As Marathon Oil (MRO) Market Valuation Rose, Shareholder Thompson Davis & Co Has Upped Its Holding; Conocophillips (COP) Shareholder Scotia Capital Cut Its Stake by $2.95 Million as Stock Rose

June 22, 2018 - By Clifton Ray

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Scotia Capital Inc decreased its stake in Conocophillips (COP) by 35.96% based on its latest 2018Q1 regulatory filing with the SEC. Scotia Capital Inc sold 50,040 shares as the company’s stock rose 15.69% while stock markets declined. The institutional investor held 89,113 shares of the integrated oil company at the end of 2018Q1, valued at $5.28 million, down from 139,153 at the end of the previous reported quarter. Scotia Capital Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $76.18 billion market cap company. The stock decreased 3.50% or $2.36 during the last trading session, reaching $65.11. About 7.44M shares traded. ConocoPhillips (NYSE:COP) has risen 45.33% since June 22, 2017 and is uptrending. It has outperformed by 32.76% the S&P500. Some Historical COP News: 14/03/2018 – ConocoPhillips Announces Cash Tender Offer For up to $400 Million of Debt Securities; 11/05/2018 – PDVSA CHANGING ALL ITS OIL EXPORTS TO FREE-ON-BOARD (FOB) TRADE DENOMINATION TO AVOID POTENTIAL SEIZURES; 15/05/2018 – CONOCOPHILLIPS COP.N CEO SAYS HAS FILED AGAINST PDVSA PDVSA.UL IN COURTS IN HONG KONG, LONDON AND ELSEWHERE; 26/04/2018 – ConocoPhillips Tops Profit Estimates — MarketWatch; 23/05/2018 – Aruba court lifts Conoco seizures affecting Citgo cargoes; 31/05/2018 – Correct: Shell: Ursa Hub Co-Owned by BP (23%), Exxon Mobil (16%), ConocoPhillips (16%); 25/04/2018 – CONOCOPHILLIPS ANNOUNCES RULING FROM INTL ARBITRATION TRIBUNAL; 18/05/2018 – BP Is Said in Talks to Take Conoco’s U.K. Field in Swap Deal; 06/03/2018 – At U.N., East Timor and Australia sign deal on maritime border; 29/03/2018 – Business Journals: Exclusive: Oxy ‘evaluating’ plan to buy former ConocoPhillips campus

Thompson Davis & Co increased its stake in Marathon Oil Corp (MRO) by 1468.01% based on its latest 2018Q1 regulatory filing with the SEC. Thompson Davis & Co bought 20,376 shares as the company’s stock rose 35.01% while stock markets declined. The institutional investor held 21,764 shares of the oil & gas production company at the end of 2018Q1, valued at $351,000, up from 1,388 at the end of the previous reported quarter. Thompson Davis & Co who had been investing in Marathon Oil Corp for a number of months, seems to be bullish on the $17.00B market cap company. The stock decreased 5.41% or $1.14 during the last trading session, reaching $19.92. About 14.46M shares traded or 12.37% up from the average. Marathon Oil Corporation (NYSE:MRO) has risen 53.41% since June 22, 2017 and is uptrending. It has outperformed by 40.84% the S&P500. Some Historical MRO News: 23/05/2018 – LIBYAN PROTESTORS SAY ASKED STAFF AT EASTERN WAHA OILFIELD TO SHUT DOWN OUTPUT, UNCLEAR WHETHER PRODUCTION STOPPED; 30/04/2018 – S&PGR Revises Marathon Oil Outlook To Pos; Ratings Affirmed; 03/05/2018 – MARATHON OIL CEO TILLMAN SPEAKS ON CONFERENCE CALL; 30/04/2018 – MARATHON OIL CORP FAMILY RATING AFFIRMED AT Ba1 BY MOODY’S; 06/03/2018 Gaurdie Banister Joins Russell Reynolds Associates’ Board Of Directors; 30/04/2018 – Marathon to Become Biggest U.S. Refiner After Buying Andeavor (Video); 03/05/2018 – Marathon CEO Doesn’t Expect Regulatory Issues With Andeavor Deal (Video); 02/05/2018 – Marathon Oil 1Q EPS 42c; 21/05/2018 – MARATHON OIL CORP MRO.N : UBS RAISES TARGET PRICE TO $23 FROM $16; 25/04/2018 – Total says Libya’s NOC knew of plans to buy Marathon’s business

More news for ConocoPhillips (NYSE:COP) were recently published by: Bizjournals.com, which released: “Study: These Houston companies rank among America’s most valuable brands” on June 21, 2018. Fool.com‘s article titled: “ConocoPhillips and Chevron Stock Win Analysts’ Favor: What You Need to Know” and published on June 11, 2018 is yet another important article.

Investors sentiment decreased to 0.67 in 2018 Q1. Its down 0.05, from 0.72 in 2017Q4. It is negative, as 51 investors sold COP shares while 555 reduced holdings. 101 funds opened positions while 302 raised stakes. 805.59 million shares or 0.00% less from 805.62 million shares in 2017Q4 were reported. Mason Street Lc has 163,616 shares for 0.23% of their portfolio. 18,488 were reported by Kessler Investment Grp Limited. Pzena Mgmt Ltd Company holds 0.44% in ConocoPhillips (NYSE:COP) or 1.47 million shares. Nelson Van Denburg And Campbell Wealth Mgmt Gp Limited Liability Com stated it has 0.06% in ConocoPhillips (NYSE:COP). Fifth Third Commercial Bank stated it has 385,097 shares. Sequoia Limited Co holds 7,319 shares or 0.05% of its portfolio. Flippin Bruce And Porter Inc has invested 2.49% in ConocoPhillips (NYSE:COP). South State has invested 0.57% in ConocoPhillips (NYSE:COP). Fincl Pro Inc reported 2,311 shares stake. Smith Moore And Company invested 0.19% of its portfolio in ConocoPhillips (NYSE:COP). Oregon Employees Retirement Fund stated it has 0.12% of its portfolio in ConocoPhillips (NYSE:COP). Bancorporation Hapoalim Bm holds 0.06% of its portfolio in ConocoPhillips (NYSE:COP) for 4,015 shares. Two Sigma Ltd Limited Liability Company stated it has 6,776 shares. 610 were accumulated by Lifeplan Financial Group Inc Inc. Credit Agricole S A has invested 0.08% in ConocoPhillips (NYSE:COP).

Scotia Capital Inc, which manages about $7.25B US Long portfolio, upped its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 6,337 shares to 59,149 shares, valued at $4.76M in 2018Q1, according to the filing. It also increased its holding in Hershey Co (NYSE:HSY) by 18,246 shares in the quarter, for a total of 40,046 shares, and has risen its stake in Proshares Tr (NOBL).

Since March 29, 2018, it had 0 buys, and 8 selling transactions for $20.96 million activity. 3,716 ConocoPhillips (NYSE:COP) shares with value of $243,586 were sold by Freeman Jody. LUNDQUIST ANDREW D also sold $1.47 million worth of ConocoPhillips (NYSE:COP) on Thursday, March 29. $439,862 worth of ConocoPhillips (NYSE:COP) shares were sold by Schwarz Glenda Mae.

Among 28 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 10 Hold. Therefore 61% are positive. ConocoPhillips had 104 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 5. The company was downgraded on Tuesday, November 15 by CLSA. Societe Generale downgraded the shares of COP in report on Thursday, February 4 to “Hold” rating. The firm has “Hold” rating by Edward Jones given on Thursday, April 19. The rating was downgraded by Howard Weil to “Sector Perform” on Friday, February 5. RBC Capital Markets maintained ConocoPhillips (NYSE:COP) rating on Thursday, February 1. RBC Capital Markets has “Buy” rating and $63.0 target. Cowen & Co maintained the stock with “Buy” rating in Wednesday, September 27 report. The firm has “Buy” rating by Citigroup given on Friday, April 29. The firm has “Neutral” rating given on Wednesday, April 19 by Guggenheim. The firm has “Neutral” rating given on Thursday, June 22 by Goldman Sachs.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on July, 26. They expect $0.92 EPS, up 557.14% or $0.78 from last year’s $0.14 per share. COP’s profit will be $1.08B for 17.69 P/E if the $0.92 EPS becomes a reality. After $0.96 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Since May 7, 2018, it had 0 insider buys, and 3 insider sales for $10.21 million activity. On Monday, May 7 the insider Little Thomas Mitchell sold $423,357. TILLMAN LEE M sold 400,000 shares worth $8.66 million.

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. Gurufocus.com‘s article titled: “US Stocks Lower on Thursday” and published on June 21, 2018 is yet another important article.

Among 33 analysts covering Marathon Oil Corporation (NYSE:MRO), 18 have Buy rating, 0 Sell and 15 Hold. Therefore 55% are positive. Marathon Oil Corporation had 117 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 17 by Susquehanna. The firm has “Neutral” rating by Credit Suisse given on Monday, September 12. The firm has “Sector Perform” rating given on Friday, July 8 by RBC Capital Markets. The rating was initiated by Susquehanna with “Neutral” on Friday, November 18. On Monday, August 24 the stock rating was downgraded by Bank of America to “Buy”. The firm earned “Neutral” rating on Thursday, May 11 by Bank of America. The rating was downgraded by Howard Weil on Monday, December 14 to “Sector Perform”. The stock of Marathon Oil Corporation (NYSE:MRO) has “Hold” rating given on Friday, January 19 by Jefferies. The stock has “Hold” rating by BMO Capital Markets on Monday, November 6. The stock has “Buy” rating by Susquehanna on Sunday, February 25.

Investors sentiment increased to 0.96 in Q1 2018. Its up 0.08, from 0.88 in 2017Q4. It improved, 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. Hanseatic Inc reported 35,027 shares stake. 219,535 were accumulated by Texas Permanent School Fund. Mackay Shields Llc owns 487,631 shares. Ccm Inv Advisers Ltd Liability holds 1.08% or 343,062 shares in its portfolio. Qs Investors Limited Liability Company stated it has 0.03% in Marathon Oil Corporation (NYSE:MRO). Wheatland Advisors has 0.63% invested in Marathon Oil Corporation (NYSE:MRO) for 47,640 shares. D E Shaw And Com owns 2.96M shares for 0.07% of their portfolio. Panagora Asset Mngmt holds 3.51 million shares. Johnson holds 121 shares or 0% of its portfolio. Monetary Management Gp reported 0.02% stake. Hexavest invested in 0% or 15,116 shares. 3,193 are held by Mercer Capital Advisers Inc. State Treasurer State Of Michigan holds 0.03% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 250,140 shares. X Mgmt Limited Liability, New York-based fund reported 15,871 shares. Virtu Fincl Limited Liability Corporation reported 36,063 shares stake.

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