Kennedy Capital Management Inc. decreased its position in Marathon Oil Corporation (NYSE:MRO) by 7.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 237,980 shares of the oil and gas producer’s stock after selling 18,702 shares during the period. Kennedy Capital Management Inc.’s holdings in Marathon Oil Corporation were worth $2,820,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Focused Wealth Management Inc grew its holdings in Marathon Oil Corporation by 0.7% in the first quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock valued at $216,000 after purchasing an additional 100 shares during the last quarter. Eastern Bank boosted its stake in shares of Marathon Oil Corporation by 0.6% during the second quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after acquiring an additional 135 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Marathon Oil Corporation by 0.7% during the first quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock valued at $328,000 after acquiring an additional 149 shares during the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Marathon Oil Corporation by 0.8% during the second quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock valued at $304,000 after acquiring an additional 200 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Marathon Oil Corporation by 1.3% during 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 acquiring an additional 234 shares during the last quarter. 80.98% of the stock is currently owned by institutional investors.

MRO has been the topic of a number of analyst reports. Zacks Investment Research raised Marathon Oil Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. raised Marathon Oil Corporation from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $19.00 to $15.00 in a research note on Wednesday, July 5th. Scotiabank reaffirmed a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. ValuEngine lowered Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Vetr lowered Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective on the stock. in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.33.

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Marathon Oil Corporation (MRO) opened at 12.02 on Tuesday. The company’s 50-day moving average price is $11.59 and its 200-day moving average price is $13.32. The firm’s market cap is $10.22 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. Marathon Oil Corporation also saw some unusual options trading on Monday. Stock traders acquired 1,294 call options on the stock. This represents an increase of 127% compared to the typical daily volume of 569 call options.

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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.66%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

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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