Time Warner (TWX) Stock Value Rose While Fir Tree Has Cut Its Position by $8.19 Million; Deroy & Devereaux Private Investment Counsel Increases Position in Marathon Oil (MRO)

May 20, 2018 - By David Stenberg

Time Warner Inc. (NYSE:TWX) Logo

Jeffrey Tannenbaum decreased its stake in Time Warner Inc (TWX) by 3.36% based on its latest 2017Q4 regulatory filing with the SEC. Fir Tree Inc sold 90,000 shares as the company’s stock rose 1.97% while stock markets declined. The hedge fund run by Jeffrey Tannenbaum held 2.59 million shares of the television services company at the end of 2017Q4, valued at $236.56M, down from 2.68 million at the end of the previous reported quarter. Fir Tree Inc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $73.89B market cap company. The stock increased 1.69% or $1.57 during the last trading session, reaching $94.45. About 8.72 million shares traded or 67.82% up from the average. Time Warner Inc. (NYSE:TWX) has declined 3.25% since May 20, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Deroy & Devereaux Private Investment Counsel Inc increased its stake in Marathon Oil Corp (MRO) by 404.08% based on its latest 2017Q4 regulatory filing with the SEC. Deroy & Devereaux Private Investment Counsel Inc bought 138,600 shares as the company’s stock declined 6.39% with the market. The institutional investor held 172,900 shares of the oil & gas production company at the end of 2017Q4, valued at $2.93 million, up from 34,300 at the end of the previous reported quarter. Deroy & Devereaux Private Investment Counsel Inc who had been investing in Marathon Oil Corp for a number of months, seems to be bullish on the $18.27B market cap company. The stock decreased 1.11% or $0.24 during the last trading session, reaching $21.41. About 7.90 million shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 7.25% since May 20, 2017 and is uptrending. It has underperformed by 4.30% the S&P500.

Since December 14, 2017, it had 0 insider buys, and 3 sales for $2.88 million activity. The insider BARR WILLIAM P sold $390,647. $2.11M worth of Time Warner Inc. (NYSE:TWX) was sold by OLAFSSON OLAF.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.15, from 0.76 in 2017Q3. It is positive, as 64 investors sold TWX shares while 363 reduced holdings. 122 funds opened positions while 265 raised stakes. 598.25 million shares or 1.97% more from 586.69 million shares in 2017Q3 were reported. Voloridge Management Limited Liability accumulated 0.05% or 24,203 shares. Compton Capital Management Ri holds 11,629 shares or 0.45% of its portfolio. The Switzerland-based Jabre Capital Sa has invested 1.7% in Time Warner Inc. (NYSE:TWX). Sentinel Trust Lba owns 9,543 shares for 0.18% of their portfolio. Ally holds 11,000 shares or 0.19% of its portfolio. Tarbox Family Office reported 342 shares. Capital Fund has 0.02% invested in Time Warner Inc. (NYSE:TWX). Wms Ltd has 0.02% invested in Time Warner Inc. (NYSE:TWX) for 2,195 shares. Moab Cap Ptnrs Ltd Llc owns 232,303 shares or 5.35% of their US portfolio. Consolidated Inv Gru Limited Liability Corporation reported 46,195 shares. Crawford Invest Counsel Inc owns 34,603 shares. Fragasso invested in 15,467 shares or 0.34% of the stock. Teacher Retirement Sys Of Texas, Texas-based fund reported 212,664 shares. Deroy & Devereaux Private Inv Counsel Inc holds 129,825 shares. Sector Pension Inv Board has 1.96% invested in Time Warner Inc. (NYSE:TWX).

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Benzinga.com which released: “Jefferies: The Fate Of Fox Depends On The AT&T-Time Warner Merger Trial” on May 08, 2018, also Seekingalpha.com with their article: “Corvex adds ServiceNow, exits Comcast in Q1” published on May 15, 2018, Seekingalpha.com published: “AT&T opposes divestitures in TWX deal” on May 04, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: 247Wallst.com and their article: “6 Most Important Things in Business Today” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T conference update: Network speed investment, streaming video upgrades” with publication date: May 15, 2018.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 EPS, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24B for 14.94 P/E if the $1.58 EPS becomes a reality. After $2.28 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 18 have Buy rating, 0 Sell and 23 Hold. Therefore 44% are positive. Time Warner Inc. had 126 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Drexel Hamilton to “Hold” on Thursday, February 9. The stock has “” rating by Moffett Nathanson on Friday, August 7. Morgan Stanley maintained the shares of TWX in report on Tuesday, April 26 with “Equal-Weight” rating. The stock of Time Warner Inc. (NYSE:TWX) earned “Outperform” rating by Credit Agricole on Thursday, November 5. The rating was maintained by S&P Research on Thursday, August 6 with “Buy”. The firm has “Market Perform” rating by FBR Capital given on Tuesday, July 26. The rating was downgraded by Bernstein on Thursday, August 20 to “Market Perform”. On Friday, February 5 the stock rating was initiated by Telsey Advisory Group with “Outperform”. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Topeka Capital Markets on Thursday, October 8. The stock of Time Warner Inc. (NYSE:TWX) earned “Equal-Weight” rating by Barclays Capital on Friday, August 14.

Fir Tree Inc, which manages about $18.45 billion and $3.71 billion US Long portfolio, upped its stake in Sandridge Energy Inc by 560,000 shares to 2.50 million shares, valued at $52.60M in 2017Q4, according to the filing. It also increased its holding in Jones Energy Inc (NYSE:JONE) by 1.16M shares in the quarter, for a total of 6.14 million shares, and has risen its stake in Mgm Resorts International (NYSE:MGM).

Deroy & Devereaux Private Investment Counsel Inc, which manages about $945.37M and $948.05 million US Long portfolio, decreased its stake in Hollyfrontier Corp (NYSE:HFC) by 15,188 shares to 49,112 shares, valued at $2.52M in 2017Q4, according to the filing. It also reduced its holding in Merck & Co Inc (NYSE:MRK) by 242,999 shares in the quarter, leaving it with 7,193 shares, and cut its stake in Rio Tinto Plc Sponsored Adr (NYSE:RIO).

Among 33 analysts covering Marathon Oil Corporation (NYSE:MRO), 17 have Buy rating, 0 Sell and 16 Hold. Therefore 52% are positive. Marathon Oil Corporation had 116 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan upgraded Marathon Oil Corporation (NYSE:MRO) on Monday, March 26 to “Overweight” rating. The stock of Marathon Oil Corporation (NYSE:MRO) has “Hold” rating given on Thursday, July 6 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, July 13 by Stifel Nicolaus. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Wednesday, June 21. The rating was upgraded by Citigroup to “Buy” on Wednesday, July 5. The firm has “Hold” rating by BMO Capital Markets given on Monday, November 6. The rating was maintained by Jefferies with “Hold” on Tuesday, August 29. The firm has “Hold” rating by Argus Research given on Wednesday, December 14. The rating was maintained by Deutsche Bank on Tuesday, March 29 with “Buy”. The rating was initiated by KLR Group with “Buy” on Tuesday, June 7.

More important recent Marathon Oil Corporation (NYSE:MRO) news were published by: Seekingalpha.com which released: “Marathon Oil’s Growing Crude Volumes” on May 09, 2018, also Globenewswire.com published article titled: “Marathon Oil Reports First Quarter 2018 Results”, Globenewswire.com published: “Marathon Oil Corporation Declares First Quarter 2018 Dividend” on April 26, 2018. More interesting news about Marathon Oil Corporation (NYSE:MRO) was released by: Seekingalpha.com and their article: “Top Performing Energy Sector Stocks Since March Low” with publication date: May 18, 2018.

Marathon Oil Corporation (NYSE:MRO) Institutional Positions Chart

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