Do Institutional Investors Love Marathon Oil Corp (NYSE:MRO)?

June 29, 2018 - By Karen Cook

Marathon Oil Corporation (NYSE:MRO) Logo

Sentiment for Marathon Oil Corp (NYSE:MRO)

Marathon Oil Corp (NYSE:MRO) institutional sentiment increased to 0.96 in 2018 Q1. Its up 0.08, from 0.88 in 2017Q4. The ratio is positive, as 213 hedge funds increased or opened new stock positions, while 223 sold and reduced holdings in Marathon Oil Corp. The hedge funds in our partner’s database now have: 647.65 million shares, down from 664.17 million shares in 2017Q4. Also, the number of hedge funds holding Marathon Oil Corp in their top 10 stock positions increased from 4 to 5 for an increase of 1. Sold All: 29 Reduced: 194 Increased: 147 New Position: 66.

Marathon Oil Corporation operates as an energy company. The company has market cap of $18.06 billion. It operates through three divisions: North America E&P, International E&P, and Oil Sands Mining. It currently has negative earnings. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids , and natural gas in North America.

The stock increased 2.27% or $0.47 during the last trading session, reaching $21.17. About 6.37M shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 53.41% since June 29, 2017 and is uptrending. It has outperformed by 40.84% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on August, 1. They expect $0.16 earnings per share, up 166.67 % or $0.40 from last year’s $-0.24 per share. MRO’s profit will be $136.51 million for 33.08 P/E if the $0.16 EPS becomes a reality. After $0.18 actual earnings per share reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

Encompass Capital Advisors Llc holds 3.64% of its portfolio in Marathon Oil Corporation for 1.85 million shares. Sir Capital Management L.P. owns 1.22 million shares or 3.44% of their US portfolio. Moreover, F&V Capital Management Llc has 2.75% invested in the company for 312,620 shares. The Texas-based Mitchell Group Inc has invested 2.7% in the stock. Hotchkis & Wiley Capital Management Llc, a California-based fund reported 38.94 million shares.

Since January 1, 0001, it had 0 buys, and 3 insider sales for $10.21 million activity.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Ratings analysis reveals 50% of Marathon Oil’s analysts are positive. Out of 14 Wall Street analysts rating Marathon Oil, 7 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $16 while the high is $27. The stock’s average target of $21.07 is -0.47% below today’s ($21.17) share price. MRO was included in 19 notes of analysts from January 4, 2018. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Buy” rating by RF Lafferty on Tuesday, February 20. The rating was maintained by Stifel Nicolaus on Monday, April 23 with “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $18.0 target in Monday, January 29 report. Susquehanna maintained the shares of MRO in report on Wednesday, January 17 with “Buy” rating. On Tuesday, February 6 the stock rating was maintained by Stephens with “Hold”. Bank of America upgraded Marathon Oil Corporation (NYSE:MRO) on Thursday, January 4 to “Buy” rating. The stock has “Overweight” rating by JP Morgan on Monday, March 26. J.P. Morgan upgraded the stock to “Buy” rating in Monday, March 26 report. Susquehanna maintained Marathon Oil Corporation (NYSE:MRO) rating on Sunday, February 25. Susquehanna has “Buy” rating and $21.0 target. Susquehanna maintained the stock with “Buy” rating in Thursday, April 19 report.

More notable recent Marathon Oil Corporation (NYSE:MRO) news were published by: Streetinsider.com which released: “Marathon Oil (MRO) Announces Zach Dailey as New CEO; Appoints Guy Baber as VP of IR” on June 25, 2018, also Fool.com with their article: “Why Marathon Oil, WillScot, and Del Taco Restaurants Jumped Today” published on June 22, 2018, Seekingalpha.com published: “Marathon Oil Is Bakken Into Oil Profits” on June 11, 2018. More interesting news about Marathon Oil Corporation (NYSE:MRO) were released by: Bizjournals.com and their article: “See which Houston public cos. were the biggest winners, losers for job growth since 2009” published on June 25, 2018 as well as Seekingalpha.com‘s news article titled: “Marathon Sprints Past Bottleneck Woes In Permian” with publication date: June 28, 2018.

Marathon Oil Corporation (NYSE:MRO) Institutional Positions Chart

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