Stevens Capital Management LP acquired a new stake in Marathon Oil Corporation (NYSE:MRO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 193,759 shares of the oil and gas producer’s stock, valued at approximately $2,296,000.

Several other large investors also recently modified their holdings of MRO. Advisors Asset Management Inc. lifted its position in shares of Marathon Oil Corporation by 8.7% in the first quarter. Advisors Asset Management Inc. now owns 22,783 shares of the oil and gas producer’s stock valued at $360,000 after acquiring an additional 1,820 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Marathon Oil Corporation in the first quarter valued at $310,000. UBS Asset Management Americas Inc. lifted its position in shares of Marathon Oil Corporation by 3.9% in the first quarter. UBS Asset Management Americas Inc. now owns 3,397,947 shares of the oil and gas producer’s stock valued at $53,688,000 after acquiring an additional 126,247 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Marathon Oil Corporation by 7.1% in the first quarter. Norinchukin Bank The now owns 55,052 shares of the oil and gas producer’s stock valued at $870,000 after acquiring an additional 3,656 shares in the last quarter. Finally, Davidson & Garrard Inc. purchased a new stake in shares of Marathon Oil Corporation in the first quarter valued at $224,000. Institutional investors and hedge funds own 80.98% of the company’s stock.

Several brokerages have recently issued reports on MRO. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC set a $16.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Saturday, June 24th. Vetr downgraded Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a research report on Monday, August 7th. Finally, BidaskClub downgraded Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.33.

Shares of Marathon Oil Corporation (NYSE MRO) opened at 12.42 on Thursday. The stock has a 50 day moving average price of $11.58 and a 200-day moving average price of $13.29. The firm’s market cap is $10.55 billion. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. Marathon Oil Corporation also was the recipient of some unusual options trading on Monday. Stock traders purchased 1,294 call options on the company. This is an increase of approximately 127% compared to the average daily volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned ($0.23) EPS. Marathon Oil Corporation’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

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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.

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

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