GAM Holding AG held its stake in Marathon Oil Corporation (NYSE:MRO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 396,446 shares of the oil and gas producer’s stock at the end of the second quarter. GAM Holding AG’s holdings in Marathon Oil Corporation were worth $4,698,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in Marathon Oil Corporation by 3.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,211,114 shares of the oil and gas producer’s stock valued at $14,352,000 after buying an additional 35,931 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Marathon Oil Corporation during the second quarter valued at $10,095,000. BB&T Securities LLC boosted its stake in Marathon Oil Corporation by 114.1% in the second quarter. BB&T Securities LLC now owns 26,359 shares of the oil and gas producer’s stock valued at $312,000 after buying an additional 14,048 shares during the last quarter. Blair William & Co. IL boosted its stake in Marathon Oil Corporation by 1.3% in the second quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock valued at $215,000 after buying an additional 234 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in Marathon Oil Corporation by 42.8% in the second quarter. Deprince Race & Zollo Inc. now owns 126,360 shares of the oil and gas producer’s stock valued at $1,497,000 after buying an additional 37,850 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marathon Oil Corporation (MRO) opened at 11.05 on Friday. The stock’s 50 day moving average is $11.75 and its 200 day moving average is $13.85. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28. The stock’s market capitalization is $9.39 billion.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data 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. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. Marathon Oil Corporation’s revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Marathon Oil Corporation will post ($0.44) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.81%. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.

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Several analysts have weighed in on the company. BidaskClub cut Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. KLR Group reaffirmed a “buy” rating and set a $23.00 price objective (up from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and set a $14.00 target price (up from $13.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price for the company. in a report on Monday, August 7th. Finally, Barclays PLC set a $11.00 target price on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.30.

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.

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

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