LLC IN Lowers Stake in Marathon Petroleum Corporation (MPC)

Marco Green
August 11, 2017

Marathon Oil Corporation's revenue for the quarter was down 4.0% on a year-over-year basis. Its investment stood at $418,656,000 a decrease of 24.6% as of quarter end.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gulf International Bank UK Ltd boosted its stake in Marathon Petroleum Corporation by 1.3% in the first quarter.

Franklin Resources Inc says it raised its investment in Marathon Oil Corporation stock by 172,826 shares as of the end of the last quarter.

Iconiq Capital Llc decreased its stake in Jd Com Inc (JD) by 5.26% based on its latest 2016Q4 regulatory filing with the SEC. Inc. now owns 15,972 shares of the oil and gas company's stock worth $807,000 after buying an additional 248 shares during the last quarter. BlackRock Inc. boosted its position in shares of Marathon Oil Corporation by 4,827.5% in the first quarter. Exane Derivatives now owns 9,907 shares of the oil and gas producer's stock worth $157,000 after buying an additional 2,775 shares during the period. Share performance for the month is now at -8.42%. Finally, Tarbox Group Inc. increased its position in Marathon Petroleum Corporation by 1.5% in the first quarter. The stock has a 50 day moving average price of $11.89 and a 200-day moving average price of $14.47. Finally, BMO Capital Markets restated a "hold" rating and set a $17.00 price objective on shares of Marathon Oil Corporation in a research report on Thursday, April 13th. 2,067,967 shares of the company were exchanged. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. For this MRO's 20 days and 50 days MA (moving average) comparison clear the blur picture. About shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 14.05% since August 11, 2016 and is uptrending. First Eagle Inv Management Limited Liability stated it has 0.07% in Marathon Petroleum Corp (NYSE:MPC). The Norinchukin Bank The holds 17,966 shares with $1.32M value, down from 27,982 last quarter.

Looking at some ROIC (Return on Invested Capital) numbers, Marathon Petroleum Corporation (NYSE:MPC)'s ROIC Quality Score is 4.591891. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures.

In the last earnings report the EPS was $-7.84 and is projected to be $-0.46 for the current year with 849,834,000 shares now outstanding. They are projecting Next Quarter growth of 9.3%. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year. However, the company's most recent quarter increase of 12.7% looks attractive. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.40 per share. Moreover, Parkside Retail Bank & has 0% invested in Marathon Petroleum Corp (NYSE:MPC) for 153 shares. The stock of Marathon Petroleum Corp (NYSE:MPC) has "Buy" rating given on Monday, August 10 by Zacks. The difference between the expected and actual EPS was $-0.04/share, which represents an Earnings surprise of -3.7%. Marathon Petroleum Corporation's payout ratio is 81.82%.

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A number of equities analysts have recently issued reports on MRO shares. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $69.82 on company stock. Stephens assumed coverage on shares of Marathon Oil Corporation in a research note on Wednesday, July 12th. Nomura downgraded the shares of MRO in report on Thursday, December 15 to "Neutral" rating. On Thursday, June 22 the stock rating was maintained by Jefferies with "Buy". Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock.

According to Financial Times, The 17 analysts offering 12 month price targets for Marathon Petroleum Corp have a median target of 65.00, with a high estimate of 103.00 and a low estimate of 55.00.

In other Marathon Petroleum Corporation news, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $53.25, for a total transaction of $213,000.00. AXA now holds 290,100 shares valued at $3,438,000. Peak6 Invests Lp has invested 0.01% in Marathon Oil Corporation (NYSE:MRO). The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company's stock.

Ratings analysis reveals 60% of Marathon Petroleum's analysts are positive. The Firm operates through three divisions: Refining & Marketing; Speedway; and Midstream.

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