Marathon Oil Corporation (MRO) : Mraz Amerine Associates scooped up 26,900 additional shares in Marathon Oil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 45,725 shares of Marathon Oil Corporation which is valued at $600,369.Marathon Oil Corporation makes up approximately 0.21% of Mraz Amerine Associates’s portfolio.
Other Hedge Funds, Including , Calamos Advisors boosted its stake in MRO in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 60,970 shares of Marathon Oil Corporation which is valued at $800,536. Marathon Oil Corporation makes up approx 0.01% of Calamos Advisors’s portfolio.New York State Teachers Retirement System reduced its stake in MRO by selling 56,123 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 1,244,327 shares of MRO which is valued at $17,557,454. Marathon Oil Corporation makes up approx 0.04% of New York State Teachers Retirement System’s portfolio.Hermes Investment Management Ltd boosted its stake in MRO in the latest quarter, The investment management firm added 298,500 additional shares and now holds a total of 2,202,572 shares of Marathon Oil Corporation which is valued at $31,078,291. Marathon Oil Corporation makes up approx 0.61% of Hermes Investment Management Ltd’s portfolio. First American Trust Fsb added MRO to its portfolio by purchasing 179,869 company shares during the most recent quarter which is valued at $2,683,645. Marathon Oil Corporation makes up approx 0.94% of First American Trust Fsb’s portfolio.
Marathon Oil Corporation opened for trading at $13.21 and hit $13.74 on the upside on Friday, eventually ending the session at $13.64, with a gain of 2.17% or 0.29 points. The heightened volatility saw the trading volume jump to 1,38,55,640 shares. Company has a market cap of $11,562 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. 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.