Published: Sat, August 12, 2017
Business | By Max Garcia

Korea Investment CORP Acquires 282113 Shares of Marathon Oil Corporation (MRO)


The fund owned 559,863 shares of the oil and gas producer's stock after buying an additional 282,113 shares during the period. The stock of Marathon Oil Corporation (NYSE:MRO) earned "Neutral" rating by UBS on Tuesday, December 13.

While looking at the Stock's Performance, Marathon Petroleum Corporation now shows a Weekly Performance of -5.71%, where Monthly Performance is -2.23%, Quarterly performance is 1.24%, 6 Months performance is 7.88% and yearly performance percentage is 29.15%.

Several other hedge funds and other institutional investors also recently modified their holdings of MRO. Integrated Investment Consultants LLC boosted its position in shares of Marathon Oil Corporation by 33.8% in the second quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer's stock valued at $769,660,000 after buying an additional 811,608 shares in the last quarter.

The Return on Invested Capital (aka ROIC) for Marathon Oil Corporation (NYSE:MRO) is -0.045772. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company's stock worth $104,000 after buying an additional 1,697 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Marathon Oil Corporation by 8.9% in the first quarter. Finally, FMR LLC increased its stake in shares of Marathon Petroleum Corporation by 109.5% in the first quarter. New England Research Mngmt Inc reported 0.21% in Marathon Oil Corporation (NYSE:MRO). The Bank Of America Corp holds 487,095 shares with $8.14M value, up from 464,408 last quarter. Scotia Capital invested in 0.01% or 9,702 shares.

Watching some historical volatility numbers on shares of Marathon Petroleum Corporation (NYSE:MPC), we can see that the 12 month volatility is presently 22.063100. Marathon Oil Corporation has a 12-month low of $11.20 and a 12-month high of $19.28. The stock has a 50 day moving average of $11.90 and a 200-day moving average of $14.32. The ROIC 5 year average of Marathon Oil Corporation (NYSE:MRO) is 0.055414. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.14) by $0.10. The company had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. During the same period past year, the business earned ($0.23) EPS. On average, equities analysts expect that Marathon Oil Corporation will post ($0.45) earnings per share for the current fiscal year.

More notable recent Marathon Oil Corporation (NYSE:MRO) news were published by: Nasdaq.com which released: "Marathon Oil (MRO) Q2 Loss Wider than Expected, Revenues Beat" on August 03, 2017, also Nasdaq.com with their article: "Earnings Reaction History: Marathon Oil Corporation, 30.0% Follow-Through ..." published on August 02, 2017, Investorplace.com published: "Why Teva Pharmaceutical Industries Ltd (ADR) (TEVA), Intrepid Potash, Inc ..." on August 07, 2017. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. Marathon Petroleum Corporation's dividend payout ratio is 81.82%. Brinker Cap reported 0.16% in Marathon Oil Corporation (NYSE:MRO).

A number of research analysts have recently weighed in on the stock. Credit Suisse Group reiterated a "buy" rating and issued a $64.00 price target on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. The current consensus recommendation provided by covering analysts is 2.50. Cowen and Company boosted their price target on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, July 27th. (The) initiated coverage on shares of Marathon Oil Corporation in a research report on Wednesday, June 28th. As per Tuesday, March 15, the company rating was maintained by CI Capital. At the time of writing, the First Call consensus price target for the company is $16.04. Also, insider Thomas M. Kelley sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 14th. The total value of its holdings decreased 16.9%. The information was declared in a transaction filed with the securities and exchange commission, which is available through this link.

Since February 21, 2017, it had 0 insider purchases, and 5 selling transactions for $4.13 million activity. Shares are clocking price at $12.20 with change of -1.37%. Following the transaction, the vice president now directly owns 61,757 shares of the company's stock, valued at $3,288,560.25. The disclosure for this sale can be found here. Share performance for the month is now at 5.26%.

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: North America E&P, global E&P and Oil Sands Mining.

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