Wheatland Advisors Inc. Sells 3,499 Shares of Marathon Oil Corporation (NYSE:MRO)

Wheatland Advisors Inc. reduced its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 53,939 shares of the oil and gas producer’s stock after selling 3,499 shares during the period. Wheatland Advisors Inc.’s holdings in Marathon Oil Corporation were worth $639,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Global X Management Co. LLC boosted its position in shares of Marathon Oil Corporation by 14.7% in the second quarter. Global X Management Co. LLC now owns 14,430 shares of the oil and gas producer’s stock valued at $171,000 after buying an additional 1,846 shares during the period. HL Financial Services LLC boosted its position in shares of Marathon Oil Corporation by 5.8% in the second quarter. HL Financial Services LLC now owns 91,693 shares of the oil and gas producer’s stock valued at $1,087,000 after buying an additional 5,050 shares during the period. Advisor Partners LLC boosted its position in shares of Marathon Oil Corporation by 3.1% in the second quarter. Advisor Partners LLC now owns 24,180 shares of the oil and gas producer’s stock valued at $287,000 after buying an additional 725 shares during the period. Chicago Partners Investment Group LLC bought a new position in shares of Marathon Oil Corporation during the second quarter valued at about $258,000. Finally, Retirement Systems of Alabama boosted its position in shares of Marathon Oil Corporation by 0.4% in the second quarter. Retirement Systems of Alabama now owns 723,032 shares of the oil and gas producer’s stock valued at $8,568,000 after buying an additional 2,593 shares during the period. Hedge funds and other institutional investors own 81.28% of the company’s stock.

Shares of Marathon Oil Corporation (MRO) opened at 12.20 on Thursday. The stock’s 50 day moving average price is $11.89 and its 200 day moving average price is $14.34. The stock’s market cap is $10.37 billion. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28. Marathon Oil Corporation also was the recipient of some unusual options trading on Monday. Stock investors purchased 1,294 call options on the company. This is an increase of 127% compared to the typical volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.23) earnings per share. Equities research analysts anticipate that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s payout ratio is currently -2.55%.

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Several brokerages recently issued reports on MRO. KLR Group restated a “buy” rating and issued a $23.00 price target (up previously from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price target (up previously from $13.00) on shares of Marathon Oil Corporation in a research report on Wednesday. Vetr cut Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a research report on Monday. BidaskClub upgraded Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Barclays PLC set a $11.00 price target on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.30.

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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