Veritable L.P. trimmed its position in Marathon Oil Corporation (NYSE:MRO) by 26.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,096 shares of the oil and gas producer’s stock after selling 11,219 shares during the quarter. Veritable L.P.’s holdings in Marathon Oil Corporation were worth $368,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Marathon Oil Corporation by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,826,130 shares of the oil and gas producer’s stock valued at $92,735,000 after purchasing an additional 331,161 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in Marathon Oil Corporation by 467.8% during the second quarter. Virtu KCG Holdings LLC now owns 237,891 shares of the oil and gas producer’s stock worth $2,819,000 after purchasing an additional 195,996 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Marathon Oil Corporation by 41.3% during the second quarter. Parametric Portfolio Associates LLC now owns 2,877,682 shares of the oil and gas producer’s stock worth $34,101,000 after purchasing an additional 840,882 shares during the last quarter. Advisor Group Inc. lifted its stake in Marathon Oil Corporation by 9.4% during the second quarter. Advisor Group Inc. now owns 75,805 shares of the oil and gas producer’s stock worth $898,000 after purchasing an additional 6,511 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Marathon Oil Corporation by 2.7% during the second quarter. Nordea Investment Management AB now owns 45,027 shares of the oil and gas producer’s stock worth $534,000 after purchasing an additional 1,188 shares during the last quarter. 80.98% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Marathon Oil Corporation (NYSE:MRO) opened at 13.76 on Wednesday. The firm’s 50-day moving average is $11.88 and its 200-day moving average is $13.11. The firm’s market cap is $11.69 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 unusually large options trading activity on Monday. Stock investors bought 1,294 call options on the company. This represents an increase of approximately 127% compared to the typical daily volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings results 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). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) earnings per share. Analysts anticipate that Marathon Oil Corporation will post ($0.46) earnings per share 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 dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.45%. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.

A number of equities analysts have recently commented on MRO shares. Citigroup Inc. lowered their price target on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Barclays PLC set a $11.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) initiated coverage on Marathon Oil Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 price objective on the stock. BidaskClub raised Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies set a $20.00 target price on Marathon Oil Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.33.

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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