Marathon Oil Corporation (MRO) : Zimmer Partners Lp added new position in Marathon Oil Corporation during the most recent quarter end. The investment management firm now holds 14,019,940 shares of Marathon Oil Corporation which is valued at $206,373,517 , the company said in a statement filed on Aug 15, 2016 with the SEC.Marathon Oil Corporation makes up approximately 8.00% of Zimmer Partners Lp’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added MRO to its portfolio by purchasing 30,500 company shares during the most recent quarter which is valued at $448,960.Wetherby Asset Management Inc boosted its stake in MRO in the latest quarter, The investment management firm added 432 additional shares and now holds a total of 12,341 shares of Marathon Oil Corporation which is valued at $181,660. Marathon Oil Corporation makes up approx 0.04% of Wetherby Asset Management Inc’s portfolio.California Public Employees Retirement System boosted its stake in MRO in the latest quarter, The investment management firm added 144,000 additional shares and now holds a total of 2,900,635 shares of Marathon Oil Corporation which is valued at $38,926,522. Marathon Oil Corporation makes up approx 0.06% of California Public Employees Retirement System’s portfolio.Conning boosted its stake in MRO in the latest quarter, The investment management firm added 1,650 additional shares and now holds a total of 25,062 shares of Marathon Oil Corporation which is valued at $329,064. Marathon Oil Corporation makes up approx 0.01% of Conning’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.