Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Marathon Oil Corporation (NYSE:MRO) by 33.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,498 shares of the oil and gas producer’s stock after purchasing an additional 106,621 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Marathon Oil Corporation were worth $5,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Investment Consultants LLC increased its stake in shares of Marathon Oil Corporation by 33.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Marathon Oil Corporation during the 2nd quarter worth approximately $122,000. JFS Wealth Advisors LLC increased its stake in shares of Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new position in shares of Marathon Oil Corporation during the 2nd quarter worth approximately $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Marathon Oil Corporation during the 2nd quarter worth approximately $150,000. 80.98% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Corporation (NYSE:MRO) opened at 13.62 on Friday. The company’s 50 day moving average is $12.42 and its 200 day moving average is $13.07. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28. The firm’s market cap is $11.57 billion.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ 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 last year, the company earned ($0.23) EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Oil Corporation will post ($0.44) earnings per share for the current year.

MRO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $16.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Wednesday. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $19.00 to $15.00 in a research note on Wednesday, July 5th. Scotiabank reaffirmed a “buy” rating and issued a $19.00 target price on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 target price on shares of Marathon Oil Corporation in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. Marathon Oil Corporation presently has an average rating of “Hold” and an average target price of $17.06.

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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.

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

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