Marathon Oil Corporation (MRO) : Simplex Trading reduced its stake in Marathon Oil Corporation by 68.64% during the most recent quarter end. The investment management company now holds a total of 29,930 shares of Marathon Oil Corporation which is valued at $465,711 after selling 65,525 shares in Marathon Oil Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Marathon Oil Corporation makes up approximately 0.06% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in MRO in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 6,491 shares of Marathon Oil Corporation which is valued at $101,000. Marathon Oil Corporation makes up approx 0.02% of Advisory Services Network’s portfolio. Hefty Wealth Partners added MRO to its portfolio by purchasing 1,182 company shares during the most recent quarter which is valued at $19,054. Marathon Oil Corporation makes up approx 0.01% of Hefty Wealth Partners’s portfolio. West Oak Capital sold out all of its stake in MRO during the most recent quarter. The investment firm sold 300 shares of MRO which is valued $4,836. Eqis Capital Management added MRO to its portfolio by purchasing 13,968 company shares during the most recent quarter which is valued at $225,164. Marathon Oil Corporation makes up approx 0.01% of Eqis Capital Management’s portfolio.Washington Trust Bank reduced its stake in MRO by selling 1,855 shares or 92.75% in the most recent quarter. The Hedge Fund company now holds 145 shares of MRO which is valued at $2,337.
Marathon Oil Corporation closed down -0.52 points or -3.23% at $15.56 with 1,68,81,090 shares getting traded on Friday. Post opening the session at $16.11, the shares hit an intraday low of $15.5 and an intraday high of $16.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 Credit Suisse to ” Neutral” on Sep 12, 2016. Marathon Oil Corporation was Downgraded by Societe Generale to ” Hold” on Sep 9, 2016. Marathon Oil Corporation was Downgraded by Seaport Global Securities to ” Neutral” on Aug 30, 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.