Potash Sask (POT) Valuation Declined While Duquesne Family Office Lowered Its Holding by $28.19 Million; Ionic Capital Management Boosted Its Stake in Marathon Oil (Put) (MRO) by $929,500 as Market Value Declined

January 15, 2018 - By Louis Casey

Bart Baum increased its stake in Marathon Oil Corp (Put) (MRO) by 91.08% based on its latest 2017Q3 regulatory filing with the SEC. Ionic Capital Management Llc bought 71,500 shares as the company’s stock declined 10.47% while stock markets rallied. The hedge fund run by Bart Baum held 150,000 shares of the oil & gas production company at the end of 2017Q3, valued at $2.03 million, up from 78,500 at the end of the previous reported quarter. Ionic Capital Management Llc who had been investing in Marathon Oil Corp (Put) for a number of months, seems to be bullish on the $15.99 billion market cap company. The stock increased 1.18% or $0.22 during the last trading session, reaching $18.82. About 10.31M shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 14.05% since January 15, 2017 and is uptrending. It has underperformed by 2.65% the S&P500.

Stanley Druckenmiller decreased its stake in Potash Corp Sask Inc (POT) by 70.87% based on its latest 2017Q3 regulatory filing with the SEC. Duquesne Family Office Llc sold 1.48 million shares as the company’s stock declined 11.27% while stock markets rallied. The hedge fund run by Stanley Druckenmiller held 609,900 shares of the agricultural chemicals company at the end of 2017Q3, valued at $11.73M, down from 2.09M at the end of the previous reported quarter. Duquesne Family Office Llc who had been investing in Potash Corp Sask Inc for a number of months, seems to be less bullish one the $17.58 billion market cap company. The stock increased 0.54% or $0.11 during the last trading session, reaching $20.65. About 10.33M shares traded or 204.25% up from the average. Nutrien Ltd. (NYSE:POT) has risen 0.06% since January 15, 2017 and is uptrending. It has underperformed by 16.64% the S&P500.

Among 24 analysts covering Potash Corp (NYSE:POT), 12 have Buy rating, 5 Sell and 7 Hold. Therefore 50% are positive. Potash Corp had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, June 20 by RBC Capital Markets. The company was maintained on Thursday, July 6 by BMO Capital Markets. UBS maintained the stock with “Buy” rating in Wednesday, March 16 report. JP Morgan maintained Nutrien Ltd. (NYSE:POT) on Monday, November 2 with “Overweight” rating. The rating was downgraded by Scotia Capital to “Sector Perform” on Tuesday, September 13. Barclays Capital maintained Nutrien Ltd. (NYSE:POT) rating on Monday, October 5. Barclays Capital has “Equal-Weight” rating and $25 target. As per Wednesday, September 13, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Cowen & Co with “Market Perform” on Monday, December 21. The firm earned “Sector Outperform” rating on Monday, July 10 by Scotia Capital. The company was upgraded on Wednesday, September 14 by Stifel Nicolaus.

Duquesne Family Office Llc, which manages about $2.20 billion US Long portfolio, upped its stake in Jd Com Inc (NASDAQ:JD) by 826,300 shares to 2.19M shares, valued at $83.47M in 2017Q3, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 25,800 shares in the quarter, for a total of 145,803 shares, and has risen its stake in Workday Inc (NYSE:WDAY).

Analysts await Nutrien Ltd. (NYSE:POT) to report earnings on January, 25. They expect $0.07 EPS, 0.00% or $0.00 from last year’s $0.07 per share. POT’s profit will be $59.60 million for 73.75 P/E if the $0.07 EPS becomes a reality. After $0.09 actual EPS reported by Nutrien Ltd. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Among 33 analysts covering Marathon Oil Corporation (NYSE:MRO), 15 have Buy rating, 0 Sell and 18 Hold. Therefore 45% are positive. Marathon Oil Corporation had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Thursday, August 24. On Wednesday, August 2 the stock rating was maintained by BMO Capital Markets with “Hold”. Capital One upgraded the shares of MRO in report on Tuesday, June 21 to “Overweight” rating. BMO Capital Markets maintained it with “Hold” rating and $1800 target in Wednesday, June 21 report. Jefferies maintained it with “Hold” rating and $1600 target in Friday, June 23 report. Jefferies maintained the shares of MRO in report on Thursday, July 13 with “Hold” rating. KLR Group maintained Marathon Oil Corporation (NYSE:MRO) on Friday, March 24 with “Buy” rating. UBS downgraded the shares of MRO in report on Tuesday, December 13 to “Neutral” rating. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, October 10. The stock of Marathon Oil Corporation (NYSE:MRO) has “Neutral” rating given on Friday, November 10 by Citigroup.

Ionic Capital Management Llc, which manages about $4.83B and $2.49 billion US Long portfolio, decreased its stake in Party City Holdco Inc by 52,000 shares to 265,982 shares, valued at $3.60M in 2017Q3, according to the filing. It also reduced its holding in Banco Bradesco S A (Put) (NYSE:BBD) by 150,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.01, from 0.93 in 2017Q2. It fall, as 38 investors sold MRO shares while 190 reduced holdings. 63 funds opened positions while 146 raised stakes. 665.82 million shares or 1.16% less from 673.63 million shares in 2017Q2 were reported. Moreover, Financial Engines Advisors Limited Liability Co has 0.01% invested in Marathon Oil Corporation (NYSE:MRO). Creative Planning has 69,667 shares. Goldman Sachs reported 0.03% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Moreover, State Of Wisconsin Inv Board has 0.03% invested in Marathon Oil Corporation (NYSE:MRO). Peoples Service Corp has 0.02% invested in Marathon Oil Corporation (NYSE:MRO) for 3,111 shares. Ngam Advsr Ltd Partnership invested in 256,833 shares. Wedge Capital Mgmt L Limited Partnership Nc holds 0.15% or 1.15M shares. Lombard Odier Asset Mgmt (Europe) Ltd holds 0.06% in Marathon Oil Corporation (NYSE:MRO) or 71,763 shares. Ent Svcs owns 0.01% invested in Marathon Oil Corporation (NYSE:MRO) for 1,432 shares. Mitsubishi Ufj Trust Corp accumulated 0.04% or 1.69 million shares. Gemmer Asset Limited Liability Company stated it has 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Van Eck Associates holds 0.01% in Marathon Oil Corporation (NYSE:MRO) or 136,163 shares. Oakworth, a Alabama-based fund reported 6,083 shares. Cornerstone Capital Limited Com invested in 0.02% or 177,577 shares. Advantus Capital Incorporated has invested 0.03% in Marathon Oil Corporation (NYSE:MRO).

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