Recent institutional activity
Boston Partners added a major position in Marathon Oil (MRO) during the second quarter. Boston Partners bought 16.7 million shares of Marathon Oil valued at $348.8 million. Two Sigma Investments added 6.3 million shares.
Senator Investment Group and Hotchkis and Wiley Capital Management were the biggest sellers. They sold 12.3 million and 8.7 million shares, respectively. Among the top five buyers and sellers, net 0.4 million positions were added, which indicates bullish sentiment in the stock.
Institutional investors are bullish on Marathon Oil
Institutional investors’ bullishness towards Marathon Oil could be attributed to the following factors:
- strong free cash flow generation
- exposure to multiple shale plays reduces the negative impact of price differentials, which results in a higher average realized sales price
- strong exploration and development spending plans
Top five holders
The Vanguard Group, State Street Global Advisors, BlackRock Institutional Trust Company, Macquarie Investment Management, and Hotchkis and Wiley Capital Management are among the top five institutional holders in Marathon Oil. The Vanguard Group was the largest institutional holder in Marathon Oil at the end of the second quarter. The Vanguard Group held 10.8% of Marathon Oil.
Next, we’ll discuss analysts’ recommendations for Marathon Oil.