Todays Report: Today, Public Employees Retirement Association of Colorado Buys 111 Shares of Marathon Oil Corp. (MRO)

Today, Public Employees Retirement Association of Colorado Buys 111 Shares of Marathon Oil Corp. (MRO)

Public Employees Retirement Association of Colorado boosted its stake in Marathon Oil Corp. (NYSE:MRO) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 158,527 shares of the company’s stock after buying an additional 111 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Marathon Oil Corp. were worth $2,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Marathon Oil Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 77,741,849 shares of the company’s stock valued at $1,166,906,000 after buying an additional 3,643,905 shares during the last quarter. State Street Corp raised its stake in Marathon Oil Corp. by 0.4% in the second quarter. State Street Corp now owns 43,704,229 shares of the company’s stock valued at $656,014,000 after buying an additional 159,499 shares during the last quarter. BlackRock Advisors LLC raised its stake in Marathon Oil Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 29,510,152 shares of the company’s stock valued at $442,948,000 after buying an additional 577,684 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Marathon Oil Corp. by 1.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 25,194,825 shares of the company’s stock valued at $378,174,000 after buying an additional 435,786 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Marathon Oil Corp. by 0.5% in the second quarter. Macquarie Group Ltd. now owns 21,983,380 shares of the company’s stock valued at $329,971,000 after buying an additional 110,766 shares during the last quarter. 83.91% of the stock is owned by institutional investors.

Marathon Oil Corp. (NYSE:MRO) traded up 1.39% during midday trading on Thursday, hitting $16.78. The company had a trading volume of 11,231,579 shares. The firm’s market capitalization is $14.22 billion. Marathon Oil Corp. has a 52 week low of $6.52 and a 52 week high of $18.00. The firm’s 50 day moving average is $14.82 and its 200-day moving average is $14.48.

Marathon Oil Corp. (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Marathon Oil Corp. had a negative net margin of 32.98% and a negative return on equity of 4.91%. Marathon Oil Corp.’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) EPS. On average, equities research analysts expect that Marathon Oil Corp. will post ($0.91) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -9.26%.

Several analysts recently issued reports on the company. Societe Generale lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Bank of America Corp. set a $21.00 target price on Marathon Oil Corp. and gave the stock a “buy” rating in a report on Thursday, September 8th. Vetr lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating and set a $16.67 price objective on the stock. in a research note on Monday. Seaport Global Securities lowered Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, August 30th. Finally, Canaccord Genuity initiated coverage on Marathon Oil Corp. in a research note on Friday, September 30th. They issued a “hold” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Marathon Oil Corp. presently has an average rating of “Hold” and an average target price of $17.13.

About Marathon Oil Corp.

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. 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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