Russell Investments Group Ltd. boosted its stake in Marathon Oil Corporation (NYSE:MRO) by 905.6% during the second quarter, Holdings Channel reports. The fund owned 1,097,465 shares of the oil and gas producer’s stock after buying an additional 988,329 shares during the period. Russell Investments Group Ltd.’s holdings in Marathon Oil Corporation were worth $13,005,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MRO. BlackRock Inc. raised its stake in 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 valued at $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 valued at $1,340,940,000 after buying an additional 2,870,533 shares during the last quarter. State Street Corp raised its stake in 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 valued at $769,660,000 after buying an additional 811,608 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake 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 raised its stake 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. 81.28% of the stock is owned by institutional investors.

Shares of Marathon Oil Corporation (NYSE:MRO) traded up 0.58% during trading on Friday, hitting $12.12. 11,705,821 shares of the stock were exchanged. The firm’s 50 day moving average price is $11.92 and its 200-day moving average price is $14.28. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28. The stock’s market cap is $10.30 billion.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned ($0.23) earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Marathon Oil Corporation will post ($0.45) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders 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 dividend yield of 1.65%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.

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Several analysts have recently weighed in on MRO shares. Zacks Investment Research raised shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Scotiabank reaffirmed a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a report on Thursday, August 3rd. ValuEngine lowered shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, FBR & Co reaffirmed a “buy” rating and set a $20.00 price objective on shares of Marathon Oil Corporation in a report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Marathon Oil Corporation has a consensus 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.

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

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