Company shares are trading at $14.22 which is marginally higher than the 50 day moving average which is $13.32 and which is quite a bit higher than the 200 day moving average of $12.85. The 50 day moving average went up by +6.75% whereas the 200 day average was up by +10.66%. 13,850K shares changed hands by the end of trading on Tuesday. Overall, volume was up 34.87% over the stocks normal daily volume.
Traders are feeling more bullish of late if you take into consideration the downtick in short interest. The firm experienced a fall in short interest of -4.70% as of October 13, 2017 from the last reporting period. Short shares decreased from 35,884,554 to 34,196,958 over that timeframe. With short interest at 34,196,958 and short average daily volume at 8,689,161, the short-interest ratio is 4.0 and the short interest percentage is 0.04% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Simplex Trading, LLC had sold a total of 28,847 shares trimming its stake by 82.1%. The value of the investment in (MRO) went from $416,000 to $85,000 decreasing 79.6% quarter to quarter. Tokio Marine Asset Management Co Ltd trimmed its ownership by shedding 2,026 shares a decrease of 16.2% as of 09/30/2017. Tokio Marine Asset Management Co Ltd now controls 10,491 shares worth $142,000. The total value of its holdings decreased 4.1%.
As of quarter end Ifc Holdings Incorporated/fl had acquired 3,846 shares growing its holdings by 28.3%. The value in dollars increased from $161,000 to $233,000 a change of $72,000 for the reporting period. As of the end of the quarter Andra Ap-fonden had acquired a total of 2,900 shares growing its position 2.1%. The value of the investment in MRO increased from $1,663,000 to $1,942,000 a change of 16.8% quarter over quarter.
July 21 investment analysts at Citigroup left the stock rating at “Neutral” and moved down the price target to $14.00 from $16.00. On August 4 Barclays made no change to the stock rating of “Equal-Weight” but lowered the price target from $17.00 to $11.00.
On October 11 Barclays maintained a stock rating of “Equal-Weight” but moved up the price target to $13.00 from $11.00.
The company is up since yesterday’s close of $14.22. The company recently declared a dividend that will be paid on Monday the 11th of December 2017. The dividend will be $0.050 per share for the quarter which comes to $0.20 on an annualized basis. This dividend amount will represent a yield of $1.45. The ex-dividend date is as of Monday August 14th, 2017.
As of the last earnings report the EPS was $-7.84 and is projected to be $-0.45 for the current year with 849,834,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.07 and the next full year EPS is projected to be $-0.23.
Marathon Oil Corporation, launched on May 30, 2001, is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America. The International E&P segment explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea (E.G.). The Oil Sands Mining segment mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil..