Marathon Oil Corporation (MRO) : Wheatland Advisors Inc reduced its stake in Marathon Oil Corporation by 4.16% during the most recent quarter end. The investment management company now holds a total of 59,837 shares of Marathon Oil Corporation which is valued at $803,013 after selling 2,600 shares in Marathon Oil Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Marathon Oil Corporation makes up approximately 0.42% of Wheatland Advisors Inc’s portfolio.
Other Hedge Funds, Including , Tradelink Capital added MRO to its portfolio by purchasing 13,893 company shares during the most recent quarter which is valued at $186,444. Marathon Oil Corporation makes up approx 0.86% of Tradelink Capital’s portfolio. American Research Management sold out all of its stake in MRO during the most recent quarter. The investment firm sold 600 shares of MRO which is valued $8,184. Northpointe Capital added MRO to its portfolio by purchasing 141,750 company shares during the most recent quarter which is valued at $1,861,178. Marathon Oil Corporation makes up approx 0.21% of Northpointe Capital’s portfolio.
Marathon Oil Corporation closed down -0.01 points or -0.07% at $13.41 with 2,44,45,640 shares getting traded on Thursday. Post opening the session at $13.6, the shares hit an intraday low of $13.05 and an intraday high of $13.9 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
Investors should note that on Jul 27, 2016, Marathon Oil Corporation announced a cash dividend of $0.0500. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 12, 2016.
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.