Marathon Oil Corporation (MRO) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its position in shares of Marathon Oil Corporation (NYSE:MRO) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,203,722 shares of the oil and gas producer’s stock after selling 7,392 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of Marathon Oil Corporation worth $16,322,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. grew its stake in shares of Marathon Oil Corporation by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after acquiring an additional 1,905 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Marathon Oil Corporation by 39.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after acquiring an additional 1,341,589 shares during the period. Buckingham Asset Management LLC bought a new position in shares of Marathon Oil Corporation during the 2nd quarter worth $173,000. Dupont Capital Management Corp bought a new position in shares of Marathon Oil Corporation during the 2nd quarter worth $122,000. Finally, Airain ltd grew its stake in shares of Marathon Oil Corporation by 16.0% during the 2nd quarter. Airain ltd now owns 541,861 shares of the oil and gas producer’s stock worth $6,421,000 after acquiring an additional 74,586 shares during the period. Institutional investors own 81.22% of the company’s stock.

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Several research analysts have recently weighed in on the company. Jefferies Group LLC increased their price target on Marathon Oil Corporation from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded Marathon Oil Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets restated a “hold” rating and issued a $18.00 target price on shares of Marathon Oil Corporation in a research note on Tuesday. Citigroup Inc. downgraded Marathon Oil Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the stock. Marathon Oil Corporation currently has an average rating of “Hold” and an average target price of $17.34.

Shares of Marathon Oil Corporation (NYSE MRO) opened at $15.78 on Friday. Marathon Oil Corporation has a 1 year low of $10.55 and a 1 year high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the company earned ($0.23) EPS. equities research analysts anticipate that Marathon Oil Corporation will post -0.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. Marathon Oil Corporation’s dividend payout ratio is currently -2.40%.

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.

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

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