Volume Gainer: Marathon Oil Corporation (MRO)

Alain Brian
Июля 11, 2017

Investors may also be paying close concentration to some simple moving average indicators on shares of Marathon Oil Corporation (MRO). The fund owned 207,926 shares of the oil and gas company's stock after selling 2,018 shares during the period. United Capital Financial Advisers LLC's holdings in Marathon Oil Corporation were worth $174,000 at the end of the most recent reporting period. Gramercy Funds Management Llc who had been investing in Royce Micro for a number of months, seems to be less bullish one the $322.71M market cap company. Carroll Financial Associates Inc. increased its position in shares of Marathon Petroleum Corporation by 12.3% in the first quarter. BlackRock Inc. raised its position in Marathon Oil Corporation by 4,827.5% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company's stock worth $104,000 after buying an additional 1,697 shares during the last quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer's stock valued at $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Marathon Oil Corporation's dividend payout ratio (DPR) is -2.53%. LLC now owns 10,083 shares of the oil and gas producer's stock worth $159,000 after buying an additional 83 shares in the last quarter. Etrade Capital Management Llc acquired 143,364 shares as Marathon Oil Corp (MRO)'s stock declined 10.47%. It turned negative, as 55 investors sold MRO shares while 216 reduced holdings.

Marathon Oil Corporation is an exploration and production (E&P) company. Mastercard Incorporated (MA) has a market cap of $132.84 billion and over the last 12 months, Mastercard Incorporated (NYSE:MA) has gone stronger by 38.58%. The share price has moved backward from its 20 days moving average -3.92% and negatively from its 50 days moving average -12.63%.

Shares of Marathon Oil Corporation (NYSE:MRO) gained 0.44% to settle at $11.52 during its last trading session on Monday.

The Average Earnings Estimate for the Current Fiscal quarter is $-0.06 per share, according to consensus of 23 analysts. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.29 billion. Marathon Petroleum Corporation had a net margin of 1.80% and a return on equity of 5.68%. The company's revenue for the quarter was up 27.8% on a year-over-year basis. During the same period past year, the firm posted $0.07 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th were issued a $0.36 dividend. The stock rose 1.43% or $0.16 reaching $11.69. The ex-dividend date of this dividend was Monday, May 15th.

Marathon Oil Corporation (NYSE:MRO)'s RSI (Relative Strength Index) is 40.98.

Columbia Pacific Advisors Llc, which manages about $910.93M and $178.27M US Long portfolio, upped its stake in Jones Energy Inc (NYSE:JONE) by 90,030 shares to 461,030 shares, valued at $2.31M in 2016Q4, according to the filing. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & worldwide copyright and trademark legislation.

A number of research firms have recently commented on MPC. Analysts reported that the Price Target for Marathon Oil Corporation might touch $26 high while the Average Price Target and Low price Target is $17.88 and $9 respectively. Citigroup Inc. raised shares of Marathon Oil Corporation from a "neutral" rating to a "buy" rating and cut their target price for the stock from $19.00 to $15.00 in a research note on Wednesday, July 5th.

MPC is up +7.7% over the last three months and up +9.4% over the last six months. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

In other news, VP C. Michael Palmer sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $52.04, for a total transaction of $237,718.72. Based on an average daily volume of 14,438,029 shares, the days-to-cover ratio is presently 3.2 days. The disclosure for this sale can be found here.

Investors in Marathon Petroleum have been patiently waiting for the uptick in earnings and if you believe the 13 analysts covering the stock then the next 3 years will be very interesting.

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