Encompass Capital Advisors LLC Has Boosted Marathon Oil Corp (MRO) Position

June 13, 2018 - By Stephen Andrade

Marathon Oil Corporation (NYSE:MRO) LogoInvestors sentiment increased to 0.96 in 2018 Q1. Its up 0.08, from 0.88 in 2017Q4. It increased, as 29 investors sold MRO shares while 194 reduced holdings. 66 funds opened positions while 147 raised stakes. 647.65 million shares or 2.49% less from 664.17 million shares in 2017Q4 were reported. Teacher Retirement Of Texas holds 0.15% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 1.35 million shares. Deprince Race & Zollo has 116,800 shares. Employees Retirement System Of Texas stated it has 36,000 shares or 0.01% of all its holdings. 16,339 were reported by Advsrs Asset Mngmt. Mackenzie invested in 0% or 15,012 shares. Wolverine Asset Limited has 0% invested in Marathon Oil Corporation (NYSE:MRO) for 4,672 shares. Jacobs Levy Equity Mgmt Incorporated has invested 0.01% in Marathon Oil Corporation (NYSE:MRO). 419,730 are owned by Aperio Lc. Moreover, Zeke Cap Advsr Limited Liability Company has 0.04% invested in Marathon Oil Corporation (NYSE:MRO). Waddell Reed Fin accumulated 1.07 million shares. Farmers & Merchants Invests holds 0% or 1,277 shares. Captrust Financial Advisors reported 68,835 shares. Goldman Sachs accumulated 0.03% or 7.20 million shares. Quantitative Systematic Strategies Limited Liability Corporation has invested 0.05% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Freestone Capital Limited Co has invested 0.01% in Marathon Oil Corporation (NYSE:MRO).

Since May 7, 2018, it had 0 insider buys, and 3 selling transactions for $10.21 million activity. Little Thomas Mitchell sold $423,357 worth of stock. WAGNER PATRICK sold $1.13M worth of Marathon Oil Corporation (NYSE:MRO) on Wednesday, May 16.

Todd J. Kantor increased its stake in Marathon Oil Corp (MRO) by 15.94% based on its latest 2018Q1 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 254,400 shares as the company’s stock rose 35.01% while stock markets declined. The hedge fund run by Todd J. Kantor held 1.85 million shares of the oil & gas production company at the end of 2018Q1, valued at $29.84 million, up from 1.60M at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Marathon Oil Corp for a number of months, seems to be bullish on the $18.32B market cap company. The stock increased 0.51% or $0.11 during the last trading session, reaching $21.47. About 11.21 million shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 53.41% since June 13, 2017 and is uptrending. It has outperformed by 40.84% the S&P500.

Encompass Capital Advisors Llc, which manages about $1.18B and $820.02M US Long portfolio, decreased its stake in Propetro Hldg Corp by 449,535 shares to 809,317 shares, valued at $12.86M in 2018Q1, according to the filing. It also reduced its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 348,675 shares in the quarter, leaving it with 301,325 shares, and cut its stake in Archrock Inc.

More news for Marathon Oil Corporation (NYSE:MRO) were recently published by: Seekingalpha.com, which released: “Marathon Oil Is Bakken Into Oil Profits” on June 11, 2018. Bizjournals.com‘s article titled: “Marathon Oil investing in tech to boost efficiency in Eagle Ford Shale” and published on June 01, 2018 is yet another important article.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Among 15 analysts covering Marathon Oil (NYSE:MRO), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Marathon Oil had 23 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Marathon Oil Corporation (NYSE:MRO) has “Hold” rating given on Monday, April 23 by Stifel Nicolaus. The company was maintained on Thursday, April 19 by Susquehanna. The rating was upgraded by J.P. Morgan to “Buy” on Monday, March 26. Stifel Nicolaus maintained the shares of MRO in report on Monday, January 29 with “Hold” rating. The rating was maintained by Susquehanna with “Buy” on Sunday, February 25. The firm has “Hold” rating given on Wednesday, March 28 by Stifel Nicolaus. The firm has “Buy” rating by Piper Jaffray given on Tuesday, January 23. The rating was maintained by Susquehanna on Wednesday, January 17 with “Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, December 20. The stock has “Hold” rating by Stephens on Tuesday, February 6.

Marathon Oil Corporation (NYSE:MRO) Institutional Positions Chart

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