Marathon Oil Corporation (MRO) Position Trimmed by Ontario Teachers Pension Plan Board

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Marathon Petroleum Corporation by 1.2% in the 1st quarter.

Other hedge funds also recently modified their holdings of the company. Blue Chip Partners Inc. purchased a new stake in shares of Marathon Petroleum Corporation during the second quarter worth about $100,000. Wells Fargo & Company lowered Marathon Petroleum Corporation from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $65.00 to $56.00 in a research report on Tuesday, September 5th. Eastern Bank lifted its position in Marathon Oil Corporation by 0.6% during the second quarter. Share performance for the month is now at 1.99%. State Teachers Retirement Systems holds 23,302 shares. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer's stock worth $168,000 after purchasing an additional 150 shares during the period.

Range Resources Corporation (NYSE:RRC)'s latest quote $20.21 $0.14 1.05% will find technical support in $20 a share and a breakdown below this region would be a significantly bearish signal for Range Resources Corporation traders.

Marathon Oil Corporation (NYSE MRO) opened at 13.90 on Thursday. Seaport Global Securities cut shares of Marathon Oil Corporation from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $17.00 to $9.00 in a research report on Wednesday, June 21st.

Toronto Dominion Bank increased Marathon Petroleum Corp (MPC) stake by 22.79% reported in 2017Q2 SEC filing. 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. Currently Marathon Oil Corporation (NYSE:MRO)'s shares owned by insiders are 0.22%, whereas shares owned by institutional owners are 82.70%.

MRO's shares were trading -28.06% below from the 52-week high price mark of $19.28 and 31.47% above from the 52-week price bottom of $10.55. The stock's 50 day moving average price is $53.13 and its 200-day moving average price is $52.51. This isn't sustainable as it implies, very simply, that the company pays more for its capital than what it generates in return. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28. Analysts rating the company a 1 or 2 indicate a Buy recommendation. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation's revenue for the quarter was down 4.0% on a year-over-year basis. The 1 year EPS growth rate is -57.90%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.40 per share. The company has a net profit margin of 5.20% and is more profitable than the average Independent Oil & Gas player. The ex-dividend date of this dividend was Monday, August 14th. Its up 0.18, from 1.31 in 2017Q1. It seems that Range Resources Corporation (NYSE:RRC) might see muted action given an ABR of 2.4 or Hold rating.

WARNING: This article was first published by Marea Informative and is the property of of Marea Informative. The legal version of this story can be accessed at The firm has "Neutral" rating by BTIG Research given on Wednesday, November 16.

06/28/2017 - Marathon Oil Corporation had its "neutral" rating reiterated by analysts at Goldman Sachs. Barclays PLC set a $11.00 price objective on Marathon Oil Corporation and gave the stock a "hold" rating in a research note on Friday, August 4th. They noted that the move was a valuation call. BidaskClub raised Marathon Petroleum Corporation from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 1st.

08/07/2017 - Marathon Oil Corporation had its "buy" rating reiterated by analysts at KLR Group. At the time of writing, the First Call consensus price target for the company is $15.84. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a consensus rating of "Hold" and an average price target of $17.33.

Parsley Energy, Inc. (NYSE:PE) operates in the Independent Oil & Gas segment of the Basic Materials sector. The Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States. Norinchukin Bankshares The holds 72,843 shares or 0.2% of its portfolio.

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