Gulf International Bank UK Ltd Has $3.45 Million Stake in Marathon Oil Co. (MRO)

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Gulf International Bank UK Ltd raised its stake in Marathon Oil Co. (NYSE:MRO) by 1.0% in the first quarter, Holdings Channel reports. The fund owned 206,548 shares of the oil and gas producer’s stock after purchasing an additional 2,000 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Marathon Oil were worth $3,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Marathon Oil by 1.0% in the third quarter. Vanguard Group Inc. now owns 93,278,037 shares of the oil and gas producer’s stock valued at $2,171,512,000 after purchasing an additional 935,179 shares during the last quarter. Vanguard Group Inc increased its stake in Marathon Oil by 1.0% in the third quarter. Vanguard Group Inc now owns 93,278,037 shares of the oil and gas producer’s stock valued at $2,171,512,000 after purchasing an additional 935,179 shares during the last quarter. Macquarie Group Ltd. increased its stake in Marathon Oil by 17.8% in the fourth quarter. Macquarie Group Ltd. now owns 41,766,089 shares of the oil and gas producer’s stock valued at $598,926,000 after purchasing an additional 6,298,905 shares during the last quarter. Geode Capital Management LLC increased its stake in Marathon Oil by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 12,204,959 shares of the oil and gas producer’s stock valued at $174,746,000 after purchasing an additional 1,111,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Marathon Oil by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,926,029 shares of the oil and gas producer’s stock valued at $171,011,000 after purchasing an additional 1,328,679 shares during the last quarter. 81.63% of the stock is owned by institutional investors.

Shares of NYSE:MRO opened at $17.62 on Monday. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 5.41 and a beta of 2.25. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. Marathon Oil Co. has a 12 month low of $12.57 and a 12 month high of $24.20.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was up 27.7% on a year-over-year basis. Research analysts predict that Marathon Oil Co. will post 0.51 EPS for the current fiscal year.

Several research firms recently commented on MRO. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, April 16th. Royal Bank of Canada upgraded Marathon Oil from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $22.00 to $23.00 in a research note on Tuesday, April 16th. Barclays dropped their price target on Marathon Oil from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. TheStreet upgraded Marathon Oil from a “c+” rating to a “b-” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Marathon Oil in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Marathon Oil currently has an average rating of “Buy” and a consensus price target of $23.27.

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About Marathon Oil

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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