OLD Point Trust & Financial Services N A raised its position in Marathon Oil Co. (NYSE:MRO) by 5.1% during the first quarter, Holdings Channel reports. The fund owned 130,653 shares of the oil and gas producer’s stock after buying an additional 6,300 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Marathon Oil were worth $2,064,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Marathon Oil by 3.6% in the fourth quarter. State Street Corp now owns 47,900,778 shares of the oil and gas producer’s stock worth $829,173,000 after buying an additional 1,643,089 shares during the last quarter. Boston Partners raised its position in Marathon Oil by 417.2% in the third quarter. Boston Partners now owns 37,738,524 shares of the oil and gas producer’s stock worth $596,646,000 after buying an additional 30,442,089 shares during the last quarter. Macquarie Group Ltd. raised its position in Marathon Oil by 2.7% in the fourth quarter. Macquarie Group Ltd. now owns 25,323,989 shares of the oil and gas producer’s stock worth $438,358,000 after buying an additional 658,364 shares during the last quarter. FMR LLC raised its position in Marathon Oil by 3.9% in the fourth quarter. FMR LLC now owns 16,906,524 shares of the oil and gas producer’s stock worth $292,651,000 after buying an additional 636,780 shares during the last quarter. Finally, Northern Trust Corp raised its position in Marathon Oil by 3.2% in the third quarter. Northern Trust Corp now owns 10,104,602 shares of the oil and gas producer’s stock worth $159,753,000 after buying an additional 309,702 shares during the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.

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

Shares of Marathon Oil Co. (NYSE:MRO) traded up 0.46% on Friday, hitting $15.16. 13,783,632 shares of the company were exchanged. The firm’s market cap is $12.84 billion. The company has a 50-day moving average price of $15.72 and a 200 day moving average price of $16.21. Marathon Oil Co. has a 52-week low of $11.28 and a 52-week high of $19.28. Marathon Oil also was the target of unusually large options trading activity on Wednesday. Stock traders acquired 22,988 put options on the company. This is an increase of approximately 743% compared to the typical volume of 2,728 put options.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, February 15th. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.05. Marathon Oil had a negative net margin of 32.98% and a negative return on equity of 4.91%. The business earned $1.39 billion during the quarter, compared to the consensus estimate of $1.19 billion. Analysts predict that Marathon Oil Co. will post ($0.20) EPS for the current fiscal year.

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A number of equities analysts recently weighed in on MRO shares. FBR & Co started coverage on shares of Marathon Oil in a research report on Friday, March 10th. They set an “outperform” rating and a $22.00 price target on the stock. Scotiabank reaffirmed a “buy” rating and set a $25.00 target price on shares of Marathon Oil in a research note on Wednesday, March 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Marathon Oil in a research note on Wednesday, January 18th. Vetr raised shares of Marathon Oil from a “buy” rating to a “strong-buy” rating and set a $18.01 target price on the stock in a research note on Wednesday, March 8th. Finally, Royal Bank of Canada lifted their target price on shares of Marathon Oil from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Friday, March 10th. Thirteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. Marathon Oil has an average rating of “Buy” and a consensus target price of $19.35.

Marathon Oil 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.

5 Day Chart for NYSE:MRO

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