Marathon Oil Corporation (MRO) : Edmond De Rothschild Asset Management (france) scooped up 540,100 additional shares in Marathon Oil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,525,100 shares of Marathon Oil Corporation which is valued at $52,629,743.Marathon Oil Corporation makes up approximately 2.39% of Edmond De Rothschild Asset Management (france)’s portfolio.
Other Hedge Funds, Including , Fdx Advisors added MRO to its portfolio by purchasing 34,660 company shares during the most recent quarter which is valued at $517,474. Marathon Oil Corporation makes up approx 0.02% of Fdx Advisors’s portfolio.Bb&t Securities reduced its stake in MRO by selling 10,059 shares or 44.15% in the most recent quarter. The Hedge Fund company now holds 12,726 shares of MRO which is valued at $189,363.Robeco Institutional Asset Management B.v. boosted its stake in MRO in the latest quarter, The investment management firm added 4,968 additional shares and now holds a total of 2,655,598 shares of Marathon Oil Corporation which is valued at $37,576,712. Marathon Oil Corporation makes up approx 0.29% of Robeco Institutional Asset Management B.v.’s portfolio.World Asset Management Inc boosted its stake in MRO in the latest quarter, The investment management firm added 1,741 additional shares and now holds a total of 100,027 shares of Marathon Oil Corporation which is valued at $1,318,356. Marathon Oil Corporation makes up approx 0.05% of World Asset Management Inc’s portfolio.Cibc Asset Management Inc reduced its stake in MRO by selling 6,532 shares or 7.51% in the most recent quarter. The Hedge Fund company now holds 80,392 shares of MRO which is valued at $1,141,566. Marathon Oil Corporation makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.
Marathon Oil Corporation opened for trading at $15.52 and hit $15.825 on the upside on Monday, eventually ending the session at $15.62, with a gain of 1.03% or 0.16 points. The heightened volatility saw the trading volume jump to 1,39,93,762 shares. Company has a market cap of $13,233 M.
On the company’s financial health, Marathon Oil Corporation reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $-0.19. The company had revenue of $1229.00 million for the quarter, compared to analysts expectations of $1097.56 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.20 EPS.
Many Wall Street Analysts have commented on Marathon Oil Corporation. Marathon Oil Corporation was Initiated by Susquehanna to “Neutral” on Nov 18, 2016. Shares were Downgraded by Barclays on Oct 17, 2016 to ” Equal Weight” and Lowered the Price Target to $ 17 from a previous price target of $18 .Marathon Oil Corporation was Downgraded by Credit Suisse to ” Neutral” on Sep 12, 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.