Falling Short Interest in Marathon Oil Stock: What Does It Mean?

Share

Lord Abbett And Ltd Liability Com holds 0.03% or 211,000 shares.

Marathon Petroleum Corporation (NYSE:MPC) is expected to pay $0.40 on Dec 11, 2017. Lord Abbett & Company Ltd Liability Company holds 0.09% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 2.44 million shares.

Univar Inc. (UNVR) stock moved with shift of 4.17% in the past week.

Missouri-based Monetary Grp Inc has invested 0.01% in Marathon Oil Corporation (NYSE:MRO).

About 1.88 million shares traded.

Oz Management Lp decreased Marathon Pete Corp (Put) (MPC) stake by 75.89% reported in 2017Q2 SEC filing. Invictus RG now owns 3,176 shares of the company's stock valued at $118,000 after buying an additional 835 shares during the last quarter. HL Financial Services LLC now owns 23,151 shares of the oil and gas company's stock valued at $1,298,000 after buying an additional 2,653 shares during the period.

COPYRIGHT VIOLATION WARNING: This article was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was stolen and reposted in violation of USA and worldwide copyright and trademark legislation. Zacks Investment Research raised Marathon Petroleum Corporation from a "sell" rating to a "hold" rating in a research note on Monday, August 7th.

The collective rating of 1.8 for Marathon Petroleum Corporation (NYSE:MPC) also leans strongly towards the bullish end of the spectrum. The stock increased 0.78% or $0.48 during the last trading session, reaching $62.2.

Marathon Oil Corporation (NYSE:MRO) touched its 1-Year High price of $19.28 on 12/12/16 and its 1-Year Low price of $10.55 on 08/18/17. RBC Capital Markets downgraded the stock to "Neutral" rating in Thursday, April 13 report.

Analysts believe that the company has the potential to earn average revenue of $1.31 Billion for the current quarter. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The firm's revenue for the quarter was up 17.6% compared to the same quarter past year. In the last earnings report the EPS was $3.20 with 498.00M shares now outstanding. The Price to Sales (P/S) ratio of the stock is 0.43, while P/B (Price to Book) stands at 2.42. Shareholders of record on Wednesday, November 16th will be issued a $0.36 dividend. Marathon Petroleum Corporation's dividend payout ratio (DPR) is now 49.08%.

In related news, insider Anthony R. Kenney sold 77,578 shares of the business's stock in a transaction that occurred on Monday, November 6th.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 12.78%, and has a solid year to date (YTD) performance of -10.17% which means that the stock is constantly adding to its value from the previous fiscal year end price. The insider Palmer C. Michael sold 4,568 shares worth $237,696. The average 1-year price target for (BBT) reveals an average price target of $48.81 per share. The disclosure for this sale can be found here.

These firms have modified their investment in MPC.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 14 have Buy rating, 0 Sell and 5 Hold. Sun Life Inc reported 0.01% in Marathon Oil Corporation (NYSE:MRO). Barclays Capital maintained it with "Overweight" rating and $70.0 target in Tuesday, January 12 report.

The current Stock Price of Marathon Oil Corporation is valued at $15.62, indicating a price change of -1.01%. According to their observations and findings, the stock could provide a high EPS of $0.15/share and a low EPS of $-0.15/share.

Marathon Petroleum Corporation was covered by a number of analysts recently, 9 rated the stock as Buy, 4 rated Hold, 0 rated sell and 0 gave an Underperform. The stock of Kennedy-Wilson Holdings Inc (NYSE:KW) has "Buy" rating given on Thursday, June 22 by BTIG Research.

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi.

Share