Are Hedge Funds Betting Against Marathon Oil Corporation (MRO)?

Marathon Oil Corporation (NYSE:MRO) produced a 42.65% rally since recording the worst price of $10.55. Thanks to the latest 3.65% increase, it now trades at $15.05. Throughout the trading on 11/17/2017, the share price floated between $14.7 and $15.19. This company shares are 13.55% off its target price of $17.09 and the current market capitalization stands at $12.92B. The recent change has given its price a 9.44% lead over SMA 50 and -21.94% deficit over its 52-week high. The stock witnessed 9.53% gains, 39.74% gains and 4.22% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MRO’s volatility during a week at 2.69% and during a month it has been found around 2.86%.

Marathon Oil Corporation (MRO) Top Holders

Institutional investors currently hold around $10.06 billion or 81.2% in MRO stock. Look at its top three institutional owners. Blackrock Inc. owns $1.42 billion in Marathon Oil Corporation, which represents roughly 11.02% of the company’s market cap and approximately 14.16% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 87,366,373 shares of the stock are valued at $1.27 billion. The third largest holder is Macquarie Group Ltd, which currently holds $791.71 million worth of this stock and that ownership represents nearly 6.13% of its market capitalization.

Marathon Oil Corporation 13F Filings

At the end of 09/30/2017 reporting period, 249 institutional holders increased their position in Marathon Oil Corporation (NYSE:MRO) by some 64,088,096 shares, 279 decreased positions by 66,428,989 and 105 held positions by 562,062,243. That puts total institutional holdings at 692,579,328 shares, according to SEC filings. The stock grabbed 58 new institutional investments totaling 14,555,611 shares while 53 institutional investors sold out their entire positions totaling 9,454,446 shares.

Marathon Oil Corporation (NYSE:MRO) Insider Trades

Multiple company employees have indulged in significant insider trading. Marathon Oil Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that V.P.-Corporate Development Wagner Patrick has acquired 5,000 shares of Marathon Oil Corporation (MRO) in trading session dated Sep. 14, 2015. These shares are worth $77,000 and were traded at $15.4 each. The SEC filing shows that Tillman Lee M performed a purchase of 25,600 shares. The President and CEO added these shares by way of transaction on Aug. 07, 2015. The company’s shares were assimilated at $19.51 per share worth to an investment of some $499,456 on account of Tillman Lee M.

President and CEO, Tillman Lee M, purchased 28,791 common shares of Marathon Oil Corporation (MRO) in the open market. In a transaction dated Mar. 10, 2015, the shares were bought at an average price of $26, giving away a sum of $748,566. After this purchase, 258,477 common shares of MRO are directly owned by the insider, with total stake valued at $3,890,079.

In the transaction dated Mar. 07, 2014, the great number of shares disposed came courtesy the VP-Global Exploration; Bay Annell R disposed a total of 112,242 shares at an average price of $34.1, amounting to approximately $3,827,452. The insider now directly owns 60,654 shares worth $912,843.

Marathon Oil Corporation (MRO) Analyst Guide

Several analysts have released their opinion on Marathon Oil Corporation (NYSE:MRO), with 8 analysts believing it is a strong buy. Whereas 12 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.45 average brokerage recommendation.

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