Teacher Retirement System of Texas increased its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 339,666 shares of the oil and gas producer’s stock after buying an additional 454 shares during the period. Teacher Retirement System of Texas’ holdings in Marathon Oil Corporation were worth $4,025,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Klingenstein Fields & Co. LLC raised its position in shares of 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 valued at $159,000 after buying an additional 83 shares during the last quarter. Focused Wealth Management Inc raised its position in shares of 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 during the last quarter. Eastern Bank raised its position in shares of 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 during the last quarter. Cleararc Capital Inc. raised its position in shares of 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 during the last quarter. Finally, Berkshire Asset Management LLC PA raised its position in shares of 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 during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 10.82 on Friday. The stock’s 50 day moving average is $11.90 and its 200-day moving average is $14.10. Marathon Oil Corporation has a 52 week low of $10.80 and a 52 week high of $19.28. The firm’s market cap is $9.20 billion.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned ($0.23) EPS. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts predict that Marathon Oil Corporation will post ($0.45) EPS for the current fiscal year.

The business 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. This represents a $0.20 annualized dividend and a dividend yield of 1.85%. 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 brokerages recently commented on MRO. Scotiabank set a $21.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Saturday, May 6th. Morgan Stanley raised shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Saturday, June 24th. KLR Group reaffirmed a “buy” rating and issued a $23.00 price objective (up from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Marathon Oil Corporation in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. Marathon Oil Corporation has an average rating of “Hold” and a consensus 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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