State Street Corp Purchases 1,350,863 Shares of Marathon Oil Corporation (MRO)

State Street Corp grew its position in shares of Marathon Oil Corporation (NYSE:MRO) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,063,249 shares of the oil and gas producer’s stock after buying an additional 1,350,863 shares during the period. State Street Corp owned approximately 5.89% of Marathon Oil Corporation worth $593,258,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Eastern Bank grew its holdings in shares of Marathon Oil Corporation by 0.6% during the 2nd quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 135 shares in the last quarter. Cleararc Capital Inc. grew its holdings in shares of Marathon Oil Corporation by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 149 shares in the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Marathon Oil Corporation by 1.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 150 shares in the last quarter. Berkshire Asset Management LLC PA grew its holdings in shares of Marathon Oil Corporation by 0.8% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 200 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Marathon Oil Corporation by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.

WARNING: This report was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/state-street-corp-purchases-1350863-shares-of-marathon-oil-corporation-mro.html.

Several analysts have recently issued reports on MRO shares. Citigroup Inc. reduced their target price on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) started coverage on Marathon Oil Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 target price on the stock. Scotiabank set a $19.00 target price on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, BMO Capital Markets set a $17.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. Marathon Oil Corporation has a consensus rating of “Hold” and a consensus price target of $16.96.

Marathon Oil Corporation (NYSE:MRO) opened at 13.65 on Wednesday. The company’s market capitalization is $11.60 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The firm has a 50-day moving average price of $12.27 and a 200 day moving average price of $13.06.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last

Other hedge funds have also recently bought and sold shares of the company. Eastern Bank grew its holdings in shares of Marathon Oil Corporation by 0.6% during the 2nd quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 135 shares in the last quarter. Cleararc Capital Inc. grew its holdings in shares of Marathon Oil Corporation by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 149 shares in the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Marathon Oil Corporation by 1.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 150 shares in the last quarter. Berkshire Asset Management LLC PA grew its holdings in shares of Marathon Oil Corporation by 0.8% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 200 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Marathon Oil Corporation by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.

WARNING: This report was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/state-street-corp-purchases-1350863-shares-of-marathon-oil-corporation-mro.html.

Several analysts have recently issued reports on MRO shares. Citigroup Inc. reduced their target price on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) started coverage on Marathon Oil Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 target price on the stock. Scotiabank set a $19.00 target price on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, BMO Capital Markets set a $17.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. Marathon Oil Corporation has a consensus rating of “Hold” and a consensus price target of $16.96.

Marathon Oil Corporation (NYSE:MRO) opened at 13.65 on Wednesday. The company’s market capitalization is $11.60 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The firm has a 50-day moving average price of $12.27 and a 200 day moving average price of $13.06.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.23) earnings per share. On average, analysts predict that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.

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)

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