Economy

Marathon Oil (MRO) Lifted to "Buy" at Zacks Investment Research

The institutional investor held 62,455 shares of the restaurants company at the end of 2017Q3, valued at $9.79M, down from 106,301 at the end of the previous reported quarter. Pacer Advisors Inc. now owns 17,531 shares of the oil and gas producer's stock worth $208,000 after acquiring an additional 1,354 shares during the last quarter. Ulta Beauty, Inc. (NASDAQ:ULTA) has risen 41.46% since January 15, 2017 and is uptrending. It has underperformed by 11.44% the S&P500.

Biglari Capital Corp decreased its stake in Investors Title Co (ITIC) by 19.06% based on its latest 2017Q3 regulatory filing with the SEC. Caisse De Depot Et Placement Du Quebec bought 156,800 shares as the company's stock rose 5.52% with the market. The institutional investor held 110,821 shares of the integrated oil company at the end of 2017Q3, valued at $6.22 million, down from 187,434 at the end of the previous reported quarter. Caisse De Depot Et Placement Du Quebec who had been investing in Marathon Petroleum Corp for a number of months, seems to be bullish on the $34.88B market cap company.

NYSE:WTI) shares were trading higher by 1.67 percent ($0.08) at $4.88 a piece in Sunday's session. About 2.63M shares traded. Marathon Oil Corporation (NYSE:MRO)'s short interest is 16.64 million shares, or 1.97% of the float. It has outperformed by 84.47% the S&P500. Therefore 67% are positive. McDonald's Corporation had 120 analyst reports since September 29, 2015 according to SRatingsIntel. Seaport Global Securities upgraded shares of Marathon Oil from a "sell" rating to a "buy" rating in a research note on Tuesday, December 19th. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. $2.31 million worth of Marathon Petroleum Corporation (NYSE:MPC) was sold by Kelley Thomas M. on Thursday, December 14. The firm has "Buy" rating given on Friday, December 15 by Piper Jaffray. The firm earned "Hold" rating on Monday, August 17 by Vetr. The stock has an average rating of "Buy" and an average price target of $69.50. As per Sunday, November 8, the company rating was downgraded by Tudor Pickering. As per Friday, July 7, the company rating was maintained by Chardan Capital Markets.

The investor is now holding $29.15 million shares due in part to a decrease of 6.19 million new shares in their portfolio. Its up 0.06, from 0.93 in 2017Q2. It turned negative, as 52 investors sold Marathon Petroleum Corporation shares while 292 reduced holdings. First Interstate Bank raised its stake in shares of Marathon Petroleum by 81.1% during the 2nd quarter. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.06. Eaton Vance Mngmt reported 13,137 shares stake. Envestnet Asset Mgmt invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Magnetar Fincl Llc, a Illinois-based fund reported 13,185 shares. Tru Of Virginia Va reported 113,032 shares.

Among new and sold out positions, 56 holders initiated new positions by a total of 13.5 million shares and 55 holders exited their positions by a total of 9.66 million shares. Moreover, Lowe Brockenbrough Company has 0.2% invested in Marathon Petroleum Corporation (NYSE:MPC). (NASDAQ:ULTA). F&V Cap Mngmt Ltd Liability Corp invested in 1,183 shares. Tower Capital Ltd Liability (Trc) invested in 0.02% or 3,779 shares. Utah Retirement Systems has invested 0.04% in Alnylam Pharmaceuticals, Inc. Fmr Lc has invested 0.01% in PolyOne Corporation (NYSE:POL). Smithfield Comm holds 200 shares or 0% of its portfolio. YorkBridge Wealth Partners LLC raised its stake in shares of Marathon Petroleum by 7.3% during the 2nd quarter. After $1.13 actual earnings per share reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts 37.17% EPS growth. During the same period last year, the business earned ($0.23) EPS. sell-side analysts anticipate that Marathon Oil will post -0.31 EPS for the current fiscal year.

Since September 14, 2017, it had 0 insider purchases, and 5 insider sales for $7.73 million activity. Weber David M sold 16,500 shares worth $2.44 million.

In an overview of the current analyst recommendations, Buy count is 13 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. Therefore 45% are positive.

The consensus recommendation - averaging the work of 19 analysts - of 1.9 for Marathon Petroleum Corporation (MPC) points to bullish case. The rating was maintained by PiperJaffray on Thursday, May 25 with "Overweight". RBC Capital Markets has "Sector Perform" rating and $270 target. Cowen & Co maintained the stock with "Outperform" rating in Friday, February 12 report. American Century Companies Inc. now owns 25,138 shares of the oil and gas producer's stock worth $298,000 after acquiring an additional 5,542 shares during the last quarter. The third largest holder is Macquarie Group Ltd, which now holds $1.01 billion worth of this stock and that ownership represents almost 6.26% of its market capitalization. The company was maintained on Wednesday, January 10 by Scotia Capital.

Marathon Petroleum Corporation (MPC) opened the session with a $70.5 price tag, later ranging from $70.47 to $71.5, the range at which the stock has traded at throughout the day.

According to Zacks, "Marathon Oil is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline". The firm has "Equal-Weight" rating given on Thursday, September 21 by Morgan Stanley.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Like this

loading...
loading...

Latest


15 January 2018
Sells 2334 Shares of AbbVie Inc. (ABBV)
Sabal Trust Co decreased its stake in Abbvie Inc ( ABBV ) by 9.95% based on its latest 2017Q3 regulatory filing with the SEC. Texas-based Beck Management Ltd Liability Corporation has invested 1.5% in AbbVie Inc. (NYSE: ABBV ) for 93,208 shares.

15 January 2018
Spacex Falcon Heavy will have static fire test on Monday
Elon Musk made headlines with plans to use his red Tesla Roadster as payload for Falcon Heavy. SpaceX biggest rocket is getting tested today at the Kennedy Space Center in Florida.

15 January 2018
Home Depot Inc (HD) Shares Bought by Notis McConarty Edward
In related news, EVP Matt Carey sold 41,396 shares of the company's stock in a transaction dated Friday, December 8th. Zevenbergen Cap Invs Ltd Liability Company owns 8,620 shares. 2,096 are held by Clarkston Capital Prns Ltd Llc.

15 January 2018
Great Southern Bancorp (GSBC) Upgraded by Zacks Investment Research to Strong-Buy
Goldman Sachs Group stated it has 0% of its portfolio in Great Southern Bancorp , Inc. (NASDAQ:GSBC) or 465 shares. BlackRock Fund Advisors raised its position in shares of Great Western Bancorp by 277.2% in the second quarter.

15 January 2018
Brokers Issue Forecasts for H&E Equipment Services, Inc.'s FY2018 Earnings (HEES)
Algert Global LLC purchased a new position in shares of H&E Equipment Services during the 3rd quarter worth about $3,196,000. The company has a market cap of $1,390.00, a PE ratio of 38.25, a price-to-earnings-growth ratio of 1.33 and a beta of 2.90.

15 January 2018
Egypt doesn't want war, Sisi says as tension grows with Sudan
The latest tension was sparked after Sudan signed an agreement to temporarily hand over the Red Sea island of Suakin to Turkey. The border wars left more than 80,000 people dead and the two East African countries are technically still at war.

15 January 2018
Police confirm arrest of man over murder of wife, son in hotel
The hotel has 492 guest rooms and suites and 52 acres of landscaped gardens, according to its website. Some observers have characterized the crackdown by the crown prince as a thinly veiled power grab.

15 January 2018
Kevin Durant reportedly aims to own National Basketball Association team once he retires
They were guest speakers at the annual TechCrunch Disrupt, a large startup conference that took place in San Francisco last fall. But Durant still do so anyway after making various inroads with his business partner, Rich Kleiman, in the tech industry.

15 January 2018
Boeing's (BA) "Outperform" Rating Reiterated at Credit Suisse Group
Trimble Inc. provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The stock of The Boeing Company (NYSE:BA) has "Equal-Weight" rating given on Thursday, August 17 by Morgan Stanley.

15 January 2018
First Pic! Chris Martin & Dakota Johnson Spotted on Romantic Dinner Date
Alas, the only proof of such a union was an Instagram pic of Johnson backstage at a Coldplay concert in Argentina in November. They met up with friends and had a fun night. "They were flirty, and also left the restaurant together", the source revealed.