Mutual of America Capital Management LLC Has $1.83 Million Position in Marathon Oil Co. (NYSE:MRO)

Mutual of America Capital Management LLC trimmed its position in shares of Marathon Oil Co. (NYSE:MRO) by 3.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,872 shares of the oil and gas producer’s stock after selling 2,258 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marathon Oil were worth $1,834,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. HWG Holdings LP bought a new position in shares of Marathon Oil during the second quarter valued at about $26,000. Founders Capital Management grew its stake in Marathon Oil by 100.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Marathon Oil during the 2nd quarter valued at $29,000. Grove Bank & Trust boosted its holdings in shares of Marathon Oil by 77.4% in the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Marathon Oil during the 3rd quarter worth approximately $36,000. 77.24% of the stock is owned by institutional investors.

Marathon Oil Stock Performance

Shares of NYSE MRO opened at $28.55 on Monday. The firm’s fifty day moving average is $27.62 and its two-hundred day moving average is $27.64. Marathon Oil Co. has a 52-week low of $21.81 and a 52-week high of $30.06. The company has a market cap of $15.97 billion, a P/E ratio of 12.25 and a beta of 2.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.69.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. As a group, analysts anticipate that Marathon Oil Co. will post 2.34 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, November 15th. Marathon Oil’s payout ratio is 18.88%.

Analyst Ratings Changes

A number of brokerages have weighed in on MRO. Mizuho cut their target price on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. StockNews.com assumed coverage on shares of Marathon Oil in a report on Saturday. They issued a “buy” rating on the stock. Wells Fargo & Company cut their price target on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. UBS Group lowered 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 report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.94.

Insider Buying and Selling

In related news, insider Patrick Wagner sold 36,094 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $28.84, for a total transaction of $1,040,950.96. Following the completion of the transaction, the insider now owns 104,735 shares in the company, valued at $3,020,557.40. The trade was a 25.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the sale, the vice president now owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. This trade represents a 33.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 382,693 shares of company stock worth $10,964,251. Corporate insiders own 0.35% of the company’s stock.

Marathon Oil 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.