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Jefferies Group Comments on Marathon Petroleum Co.'s Q1 2018 Earnings (MPC)

29 April, 2018, 01:22 | Author: Kristi Dunn

Paloma Partners Mngmt Communications reported 0.2% stake. Basswood Cap Mgmt Ltd Liability stated it has 161,137 shares or 0.65% of all its holdings. Mackenzie Financial Corp purchased a new stake in Marathon Oil during the 3rd quarter valued at about $149,000. The stock increased 1.44% or $1.15 during the last trading session, reaching $81. About 3.43M shares traded. RSP Permian, Inc. (NYSE:RSPP) has 0.00% since April 24, 2017 and is. The Vaughan David Investments Inc holds 4,700 shares with $310,000 value, down from 607,579 last quarter. It is negative, as 21 investors sold SM shares while 73 reduced holdings. Another trade for 17,298 shares valued at $1.12 million was made by Palmer C. Michael on Tuesday, December 12.

Encompass Capital Advisors Llc owns in Marathon Oil Corporation 7.84% equal to 3.26 million. The rating was upgraded by Raymond James on Monday, October 31 to "Strong Buy". Sumitomo Mitsui Asset Company Limited invested 0.01% in Bunge Limited (NYSE:BG). The fund Iridian Asset Management Llc Ct has 3.94% invested. State Board Of Administration Of Florida Retirement Sys has 67,900 shares for 0% of their portfolio. Jacobs Levy Equity Management Incorporated reported 371,040 shares stake.

Piper Jaffray boosted their FY2018 earnings estimates for shares of Marathon Oil in a report released on Sunday, April 22nd. Bartlett And Limited Liability Company has invested 0.01% in SM Energy Company (NYSE:SM). Shelton Capital Management accumulated 22,398 shares. Shares of the company have performed -7.86% over the last quarter and moved 16.90% over the last twelve months. They expect $0.24 earnings per share, up 300.00% or $0.18 from last year's $0.06 per share. It also reduced its holding in Xpo Logistics Inc (NYSE:XPO) by 99,093 shares in the quarter, leaving it with 806,672 shares, and cut its stake in Lam Research Corp (NASDAQ:LRCX). Company insiders own 1.09% of the company's stock. Spdr Bloomberg Barclays High Yield Bond Etf (JNK) was raised too. Zacks Investment Research raised shares of Marathon Oil from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Monday, January 15th. Therefore 52% are positive. It was published on April, 26 according to Barchart.com. On Tuesday, March 13 the rating was maintained by JP Morgan with "Overweight". RBC Capital Markets maintained the stock with "Buy" rating in Wednesday, October 18 report. On Thursday, January 11 the firm has "Hold" rating by BMO Capital Markets given. On Tuesday, March 13 the firm has "Buy" rating given by Citigroup. Employees Retirement Association Of Colorado holds 163,330 shares or 0.02% of its portfolio. The hedge fund run by David Shaw held 5.62 million shares of the integrated oil company at the end of 2017Q4, valued at $371.01M, down from 6.65 million at the end of the previous reported quarter. The New York-based fund Senator Investment Group Lp looks positive on Marathon Oil Corp, having 12.25 million shares. Reilly Finance Advsrs Limited Co has invested 0% in Marathon Oil Corporation (NYSE:MRO). Kelly now forecasts that the oil and gas producer will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.07. The stock decreased 0.23% or $0.17 during the last trading session, reaching $72.55.

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Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. Stock Trading Desk makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. The stock presently has a consensus rating of "Buy" and a consensus target price of $80.73. The company maintained a Gross Margin of 95.30%. The firm has "Neutral" rating given on Wednesday, November 15 by UBS. The rating was maintained by Stifel Nicolaus on Monday, April 23 with "Hold". Looking deep into the volatility of the stock; it remained 1.93% volatile for the week and 2.43% for the month.

By implementing the simple moving average system, short-term traders can evaluate the stocks effortlessly as compared to the long-term moving average. Moreover, Drw Securities Lc has 0.02% invested in Marathon Oil Corporation (NYSE:MRO). It has outperformed by 70.80% the S&P500.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States.The firm is valued at $39.31 billion. The Stock has market cap of $770.25M and relative volume of 1.9. The firm operates through three divisions: Refining, TLLP, and Marketing. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period.

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