Commerzbank Aktiengesellschaft FI Has $582,000 Position in Marathon Oil Corporation (MRO)

Commerzbank Aktiengesellschaft FI lowered its stake in shares of Marathon Oil Corporation (NYSE:MRO) by 23.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,078 shares of the oil and gas producer’s stock after selling 14,670 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Marathon Oil Corporation were worth $582,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank boosted its stake in Marathon Oil Corporation by 2.8% in the 2nd quarter. Swiss National Bank now owns 3,086,597 shares of the oil and gas producer’s stock worth $36,576,000 after buying an additional 84,600 shares during the last quarter. Davidson & Garrard Inc. boosted its stake in Marathon Oil Corporation by 315.9% in the 2nd quarter. Davidson & Garrard Inc. now owns 58,850 shares of the oil and gas producer’s stock worth $697,000 after buying an additional 44,699 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Marathon Oil Corporation by 15.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 87,392 shares of the oil and gas producer’s stock worth $1,036,000 after buying an additional 11,883 shares during the last quarter. River & Mercantile Asset Management LLP boosted its stake in Marathon Oil Corporation by 39.9% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 396,400 shares of the oil and gas producer’s stock worth $4,699,000 after buying an additional 113,040 shares during the last quarter. Finally, Buckingham Asset Management LLC acquired a new stake in Marathon Oil Corporation in the 2nd quarter worth about $173,000. 80.98% of the stock is currently owned by institutional investors and hedge funds.

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Marathon Oil Corporation (NYSE:MRO) opened at 11.31 on Friday. The company’s 50-day moving average price is $11.64 and its 200-day moving average price is $13.54. The firm’s market cap is $9.61 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The business had revenue of $1.06 billion for 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 firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) earnings per share. Analysts predict that Marathon Oil Corporation will post ($0.45) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.

MRO has been the topic of a number of research analyst reports. Citigroup Inc. decreased their price target on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Barclays PLC set a $11.00 price target on Marathon Oil Corporation and gave the stock a “hold” rating in a research note 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 target 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 price target on Marathon Oil Corporation and gave the stock a “buy” rating in a research note 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 company. The company presently has a consensus rating of “Hold” and a consensus 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.

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

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