Freestone Capital Holdings LLC lifted its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,150 shares of the oil and gas producer’s stock after purchasing an additional 150 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Marathon Oil Corporation were worth $168,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Focused Wealth Management Inc boosted its position in shares of Marathon Oil Corporation by 0.7% during the 1st quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock worth $216,000 after purchasing an additional 100 shares in the last quarter. Eastern Bank boosted its position in shares of Marathon Oil Corporation by 0.6% during the 2nd quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 135 shares in the last quarter. Cleararc Capital Inc. boosted its position in shares of Marathon Oil Corporation by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 149 shares in the last quarter. Berkshire Asset Management LLC PA boosted its position in shares of Marathon Oil Corporation by 0.8% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 200 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Marathon Oil Corporation by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 234 shares in the last quarter. 80.98% of the stock is currently owned by institutional investors.

Shares of Marathon Oil Corporation (NYSE MRO) opened at 11.31 on Monday. The stock’s 50 day moving average is $11.64 and its 200 day moving average is $13.54. The stock’s market cap is $9.61 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 released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Marathon Oil Corporation will post ($0.45) EPS for the current year.

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

A number of research firms have recently issued reports on MRO. Jefferies Group LLC cut shares of Marathon Oil Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $16.00 in a research report on Wednesday, May 17th. FBR & Co restated a “buy” rating and issued a $20.00 target price on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. Morgan Stanley upgraded shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $17.00 to $14.00 in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) started coverage on shares of Marathon Oil Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 target price on the stock. Finally, Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.33.

TRADEMARK VIOLATION WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/09/11/marathon-oil-corporation-mro-shares-bought-by-freestone-capital-holdings-llc.html.

Marathon Oil Corporation 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.

Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Corporation (NYSE:MRO).

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

Receive News & Stock Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related stocks with our FREE daily email newsletter.