Smart Money Buying the Price Weakness of Marathon Oil Corporation (MRO)

Cornelia Mascio
Marzo 21, 2017

Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions - Africa, Middle East, Europe and North America. BlackRock Institutional Trust Company N.A. now owns 16,250,746 shares of the company's stock worth $659,618,000 after buying an additional 1,456,438 shares during the last quarter. For annual bases, the firm attains $-0.08 per-share earnings for FY 2016 trends against $0.21 for fiscal year 2017 Trends, views extracted from WSJ.

Marathon Petroleum Corporation (NYSE:MPC) was down -0.74% (-$0.38) to $51.18 and showed a volume of 5.18 mln shares.

EPS growth for this year is 19.70% and EPS growth for next year is expected to reach at 169.20%. Higher EPS estimate is noted at $0.10 while lowest EPS estimate among analysts is targeted at $-0.19.

According to Zacks brokerage recommendations, Marathon Petroleum Corporation (NYSE:MPC)'s Buy count is 1 and Strong Buy is 9 while the number of analysts recommending Sell and Strong Sell are 0 and 3, respectively. Following the acquisition, the director now owns 8,776 shares of the company's stock, valued at $438,273.44. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The growth estimate for the next quarter is 78.3 percent. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.14, while the High earnings estimate is $0.02.Comparatively, EPS for the same quarter a year ago was $-0.1.

Some buy side analysts are also providing their Analysis on Marathon Oil Corporation, where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 0 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The share price of the stock plunged -23.02% for the year.

Marathon Oil Corporation (MRO) dropped slightly amid mild profit booking and the last known price was $15.5 per share. The research firm Upgrade the stock to Positive. The stock has its 52-Week High on Mar 17, 2017 and 52-Week Low on Nov 3, 2016. The firm has a market capitalization of $26.81 billion, a P/E ratio of 22.98 and a beta of 1.74. The 52-Week High range of the stock is $19.28, while the 52-week low range is $9.65. The Company's shares are trading -7.34% below their 50-day moving average and -1.24% below their 200-day moving average. Marathon Petroleum Corp has a 12-month low of $32.02 and a 12-month high of $54.59. The company's market cap is $13.13 Billion, and the average volume is $11.72 Million. As far as the returns are concern, the return on equity was recorded as 10.40% and return on investment was 8.50% while its return on asset stayed at 5.30%. While it's Return on Investment (ROI) value is -7.3%. This makes the second weekly reverse candle in a row formed by MRO's stock price by taking support from its 50-week moving average.

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