Jacobs Levy Equity Management Inc Lowers stake in Marathon Oil Corporation (MRO)

Marathon Oil Corporation (MRO) : Jacobs Levy Equity Management Inc reduced its stake in Marathon Oil Corporation by 4.17% during the most recent quarter end. The investment management company now holds a total of 2,024,057 shares of Marathon Oil Corporation which is valued at $29,794,119 after selling 88,150 shares in Marathon Oil Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Marathon Oil Corporation makes up approximately 0.58% of Jacobs Levy Equity Management Inc’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in MRO in the latest quarter, The investment management firm added 35,400 additional shares and now holds a total of 228,714 shares of Marathon Oil Corporation which is valued at $3,366,670. Marathon Oil Corporation makes up approx 0.04% of Arizona State Retirement System’s portfolio.Blackrock Fund Advisors boosted its stake in MRO in the latest quarter, The investment management firm added 491,969 additional shares and now holds a total of 15,621,227 shares of Marathon Oil Corporation which is valued at $229,944,461. Marathon Oil Corporation makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Cadence Capital Management boosted its stake in MRO in the latest quarter, The investment management firm added 523 additional shares and now holds a total of 11,864 shares of Marathon Oil Corporation which is valued at $159,215. Marathon Oil Corporation makes up approx 0.01% of Cadence Capital Management’s portfolio.Spot Trading L.l.c boosted its stake in MRO in the latest quarter, The investment management firm added 285,085 additional shares and now holds a total of 371,187 shares of Marathon Oil Corporation which is valued at $4,981,330. Marathon Oil Corporation makes up approx 0.66% of Spot Trading L.l.c’s portfolio.Flossbach Von Storch Ag boosted its stake in MRO in the latest quarter, The investment management firm added 170,000 additional shares and now holds a total of 540,000 shares of Marathon Oil Corporation which is valued at $7,365,600. Marathon Oil Corporation makes up approx 0.12% of Flossbach Von Storch Ag’s portfolio.

Marathon Oil Corporation opened for trading at $14.96 and hit $15.255 on the upside on Thursday, eventually ending the session at $15.11, with a gain of 0.60% or 0.09 points. The heightened volatility saw the trading volume jump to 1,48,81,760 shares. Company has a market cap of $12,802 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.

Many Wall Street Analysts have commented on Marathon Oil Corporation. Marathon Oil Corporation was Downgraded by Seaport Global Securities to ” Neutral” on Aug 30, 2016. Marathon Oil Corporation was Upgraded by BofA/Merrill to ” Buy” on Aug 16, 2016. 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 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.

Leave a Reply

Marathon Oil Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marathon Oil Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.