Tudor Investment Corp ET AL acquired a new position in shares of Marathon Oil Corporation (NYSE:MRO) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,129 shares of the oil and gas producer’s stock, valued at approximately $464,000.

A number of other institutional investors also recently bought and sold shares of the stock. First Allied Advisory Services Inc. increased its position in Marathon Oil Corporation by 4.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 33,154 shares of the oil and gas producer’s stock worth $396,000 after purchasing an additional 1,434 shares in the last quarter. Balyasny Asset Management LLC increased its position in Marathon Oil Corporation by 102.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 132,384 shares of the oil and gas producer’s stock worth $1,569,000 after purchasing an additional 66,996 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Marathon Oil Corporation during the 2nd quarter worth about $221,000. QS Investors LLC increased its position in Marathon Oil Corporation by 12.0% during the 2nd quarter. QS Investors LLC now owns 103,683 shares of the oil and gas producer’s stock worth $1,229,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Marathon Oil Corporation by 21.8% during the 2nd quarter. Stifel Financial Corp now owns 338,945 shares of the oil and gas producer’s stock worth $4,022,000 after purchasing an additional 60,563 shares in the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/11/39129-shares-in-marathon-oil-corporation-mro-purchased-by-tudor-investment-corp-et-al.html.

Marathon Oil Corporation (NYSE:MRO) opened at 13.62 on Wednesday. The firm’s market capitalization is $11.57 billion. The stock has a 50 day moving average price of $12.27 and a 200 day moving average price of $13.06. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28.

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). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) EPS. 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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is -2.55%.

A number of research firms recently commented on MRO. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Morgan Stanley upgraded Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $17.00 to $14.00 in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on Marathon Oil Corporation in a research report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price objective for the company. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Marathon Oil Corporation currently has a consensus rating of “Hold” and an average price target of $16.96.

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.

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.