Marathon Oil Corporation (MRO) Expected to Post Earnings of -$0.05 Per Share

Frederick Owens
December 3, 2017

The company saw 0.57 million shares trade hands over the course of the day.

Marathon Oil Corporation (NYSE:MRO) has seen its stock price gain 2.47, or -14.27%, so far in 2017. It has outperformed by 29.50% the S&P500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Lowes Cos now has $70.00 billion valuation. The stock increased 5.33% or $0.02 during the last trading session, reaching $0.395. About 1.35M shares traded. The company was upgraded on Tuesday, August 16 by Bank of America. It has underperformed by 2.65% the S&P500.

Investors sentiment decreased to 1.05 in 2017 Q2. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. It worsened, as 55 investors sold Marathon Oil Corporation shares while 186 reduced holdings.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. The total amount of shares outstanding is 850.00 million, giving the company a market capitalization of about 12.61 billion. Millennium Management Lc stated it has 2.40 million shares or 0.22% of all its holdings.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Thursday, October 26th. The insider, WILSON GARY EUGENE, now holds 59,595 shares of MRO. Scotiabank reiterated a "buy" rating and issued a $19.00 target price on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Arrow, New York-based fund reported 100 shares. Chesley Taft Associate has invested 0.73% in Marathon Petroleum Corporation (NYSE:MPC).

Another recent and important Marathon Petroleum Corporation (NYSE:MPC) news was published by Seekingalpha.com which published an article titled: "MPLX: Value Proposition Stronger Than Ever" on November 20, 2017. The broad Biotechnology industry has an average P/S ratio of 3.89, which represents discount over the sector's 5.42. Gotham Asset Mgmt Limited Company owns 0.05% invested in Marathon Petroleum Corporation (NYSE:MPC) for 72,941 shares. Marathon Oil Corporation's now has a PEG ratio of - where as its P/E ratio is 0.00. North Star Asset Mgmt holds 4,772 shares or 0.03% of its portfolio. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Marathon Oil during the fourth quarter valued at about $1,963,000. C M Bidwell And Associates Limited invested in 126,350 shares. Doheny Asset Mgmt Ca reported 0.94% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC).

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Putnam Investments Llc decreased Hannon Armstrong Sustainable (NYSE:HASI) stake by 33,033 shares to 356,871 valued at $8.16M in 2017Q2. Goodwin Daniel L owns 1.13% invested in Marathon Petroleum Corporation (NYSE:MPC) for 48,000 shares. Therefore 68% are positive. Marathon Oil Corporation had 92 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Wednesday, August 26 by JP Morgan. UBS upgraded Marathon Petroleum Corporation (NYSE:MPC) rating on Thursday, February 2. As it upholds an amended rate with more EPSGR it is prone to be a good target. RBC Capital Markets maintained Marathon Oil Corporation (NYSE:MRO) on Friday, June 2 with "Hold" rating.

In other news, VP Raymond L. Brooks sold 13,000 shares of the business's stock in a transaction that occurred on Thursday, November 16th. Barclays Capital maintained the stock with "Overweight" rating in Tuesday, October 10 report. The company was maintained on Friday, June 10 by JP Morgan. The stock of Ultrapar Participações S.A. (NYSE:UGP) has "Neutral" rating given on Tuesday, April 11 by Citigroup. California-based Engines Ltd Company has invested 0.23% in Marathon Petroleum Corporation (NYSE:MPC). They expect $0.90 EPS, up 109.30 % or $0.47 from last year's $0.43 per share. MPC's profit will be $439.57 million for 17.46 P/E if the $0.90 EPS becomes a reality.

Since June 14, 2017, it had 0 insider buys, and 1 sale for $1.36 million activity. Weaver C Barksdale & has 1.56% invested in Marathon Petroleum Corporation (NYSE:MPC). If the ratio is greater than 1, then that means there has been an increase in price over the month. Its up 0.03, from 1 in 2017Q1. Tpg Group Holdings Sbs Advisors Inc sold 656,203 shares as Marathon Pete Corp. 108 funds opened positions while 386 raised stakes.

Among new and sold out positions, 92 holders initiated new positions by a total of 7.12 million shares and 114 holders exited their positions by a total of 3.44 million shares. Balasa Dinverno & Foltz Limited Liability stated it has 0.05% in Marathon Petroleum Corporation (NYSE:MPC). The stock has a market cap of $30,589.26, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61.

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