IFM Investors Pty Ltd boosted its position in Marathon Oil Co. (NYSE:MRO) by 6.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 54,270 shares of the oil and gas producer’s stock after purchasing an additional 3,526 shares during the period. IFM Investors Pty Ltd’s holdings in Marathon Oil were worth $907,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG grew its stake in shares of Marathon Oil by 36.1% during the 4th quarter. Deutsche Bank AG now owns 5,507,722 shares of the oil and gas producer’s stock valued at $78,976,000 after buying an additional 1,460,859 shares during the period. LPL Financial LLC grew its stake in shares of Marathon Oil by 17.2% during the 3rd quarter. LPL Financial LLC now owns 126,969 shares of the oil and gas producer’s stock valued at $2,956,000 after buying an additional 18,650 shares during the period. Nordea Investment Management AB grew its stake in shares of Marathon Oil by 10.2% during the 3rd quarter. Nordea Investment Management AB now owns 533,998 shares of the oil and gas producer’s stock valued at $12,431,000 after buying an additional 49,504 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Marathon Oil by 29.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,099,891 shares of the oil and gas producer’s stock valued at $15,772,000 after buying an additional 247,363 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in Marathon Oil by 49.9% during the 4th quarter. Meeder Asset Management Inc. now owns 125,797 shares of the oil and gas producer’s stock worth $1,803,000 after purchasing an additional 41,887 shares during the period. 81.63% of the stock is owned by hedge funds and other institutional investors.

Shares of MRO stock opened at $18.68 on Wednesday. Marathon Oil Co. has a 12 month low of $12.57 and a 12 month high of $24.20. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 5.41 and a beta of 2.25.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Marathon Oil had a net margin of 16.65% and a return on equity of 4.97%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $0.07 EPS. The firm’s revenue was up 27.7% compared to the same quarter last year. Sell-side analysts forecast that Marathon Oil Co. will post 0.51 EPS for the current fiscal year.

A number of analysts recently weighed in on MRO shares. TheStreet raised shares of Marathon Oil from a “c+” rating to a “b-” rating in a research report on Tuesday, March 26th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, April 16th. MKM Partners set a $22.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Argus decreased their price target on shares of Marathon Oil from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, February 25th. Finally, Barclays set a $23.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and a consensus price target of $23.27.

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Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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