Ownership Action Don’t Lie: Marathon Oil Corp (NYSE:MRO) Institutional Investors Q2 2016 Sentiment

November 25, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action Don't Lie: Marathon Oil Corp (NYSE:MRO) Institutional Investors  Q2 2016 Sentiment

Sentiment for Marathon Oil Corp (NYSE:MRO)

Marathon Oil Corp (NYSE:MRO) institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.10, from 1.09 in 2016Q1. The ratio is better, as 259 investment professionals started new or increased holdings, while 238 decreased and sold their stock positions in Marathon Oil Corp. The investment professionals in our partner’s database now have: 670.09 million shares, down from 671.42 million shares in 2016Q1. Also, the number of investment professionals holding Marathon Oil Corp in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 64 Reduced: 174 Increased: 202 New Position: 57.

Marathon Oil Corporation is an exploration and production firm with activities in North America, Europe and Africa. The company has a market cap of $14.10 billion. The Firm operates through three divisions: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids 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 liquefied natural gas (LNG) and methanol, in Equatorial Guinea, 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 currently has negative earnings.

About 1.66M shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 17.02% since April 22, 2016 and is uptrending. It has outperformed by 11.61% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on February, 15. They expect $-0.13 earnings per share, up 72.92% or $0.35 from last year’s $-0.48 per share. After $-0.11 actual earnings per share reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

According to Zacks Investment Research, “Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions – Africa, Middle East, Europe and North America. As of year-end 2014, Marathon had approximately 2.2 billion oil-equivalent barrels (BBOE) in proved reserves (80% liquids and 67% developed). The company’s business is organized into three segments – North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. In July 2011, Marathon completed the spin-off of its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (Ticker: MPC).”

Zimmer Partners Lp holds 6.26% of its portfolio in Marathon Oil Corporation for 14.02 million shares. Mitchell Group Inc owns 4.09 million shares or 6.17% of their US portfolio. Moreover, Caymus Capital Partners L.P. has 3.59% invested in the company for 1.60 million shares. The California-based Hotchkis & Wiley Capital Management Llc has invested 2.92% in the stock. Schneider Capital Management Corp, a Pennsylvania-based fund reported 947,641 shares.#img1#

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Ratings analysis reveals 36% of Marathon Oil Corporation’s analysts are positive. Out of 22 Wall Street analysts rating Marathon Oil Corporation, 8 give it “Buy”, 1 “Sell” rating, while 13 recommend “Hold”. The lowest target is $9 while the high is $25. The stock’s average target of $16.80 is 2.38% above today’s ($16.41) share price. MRO was included in 43 notes of analysts from July 21, 2015. As per Friday, August 7, the company rating was downgraded by TheStreet. The firm earned “Sector Perform” rating on Monday, December 14 by Howard Weil. As per Friday, November 6, the company rating was downgraded by Tudor Pickering. The stock has “Neutral” rating given by Credit Suisse on Monday, September 12. The stock of Marathon Oil Corporation (NYSE:MRO) has “Hold” rating given on Friday, December 11 by Argus Research. The stock has “Hold” rating given by BMO Capital Markets on Saturday, September 5. The stock of Marathon Oil Corporation (NYSE:MRO) has “Overweight” rating given on Monday, January 11 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Thursday, July 14. The rating was downgraded by Seaport Global on Tuesday, August 30 to “Neutral”. The stock of Marathon Oil Corporation (NYSE:MRO) has “Overweight” rating given on Tuesday, May 31 by Simmons & Co.

MRO Company Profile

Marathon Oil Corporation, incorporated on May 30, 2001, is an exploration and production firm with activities in North America, Europe and Africa. The Firm operates through three divisions: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (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 liquefied natural gas (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.

Another recent and important Marathon Oil Corporation (NYSE:MRO) news was published by Fool.com which published an article titled: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” on November 03, 2016.

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By Winifred Garcia


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