Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Marathon Oil Co. (NYSE:MRO) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 209,804 shares of the oil and gas producer’s stock after acquiring an additional 21,317 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Marathon Oil were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in Marathon Oil by 14.7% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 7,800 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 1,000 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in Marathon Oil by 5.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 22,491 shares of the oil and gas producer’s stock valued at $305,000 after purchasing an additional 1,194 shares during the last quarter. Level Four Advisory Services LLC lifted its position in Marathon Oil by 9.5% in the fourth quarter. Level Four Advisory Services LLC now owns 15,998 shares of the oil and gas producer’s stock valued at $219,000 after purchasing an additional 1,384 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Marathon Oil by 5.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,947 shares of the oil and gas producer’s stock valued at $407,000 after purchasing an additional 1,548 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Marathon Oil by 21.7% during the fourth quarter. Assetmark Inc. now owns 8,894 shares of the oil and gas producer’s stock valued at $121,000 after acquiring an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

In other Marathon Oil news, CEO Lee M. Tillman purchased 27,500 shares of the stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $4.00 per share, with a total value of $110,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,080,630 shares in the company, valued at approximately $4,322,520. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patrick Wagner purchased 15,000 shares of the stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average cost of $3.31 per share, for a total transaction of $49,650.00. Following the completion of the acquisition, the insider now owns 223,314 shares of the company’s stock, valued at $739,169.34. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 99,100 shares of company stock worth $362,278. Corporate insiders own 0.50% of the company’s stock.

NYSE MRO opened at $5.89 on Friday. Marathon Oil Co. has a 12 month low of $3.02 and a 12 month high of $15.15. The stock has a market cap of $4.69 billion, a P/E ratio of 21.21 and a beta of 3.45. The stock’s fifty day moving average price is $4.88 and its 200-day moving average price is $9.22. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). Marathon Oil had a return on equity of 1.90% and a net margin of 4.98%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, analysts forecast that Marathon Oil Co. will post -1.5 earnings per share for the current fiscal year.

A number of equities analysts recently commented on MRO shares. Mizuho upped their target price on Marathon Oil from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America restated a “sell” rating on shares of Marathon Oil in a report on Thursday, April 23rd. JPMorgan Chase & Co. downgraded Marathon Oil from an “overweight” rating to a “neutral” rating in a report on Wednesday, March 25th. Royal Bank of Canada restated a “hold” rating on shares of Marathon Oil in a report on Sunday, May 10th. Finally, Morgan Stanley downgraded Marathon Oil from an “equal weight” rating to an “underweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Hold” and a consensus price target of $11.05.

Marathon Oil 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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