DnB Asset Management AS decreased its position in shares of Marathon Oil Corporation (NYSE:MRO) by 29.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,609 shares of the oil and gas producer’s stock after selling 38,100 shares during the period. DnB Asset Management AS’s holdings in Marathon Oil Corporation were worth $1,086,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of 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 worth $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 worth $1,340,940,000 after buying an additional 2,870,533 shares during the last quarter. State Street Corp boosted its stake in shares of 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 worth $769,660,000 after buying an additional 811,608 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of 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 worth $766,613,000 after buying an additional 187,090 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Marathon Oil Corporation by 2.7% in the fourth quarter. Macquarie Group Ltd. now owns 25,323,989 shares of the oil and gas producer’s stock worth $438,358,000 after buying an additional 658,364 shares during the last quarter. Institutional investors own 81.28% of the company’s stock.

Marathon Oil Corporation (MRO) traded up 0.16% during midday trading on Tuesday, hitting $12.37. 13,110,947 shares of the stock traded hands. The company’s market cap is $10.51 billion. The firm’s 50-day moving average is $11.89 and its 200-day moving average is $14.47. Marathon Oil Corporation has a 52-week low of $11.20 and a 52-week high of $19.28. Marathon Oil Corporation also was the recipient of unusually large options trading activity on Monday. Traders bought 1,294 call options on the company. This represents an increase of 127% compared to the average volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.23) earnings per share. Analysts predict that Marathon Oil Corporation will post ($0.40) EPS for the current 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 issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s payout ratio is presently -2.55%.

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Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $19.00 to $15.00 in a research note on Wednesday, July 5th. Scotiabank reiterated a “buy” rating and issued a $19.00 target price on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. FBR & Co reiterated a “buy” rating and issued a $20.00 target price on shares of Marathon Oil Corporation in a research note on Monday, May 15th. Finally, ValuEngine cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Marathon Oil Corporation currently has a consensus rating of “Hold” and an average target price of $17.44.

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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