Mercer Global Advisors Inc. ADV Purchases Shares of 56,295 Marathon Oil Co. (MRO)

Mercer Global Advisors Inc. ADV purchased a new position in Marathon Oil Co. (NYSE:MRO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 56,295 shares of the oil and gas producer’s stock, valued at approximately $807,000.

A number of other large investors have also recently added to or reduced their stakes in MRO. LPL Financial LLC increased its stake in Marathon Oil by 17.2% in the 3rd quarter. LPL Financial LLC now owns 126,969 shares of the oil and gas producer’s stock worth $2,956,000 after acquiring an additional 18,650 shares during the last quarter. Pacer Advisors Inc. increased its stake in Marathon Oil by 43.0% in the 3rd quarter. Pacer Advisors Inc. now owns 55,985 shares of the oil and gas producer’s stock worth $1,303,000 after acquiring an additional 16,824 shares during the last quarter. Vident Investment Advisory LLC increased its stake in Marathon Oil by 85.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 66,428 shares of the oil and gas producer’s stock worth $1,547,000 after acquiring an additional 30,516 shares during the last quarter. Man Group plc increased its stake in Marathon Oil by 75.1% in the 3rd quarter. Man Group plc now owns 401,676 shares of the oil and gas producer’s stock worth $9,351,000 after acquiring an additional 172,288 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Marathon Oil by 242.1% in the 3rd quarter. Mackenzie Financial Corp now owns 38,434 shares of the oil and gas producer’s stock worth $895,000 after acquiring an additional 27,198 shares during the last quarter. 81.63% of the stock is currently owned by institutional investors and hedge funds.

MRO opened at $17.47 on Wednesday. Marathon Oil Co. has a 52-week low of $12.57 and a 52-week high of $24.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.59 and a quick ratio of 1.54. The firm has a market cap of $14.25 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 3.35 and a beta of 2.25.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business earned $0.07 EPS. Marathon Oil’s revenue was up 27.7% compared to the same quarter last year. As a group, research analysts forecast that Marathon Oil Co. will post 0.49 earnings per share for the current fiscal year.

MRO has been the topic of several analyst reports. Citigroup raised Marathon Oil from a “neutral” rating to a “buy” rating in a research report on Friday, December 21st. Raymond James reissued a “buy” rating and set a $24.00 target price on shares of Marathon Oil in a research report on Monday, December 24th. Capital One Financial downgraded Marathon Oil from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 9th. Barclays set a $23.00 target price on Marathon Oil and gave the company a “buy” rating in a research report on Wednesday, January 16th. Finally, Morgan Stanley set a $20.00 target price on Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, January 29th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price 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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