HAP Trading LLC reduced its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,844 shares of the oil and gas producer’s stock after selling 3,745 shares during the quarter. HAP Trading LLC’s holdings in Marathon Oil Corporation were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MRO. State of Alaska Department of Revenue raised its position in Marathon Oil Corporation by 10.0% during the second quarter. State of Alaska Department of Revenue now owns 17,211 shares of the oil and gas producer’s stock valued at $203,000 after acquiring an additional 1,570 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock valued at $8,693,000 after buying an additional 1,905 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Marathon Oil Corporation by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 137,541 shares of the oil and gas producer’s stock valued at $1,630,000 after buying an additional 114,947 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Marathon Oil Corporation by 14.4% in the second quarter. LS Investment Advisors LLC now owns 40,222 shares of the oil and gas producer’s stock valued at $477,000 after buying an additional 5,056 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Marathon Oil Corporation by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 52,700 shares of the oil and gas producer’s stock valued at $624,000 after buying an additional 600 shares in the last quarter. Institutional investors own 79.45% of the company’s stock.

A number of research firms have recently commented on MRO. BMO Capital Markets restated a “hold” rating and issued a $18.00 price objective on shares of Marathon Oil Corporation in a research report on Tuesday, November 7th. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the company a “buy” rating in a research report on Wednesday, October 4th. Citigroup Inc. cut Marathon Oil Corporation from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, November 9th. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research cut Marathon Oil Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. Marathon Oil Corporation has a consensus rating of “Hold” and an average target price of $17.34.

Shares of Marathon Oil Corporation (NYSE:MRO) traded up $0.53 during trading on Friday, hitting $15.05. The stock had a trading volume of 10,468,747 shares, compared to its average volume of 13,423,304. Marathon Oil Corporation has a twelve month low of $10.55 and a twelve month high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company posted ($0.23) EPS. The company’s quarterly revenue was up 26.5% on a year-over-year basis. equities analysts forecast that Marathon Oil Corporation will post -0.4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, November 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -7.81%.

ILLEGAL ACTIVITY WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/18/hap-trading-llc-sells-3745-shares-of-marathon-oil-corporation-mro.html.

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.

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.