Stephens Inc. AR trimmed its stake in Marathon Oil Corporation (NYSE:MRO) by 17.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,698 shares of the oil and gas producer’s stock after selling 2,521 shares during the quarter. Stephens Inc. AR’s holdings in Marathon Oil Corporation were worth $139,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in MRO. Integrated Investment Consultants LLC grew its holdings in Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,287 shares during the period. Dupont Capital Management Corp purchased a new stake in Marathon Oil Corporation during the second quarter worth approximately $122,000. JFS Wealth Advisors LLC grew its stake in Marathon Oil Corporation by 27.6% during the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares during the period. IBM Retirement Fund purchased a new stake in Marathon Oil Corporation during the second quarter worth approximately $149,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Marathon Oil Corporation during the second quarter worth approximately $150,000. Hedge funds and other institutional investors own 80.98% of the company’s stock.

MRO has been the subject of several analyst reports. Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and cut their price target for the company from $19.00 to $15.00 in a report on Wednesday, July 5th. Royal Bank Of Canada set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, June 2nd. Stephens assumed coverage on shares of Marathon Oil Corporation in a report on Wednesday, July 12th. They issued an “equal weight” rating and a $14.00 price target on the stock. Finally, ValuEngine cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.33.

Marathon Oil Corporation (MRO) opened at 12.79 on Monday. The stock’s 50 day moving average price is $11.58 and its 200 day moving average price is $13.29. The firm’s market capitalization is $10.87 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $1.03 billion. During the same quarter last year, the business earned ($0.23) earnings per share. Marathon Oil Corporation’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.56%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

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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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