Institutional Investors' Confidence in Marathon Oil Revealed

2024-03-12

Marathon Oil (MRO) garnered significant attention from hedge funds and ETFs during the quarter ending on December 31, 2023. At that time, 798 hedge funds collectively held 458,392,151 MRO shares, while 70 ETFs possessed 64,433,068 MRO shares.

Among the top institutional holders of MRO shares were Vanguard Group Inc, BlackRock Inc., State Street Corp, Invesco Ltd., and Hotchkis & Wiley Capital Management LLC. Their substantial holdings reflected a high level of confidence in the company.

Throughout the last quarter, 297 hedge funds were actively buying MRO shares, while 320 were selling. As a result, hedge funds collectively purchased a net total of 35,266,980 MRO shares. Notably, 48 hedge funds doubled their positions on MRO, whereas 10 hedge funds divested at least 90% of their MRO shares.

The data also shed light on the most pessimistic and optimistic institutional investors regarding MRO. Institutions such as Point72 Asset Management, L.P., Vanguard Group Inc, Wellington Management Group LLP, FMR LLC, and State Street Corp were among the most pessimistic. Conversely, Hotchkis & Wiley Capital Management LLC, Invesco Ltd., Bank of New York Mellon Corp, Qube Research & Technologies Ltd, and Two Sigma Investments, LP emerged as the most optimistic institutions.

This insightful information was sourced from sharkstracker.com, a platform dedicated to offering a data-driven perspective on the market. For a more comprehensive analysis, the full version of the article can be accessed at https://www.sharkstracker.com/reports/ReportDetail12:MRO/?rrr=3.