Amalgamated Bank Has $5.32 Million Position in Marathon Oil Co. (NYSE:MRO)

Amalgamated Bank cut its position in shares of Marathon Oil Co. (NYSE:MRO) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,482 shares of the oil and gas producer’s stock after selling 19,137 shares during the quarter. Amalgamated Bank’s holdings in Marathon Oil were worth $5,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its stake in shares of Marathon Oil by 4.8% in the first quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock valued at $257,000 after purchasing an additional 415 shares in the last quarter. Wahed Invest LLC raised its stake in shares of Marathon Oil by 4.2% in the 4th quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 419 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Marathon Oil by 1.9% during the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock worth $655,000 after acquiring an additional 428 shares during the period. Trueblood Wealth Management LLC boosted its position in shares of Marathon Oil by 4.8% during the 1st quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock valued at $271,000 after acquiring an additional 439 shares in the last quarter. Finally, Argent Capital Management LLC increased its stake in Marathon Oil by 0.5% in the first quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock valued at $2,482,000 after acquiring an additional 441 shares during the period. 77.24% of the stock is currently owned by institutional investors.

Marathon Oil Price Performance

Marathon Oil stock opened at $27.93 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $15.75 billion, a P/E ratio of 11.54 and a beta of 2.16. The business has a 50-day moving average of $27.67 and a 200-day moving average of $27.56. Marathon Oil Co. has a 1 year low of $21.81 and a 1 year high of $30.06.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.06). The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. Marathon Oil’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. On average, equities analysts anticipate that Marathon Oil Co. will post 2.7 EPS for the current year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

A number of research analysts have commented on MRO shares. UBS Group cut their price target on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup cut their target price on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Susquehanna lowered their price target on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. StockNews.com began coverage on Marathon Oil in a report on Friday. They set a “buy” rating for the company. Finally, Capital One Financial lowered shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Marathon Oil has an average rating of “Moderate Buy” and an average target price of $31.65.

Insider Activity at Marathon Oil

In related news, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at approximately $2,750,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the sale, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.