Wilen Investment Management Corp. Lowers stake in Marathon Oil Corporation (MRO)

Marathon Oil Corporation (MRO) : Wilen Investment Management Corp. reduced its stake in Marathon Oil Corporation by 7.1% during the most recent quarter end. The investment management company now holds a total of 24,850 shares of Marathon Oil Corporation which is valued at $333,487 after selling 1,900 shares in Marathon Oil Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Marathon Oil Corporation makes up approximately 0.21% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Amica Mutual Insurance Co boosted its stake in MRO in the latest quarter, The investment management firm added 85,562 additional shares and now holds a total of 340,420 shares of Marathon Oil Corporation which is valued at $4,568,436. Marathon Oil Corporation makes up approx 0.43% of Amica Mutual Insurance Co’s portfolio. Herndon Capital Management added MRO to its portfolio by purchasing 78 company shares during the most recent quarter which is valued at $1,064.Quadrant Capital Group boosted its stake in MRO in the latest quarter, The investment management firm added 975 additional shares and now holds a total of 1,099 shares of Marathon Oil Corporation which is valued at $14,990. Marathon Oil Corporation makes up approx 0.01% of Quadrant Capital Group’s portfolio.Shell Asset Management Co boosted its stake in MRO in the latest quarter, The investment management firm added 28,333 additional shares and now holds a total of 60,737 shares of Marathon Oil Corporation which is valued at $797,477. Marathon Oil Corporation makes up approx 0.02% of Shell Asset Management Co’s portfolio. Quantres Asset Management Ltd added MRO to its portfolio by purchasing 131,400 company shares during the most recent quarter which is valued at $1,854,054. Marathon Oil Corporation makes up approx 1.10% of Quantres Asset Management Ltd’s portfolio.

Marathon Oil Corporation opened for trading at $14.1 and hit $14.68 on the upside on Monday, eventually ending the session at $14.25, with a gain of 2.74% or 0.38 points. The heightened volatility saw the trading volume jump to 1,83,92,009 shares. Company has a market cap of $12,073 M.

On the company’s financial health, Marathon Oil Corporation reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.25. The company had revenue of $1302.00 million for the quarter, compared to analysts expectations of $1076.24 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.

Investors should note that on Jul 27, 2016, Marathon Oil Corporation announced a cash dividend of $0.0500. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 12, 2016.

Many Wall Street Analysts have commented on Marathon Oil Corporation. Company shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Marathon Oil Corporation was Upgraded by Raymond James to ” Strong Buy” on Jul 7, 2016. Marathon Oil Corporation was Upgraded by Morgan Stanley to ” Overweight” on Jun 21, 2016.

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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