Korea Investment CORP raised its position in shares of Marathon Oil Corporation (NYSE:MRO) by 101.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 559,863 shares of the oil and gas producer’s stock after buying an additional 282,113 shares during the period. Korea Investment CORP’s holdings in Marathon Oil Corporation were worth $6,634,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Klingenstein Fields & Co. LLC increased its stake in 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 worth $159,000 after buying an additional 83 shares during the period. Focused Wealth Management Inc boosted its position in Marathon Oil Corporation by 0.7% in the first quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock valued at $216,000 after buying an additional 100 shares in the last quarter. Eastern Bank boosted its position in Marathon Oil Corporation by 0.6% in the second quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after buying an additional 135 shares in the last quarter. Cleararc Capital Inc. boosted its position in Marathon Oil Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock valued at $328,000 after buying an additional 149 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its position in Marathon Oil Corporation by 0.8% in the second quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock valued at $304,000 after buying an additional 200 shares in the last quarter. Institutional investors own 81.28% of the company’s stock.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.05 on Friday. Marathon Oil Corporation has a 12 month low of $11.20 and a 12 month high of $19.28. The company’s market cap is $10.24 billion. The stock has a 50 day moving average of $11.90 and a 200-day moving average of $14.32.

Marathon Oil Corporation (NYSE:MRO) last posted 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.23) EPS. Equities analysts forecast that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.66%. Marathon Oil Corporation’s payout ratio is -2.55%.

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Several equities analysts recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and issued a $17.00 target price on shares of Marathon Oil Corporation in a research note on Thursday, April 13th. Vetr raised shares of Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 target price for the company in a research note on Friday, April 14th. Barclays PLC reissued a “hold” rating and issued a $15.00 target price (down from $17.00) on shares of Marathon Oil Corporation in a research note on Thursday, April 20th. Bank of America Corporation cut shares of Marathon Oil Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $22.00 in a research note on Thursday, May 11th. Finally, Zacks Investment Research cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. Marathon Oil Corporation presently has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Marathon Oil Corporation (NYSE:MRO)

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