Short Interest in Marathon Oil Co. (MRO) Drops By 12.7%

The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. A total of 3.08 Million shares exchanged at hands and its Average Volume is 3.84 Million. Murphy Oil Corporation (NYSE:MUR) has declined 8.71% since January 5, 2017 and is downtrending. It has underperformed by 2.65% the S&P500. Reaves W H & Company Inc who had been investing in Marathon Petroleum Corp for a number of months, seems to be less bullish one the $33.87 billion market cap company. It has a 25.3 P/E ratio. The hedge fund run by Brian J. Higgins held 6.93M shares of the consumer services company at the end of 2017Q3, valued at $168.20M, up from 4.93 million at the end of the previous reported quarter. It has outperformed by 29.50% the S&P500.

Ratings analysis reveals 0 of E*TRADE's analysts are positive. The stock has a market capitalization of $5,700.00, a price-to-earnings ratio of -63.56 and a beta of 2.29.

The stock now shows its YTD (Year to Date) performance of 3.99 percent, whereas its Weekly performance stands at 2.65%. ETFC was included in 4 notes of analysts from September 26, 2016. On Thursday, December 21 the stock rating was maintained by Scotia Capital with "Hold". The firm earned "Buy" rating on Tuesday, August 23 by Jefferies. ValuEngine upgraded Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 31st. Nordea Management Ab accumulated 6,721 shares or 0% of the stock. Southpoint Capital Advisors Lp owns 3.75 million shares or 6.71% of their U.S. portfolio.

Parsec Financial Management Inc decreased Verizon Communications (NYSE:VZ) stake by 9,889 shares to 119,661 valued at $5.92 million in 2017Q3. Westfield Management Ltd Partnership has 0.98% invested in ServiceNow, Inc.

Etrade Capital Mngmt Ltd Llc reported 185,088 shares or 0.09% of all its holdings.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on February, 7. They expect $0.67 earnings per share, up 419.05% or $0.88 from last year's $-0.21 per share.

Luminus Management Llc increased Echo Global Logistics Inc (NASDAQ:ECHO) stake by 330,902 shares to 1.63 million valued at $30.65M in 2017Q3. The company's quarterly revenue was up 17.6% compared to the same quarter last year. sell-side analysts forecast that Marathon Petroleum Corp will post 3.85 earnings per share for the current fiscal year. They are also projecting the Low EPS estimate of $-0.01 and the High EPS estimate of $1.11. Bank of America raised shares of Marathon Oil from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Thursday. Among active positions in the latest quarter, 243 holders increased their positions by a total of 63.44 million shares, 279 holders decreased the positions by a total of 66.63 million shares, and 105 holders held their positions. 170.65 million shares or 1.96% more from 167.38 million shares in 2017Q2 were reported.

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. Oregon Pub Employees Retirement Fund reported 0.13% stake. The Luminus Management Llc holds 95,000 shares with $5.33 million value, down from 120,000 last quarter. Campbell & Com Inv Adviser Ltd Liability Corporation reported 15,824 shares. 586,287 are owned by Davidson Invest Advsr.

Shares of Marathon Oil (MRO) opened at $17.89 on Friday. The California-based Menta Cap Lc has invested 0.15% in Murphy Oil Corporation (NYSE:MUR). Advisors Asset Management Inc. grew its stake in Marathon Petroleum by 3.0% in the 2nd quarter. Wright Inc has 8,337 shares. City Trust Fl has 4,720 shares for 0.1% of their portfolio. 26,279 were accumulated by Commonwealth Of Pennsylvania Public School Empls Retrmt Sys. 3G Capital Partners Lp sold 100,000 shares as the company's stock rose 5.52% with the market. Following the completion of the transaction, the vice president now directly owns 32,205 shares in the company, valued at $2,005,083.30. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Therefore 0 are positive. The stock has "Outperform" rating by BMO Capital Markets on Wednesday, September 16. The stock of Murphy Oil Corporation (NYSE:MUR) earned "Underperform" rating by Credit Suisse on Wednesday, December 7. Piper Jaffray maintained the stock with "Overweight" rating in Friday, September 16 report. The rating was maintained by Piper Jaffray on Monday, August 22 with "Neutral". Seaport Global Securities now has a "Buy" rating on the stock. The firm earned "Top Pick" rating on Friday, April 29 by RBC Capital Markets. The stock has "Outperform" rating by Oppenheimer on Monday, August 10.

Reaves W H & Company Inc decreased its stake in Marathon Petroleum Corp (MPC) by 20.95% based on its latest 2017Q3 regulatory filing with the SEC. The company has market cap of $5.66 billion. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America. It now has negative earnings. The firm was formerly known as Strongbow Resources Inc. and changed its name to Fortem Resources March 2017.

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