The Jennison Associates LLC Cuts Position in Marathon Oil Corp. (MRO)

Marathon Oil Corp. logoJennison Associates LLC reduce its place in shares of Marathon Oil Corp. (NYSE:MRO) by 7.four% through the third quarter, in keeping with its most up-to-date 13F submitting with the Securities and Exchange Commission (SEC). The institutional investor owned 2,155,301 shares of the corporate’s inventory after promoting 171,984 shares through the interval. Jennison Associates LLC owned about zero.25% of Marathon Oil Corp. price $34,075,00zero on the finish of the latest reporting interval.

Other hedge funds have additionally purchased and bought shares of the corporate. Macquarie Group Ltd. elevated its stake in Marathon Oil Corp. by zero.5% within the second quarter. Macquarie Group Ltd. now owns 21,983,380 shares of the corporate’s inventory price $329,971,00zero after shopping for an extra 110,766 shares through the interval. Legal & General Group Plc elevated its stake in Marathon Oil Corp. by 24.2% within the first quarter. Legal & General Group Plc now owns four,307,537 shares of the corporate’s inventory price $47,972,00zero after shopping for an extra 839,979 shares through the interval. Hermes Investment Management Ltd. elevated its stake in Marathon Oil Corp. by 15.7% within the second quarter. Hermes Investment Management Ltd. now owns 2,202,572 shares of the corporate’s inventory price $33,061,00zero after shopping for an extra 298,500 shares through the interval. Oxbow Advisors LLC acquired a brand new stake in Marathon Oil Corp. through the second quarter price about $2,948,00zero. Finally, British Columbia Investment Management Corp elevated its stake in Marathon Oil Corp. by 11.6% within the second quarter. British Columbia Investment Management Corp now owns 382,468 shares of the corporate’s inventory price $5,741,00zero after shopping for an extra 39,861 shares through the interval. Institutional buyers personal 80.34% of the corporate’s inventory.

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

Marathon Oil Corp. (NYSE:MRO) traded up 1.49% on Friday, hitting $15.69. The inventory had a buying and selling quantity of two,861,951 shares. The firm has a 50-day transferring common worth of $14.76 and a 200-day transferring common worth of $14.36. The inventory’s market capitalization is $13.29 billion. Marathon Oil Corp. has a 1-year low of $6.52 and a 1-year excessive of $18.72.

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Marathon Oil Corp. (NYSE:MRO) final introduced its quarterly earnings information on Wednesday, November 2nd. The firm reported ($zero.11) earnings per share for the quarter, topping the consensus estimate of ($zero.20) by $zero.09. Marathon Oil Corp. had a detrimental return on fairness of four.91% and a detrimental internet margin of 32.98%. The firm earned $1.23 billion through the quarter, in comparison with badyst estimates of $1.10 billion. During the identical quarter final 12 months, the agency posted ($zero.20) EPS. The agency’s income for the quarter was down 7.1% on a year-over-year foundation. Equities badysts predict that Marathon Oil Corp. will put up ($zero.91) earnings per share for the present 12 months.

The enterprise additionally lately introduced a quarterly dividend, which might be paid on Monday, December 12th. Shareholders of report on Wednesday, November 16th might be paid a $zero.05 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $zero.20 annualized dividend and a yield of 1.29%. Marathon Oil Corp.’s dividend payout ratio is at present -9.26%.

MRO has been the subject of numerous current badysis stories. Bank of America Corp. set a $21.00 worth goal on shares of Marathon Oil Corp. and gave the corporate a “buy” score in a report on Thursday, September eighth. Credit Suisse Group AG downgraded shares of Marathon Oil Corp. from an “outperform” score to a “neutral” score and set a $19.00 goal worth on the inventory. in a report on Monday, September 12th. Seaport Global Securities downgraded shares of Marathon Oil Corp. from a “buy” score to a “neutral” score and set a $17.00 goal worth on the inventory. in a report on Tuesday, August 30th. Vetr downgraded shares of Marathon Oil Corp. from a “strong-buy” score to a “buy” score and set a $16.50 goal worth on the inventory. in a report on Tuesday. Finally, Jefferies Group set a $18.00 goal worth on shares of Marathon Oil Corp. and gave the inventory a “buy” score in a report on Wednesday, September seventh. One badyst has rated the inventory with a promote score, fifteen have given a maintain score, 9 have badigned a purchase score and two have badigned a robust purchase score to the inventory. The inventory at present has a consensus score of “Hold” and a median worth goal of $17.12.

Marathon Oil Corp. Company Profile


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