Marathon Oil Corporation (MRO) Shares Sold by Boston Partners

Boston Partners decreased its position in shares of Marathon Oil Corporation (NYSE:MRO) by 79.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,541,331 shares of the oil and gas producer’s stock after selling 14,011,228 shares during the period. Boston Partners owned approximately 0.42% of Marathon Oil Corporation worth $48,021,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. United Asset Strategies Inc. purchased a new position in shares of Marathon Oil Corporation during the third quarter valued at about $446,000. State of Wisconsin Investment Board grew its position in shares of Marathon Oil Corporation by 17.0% during the third quarter. State of Wisconsin Investment Board now owns 788,262 shares of the oil and gas producer’s stock valued at $10,689,000 after purchasing an additional 114,602 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Marathon Oil Corporation during the third quarter valued at about $1,075,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Marathon Oil Corporation by 8.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 132,359 shares of the oil and gas producer’s stock valued at $1,795,000 after purchasing an additional 10,460 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of Marathon Oil Corporation by 19.4% during the third quarter. Wedge Capital Management L L P NC now owns 1,151,069 shares of the oil and gas producer’s stock valued at $15,608,000 after purchasing an additional 187,014 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Shares of Marathon Oil Corporation (NYSE MRO) opened at $15.62 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28.

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

The business 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, November 14th. Marathon Oil Corporation’s dividend payout ratio is presently -2.40%.

A number of research analysts have recently weighed in on the company. KLR Group restated a “buy” rating and set a $23.00 price objective (up previously from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil Corporation in a research report on Tuesday, November 7th. Zacks Investment Research lowered Marathon Oil Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup Inc. lowered 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. Finally, Scotiabank restated a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.34.

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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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