Leonard Capital Management Inc Exits Position in Marathon Oil Corporation (MRO)

Marathon Oil Corporation (MRO) : Leonard Capital Management Inc has sold out all of its stake in Marathon Oil Corporation during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 90,000 shares of Marathon Oil Corporation which is valued at $1.1 Million.

Other Hedge Funds, Including , Twin Capital Management Inc boosted its stake in MRO in the latest quarter, The investment management firm added 63,390 additional shares and now holds a total of 282,220 shares of Marathon Oil Corporation which is valued at $3.5 Million. Marathon Oil Corporation makes up approx 0.27% of Twin Capital Management Inc’s portfolio. Financial Architects Inc added MRO to its portfolio by purchasing 460 company shares during the most recent quarter which is valued at $5,658.Municipal Employees’ Retirement System Of Michigan boosted its stake in MRO in the latest quarter, The investment management firm added 5,500 additional shares and now holds a total of 25,940 shares of Marathon Oil Corporation which is valued at $312,058. Marathon Oil Corporation makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Great West Life Assurance Co Can boosted its stake in MRO in the latest quarter, The investment management firm added 266,027 additional shares and now holds a total of 702,760 shares of Marathon Oil Corporation which is valued at $9.9 Million. Marathon Oil Corporation makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.Conning boosted its stake in MRO in the latest quarter, The investment management firm added 7,480 additional shares and now holds a total of 23,412 shares of Marathon Oil Corporation which is valued at $329,875. Marathon Oil Corporation makes up approx 0.01% of Conning’s portfolio.

Marathon Oil Corporation opened for trading at $12.77 and hit $13.13 on the upside on Monday, eventually ending the session at $12.78, with a gain of 4.33% or 0.53 points. The heightened volatility saw the trading volume jump to 1,72,94,228 shares. Company has a market cap of $10,833 M.

On the company’s financial health, Marathon Oil Corporation reported $-0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.44. The company had revenue of $730.00 million for the quarter, compared to analysts expectations of $901.52 million. The company’s revenue was down -52.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Marathon Oil Corporation. Marathon Oil Corporation was Downgraded by Wells Fargo to ” Market Perform” on Apr 13, 2016. Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $19 .Shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Sector Perform” and Lowered the Price Target to $ 13 from a previous price target of $15 .

Marathon Oil Corporation is an energy company based in Houston Texas with operations in North America Europe and Africa. The Company operates in three segments: North America E&P segment which explores for produces and markets crude oil and condensate NGLs and natural gas in North America; International E&P segment which explores for produces and markets crude oil and condensate NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas such as LNG and methanol in Egypt and Oil Sands Mining segment which mines extracts and transports bitumen from oil sands deposits in Alberta Canada and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It has production operations in the United States Egypt Canada the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays including the Eagle Ford Bakken and Oklahoma Resource Basins.

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