conning Inc. now owns 25,062 shares of the company’s stock worth $376,000 after buying an additional 1,650 shares during the last quarter. Finally, Strs Ohio increased its position in shares of Marathon Oil Corporation by 4.1% in the second quarter. Strs Ohio now owns 536,595 shares of the company’s stock worth $8,054,000 after buying an additional 21,064 shares during the last quarter. Hedge funds and other institutional investors own 82.07% of the company’s stock.

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

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 17.44 on Friday. The stock has a 50 day moving average price of $17.84 and a 200 day moving average price of $15.56. Marathon Oil Corporation has a 12-month low of $6.52 and a 12-month high of $19.28. The stock’s market capitalization is $14.78 billion.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.09. Marathon Oil Corporation had a negative return on equity of 4.91% and a negative net margin of 32.98%. The firm earned $1.23 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned ($0.20) EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Oil Corporation will post ($0.94) earnings per share for the current fiscal year.

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A number of brokerages recently commented on MRO. Susquehanna reiterated a “neutral” rating on shares of Marathon Oil Corporation in a research report on Wednesday, December 7th. Vetr raised Marathon Oil Corporation from a “sell” rating to a “hold” rating and set a $18.44 target price for the company in a research note on Wednesday, December 14th. Instinet cut Marathon Oil Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $15.00 to $19.00 in a research note on Thursday, December 15th. Nomura cut Marathon Oil Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, December 15th. Finally, RBC Capital Markets reissued a “hold” rating and set a $20.00 target price on shares of Marathon Oil Corporation in a research note on Tuesday, January 3rd. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Marathon Oil Corporation presently has a consensus rating of “Buy” and a consensus target price of $18.08.

About Marathon Oil Corporation

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

5 Day Chart for NYSE:MRO

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