Aberdeen Asset Management PLC UK increased its position in Marathon Oil Corporation (NYSE:MRO) by 38.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 382,601 shares of the oil and gas producer’s stock after purchasing an additional 105,846 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Marathon Oil Corporation were worth $4,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Focused Wealth Management Inc lifted 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 worth $216,000 after purchasing an additional 100 shares during the period. Eastern Bank lifted 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 worth $254,000 after purchasing an additional 135 shares during the period. Cleararc Capital Inc. lifted 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 worth $328,000 after purchasing an additional 149 shares during the period. Freestone Capital Holdings LLC lifted its position in Marathon Oil Corporation by 1.1% in the second quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 150 shares during the period. Finally, Berkshire Asset Management LLC PA lifted 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 worth $304,000 after purchasing an additional 200 shares during the period. 80.98% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on MRO shares. FBR & Co reaffirmed a “buy” rating and issued a $20.00 target price on shares of Marathon Oil Corporation in a research report on Tuesday, May 23rd. ValuEngine cut Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $20.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Morgan Stanley raised Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $17.00 to $14.00 in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.33.

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Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.00 on Friday. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The firm’s market capitalization is $10.20 billion. The stock has a 50 day moving average price of $11.60 and a 200-day moving average price of $13.39.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data 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). Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned ($0.23) earnings per share. Marathon Oil Corporation’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.67%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

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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