Are Institutional Investors Buying up Marathon Oil?



Marathon Oil’s 13F filers’ statistics

In 3Q16, 295 funds were buyers of Marathon Oil’s (MRO) stock, and 248 funds were sellers. This means that in 3Q16, the total buying funds outnumbered the total selling funds by 47.

On September 30, 2016, 598 13F filers held MRO in their portfolio, of which only seven filers had MRO in their top ten holdings. Form 13F refers to a SEC (Securities and Exchange Commission) mandate that needs to be submitted by all institutional investors who manage more than $100 million in assets.

When viewed from an aggregate shares point of view, for 3Q16, 13F filers increased their aggregate MRO position by ~1%, or from ~686.07 million shares to ~694.28 million shares.

In notable additions, Boston Partners increased its MRO holdings by 417%. In 3Q16, Boston Partners bought ~30.4 million shares of MRO to bring its total MRO position to ~37.7 million shares. MRO makes up 0.83% of Boston Partners’ portfolio.

Bank of America increased its MRO holdings by ~161% to ~19.2 million shares from ~7.4 million shares. MRO makes up 0.07% of Bank of America’s portfolio.

On September 30, 2016, Marathon Oil had ~847 million common shares outstanding.

Article continues below advertisement

Other upstream players

In 3Q16, 13F filers reduced their aggregate shares positions in upstream companies like EOG Resources (EOG), Consol Energy (CNX), ConocoPhillips (COP), and Southwestern Energy (SWN).

Notably, the ETF ISE-Revere Nat Gas Index Fund (FCG) invests in natural gas producers, whereas the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.


More From Market Realist