Today, Oregon Public Employees Retirement Fund Sold shares of Marathon Oil Corp. (MRO)

Today, Oregon Public Employees Retirement Fund Sold shares of Marathon Oil Corp. (MRO)
Oregon Public Employees Retirement Fund lowered its position in Marathon Oil Corp. (NYSE:MRO) by 27.8% during the third quarter, Holdings Channel reports. The institutional investor owned 249,670 shares of the company’s stock after selling 96,268 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Marathon Oil Corp. were worth $3,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MRO. I.G. Investment Management LTD. acquired a new stake in shares of Marathon Oil Corp. during the second quarter worth approximately $101,000. Integrated Investment Consultants LLC boosted its stake in shares of Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock worth $106,000 after buying an additional 2,234 shares during the period. Hallmark Capital Management Inc. acquired a new stake in shares of Marathon Oil Corp. during the second quarter worth approximately $111,000. Exane Derivatives acquired a new stake in shares of Marathon Oil Corp. during the second quarter worth approximately $112,000. Finally, Pinkerton Retirement Specialists LLC acquired a new stake in shares of Marathon Oil Corp. during the second quarter worth approximately $122,000. Institutional investors own 83.91% of the company’s stock.

Shares of Marathon Oil Corp. (NYSE:MRO) traded down 2.98% during trading on Friday, hitting $16.28. 7,921,576 shares of the stock were exchanged. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $17.86. The firm has a 50 day moving average of $14.78 and a 200-day moving average of $14.52. The company’s market cap is $13.79 billion.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Monday, November 14th. Marathon Oil Corp.’s payout ratio is currently -9.26%.

MRO has been the subject of a number of analyst reports. Bank of America Corp. raised shares of Marathon Oil Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.90 to $21.00 in a report on Tuesday, August 16th. Simmons reissued an “overweight” rating on shares of Marathon Oil Corp. in a report on Thursday, August 11th. Canaccord Genuity initiated coverage on shares of Marathon Oil Corp. in a report on Friday, September 30th. They issued a “hold” rating and a $16.00 price objective for the company. Vetr lowered shares of Marathon Oil Corp. from a “strong-buy” rating to a “buy” rating and set a $16.50 price objective for the company. in a report on Tuesday, November 15th. Finally, Jefferies Group set a $18.00 price objective on shares of Marathon Oil Corp. and gave the company a “buy” rating in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Marathon Oil Corp. has a consensus rating of “Hold” and a consensus price target 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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