California State Teachers Retirement System Sells 171,432 Shares of Marathon Oil Corporation (MRO)

California State Teachers Retirement System lowered its holdings in Marathon Oil Corporation (NYSE:MRO) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,566,967 shares of the oil and gas producer’s stock after selling 171,432 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Marathon Oil Corporation worth $18,568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Investment Consultants LLC boosted its holdings in Marathon Oil Corporation by 33.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,287 shares during the period. Dupont Capital Management Corp bought a new stake in Marathon Oil Corporation in the 2nd quarter valued at about $122,000. United Capital Financial Advisers LLC boosted its holdings in Marathon Oil Corporation by 8.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 10,994 shares of the oil and gas producer’s stock valued at $174,000 after purchasing an additional 884 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Marathon Oil Corporation by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 2,693 shares during the period. Finally, IBM Retirement Fund bought a new stake in Marathon Oil Corporation in the 2nd quarter valued at about $149,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Marathon Oil Corporation from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Wednesday, October 11th. Scotiabank set a $19.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Barclays PLC set a $11.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Jefferies Group LLC set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Saturday, June 24th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. Marathon Oil Corporation has a consensus rating of “Hold” and a consensus price target of $17.10.

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Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year.

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.

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

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