Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Marathon Oil Corporation (NYSE:MRO) by 15.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,392 shares of the oil and gas producer’s stock after buying an additional 11,883 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Marathon Oil Corporation were worth $1,036,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its position in Marathon Oil Corporation by 4,827.5% during 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. increased its position in Marathon Oil Corporation by 3.5% during 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 increased its position in Marathon Oil Corporation by 1.7% during 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 increased its position in Marathon Oil Corporation by 0.4% during 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, Geode Capital Management LLC increased its position in Marathon Oil Corporation by 8.9% during the first quarter. Geode Capital Management LLC now owns 8,359,359 shares of the oil and gas producer’s stock worth $131,890,000 after buying an additional 679,869 shares during the last quarter. 80.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 11.27 on Tuesday. 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 $9.58 billion. The company’s 50-day moving average price is $11.68 and its 200-day moving average price is $13.68. Marathon Oil Corporation also was the recipient of unusually large options trading activity on Monday. Investors purchased 1,294 call options on the company. This represents an increase of approximately 127% compared to the average volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last announced its earnings results 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.77%. Marathon Oil Corporation’s payout ratio is presently -2.55%.

Several research firms have commented on MRO. Bank of America Corporation downgraded shares of Marathon Oil Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $22.00 in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. FBR & Co reissued a “buy” rating and set a $20.00 target price on shares of Marathon Oil Corporation in a research report on Tuesday, May 23rd. Scotiabank set a $23.00 target price on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC downgraded shares of Marathon Oil Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $16.00 in a research report on Wednesday, May 17th. Three 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. The stock currently has an average rating of “Hold” and an average price target of $17.33.

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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.

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

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