Marathon Oil Co. (NYSE:MRO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Marathon Oil Co. (NYSE:MRO) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MRO. Comerica Bank lifted its stake in Marathon Oil by 15.0% during the 1st quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock valued at $4,882,000 after acquiring an additional 22,526 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Marathon Oil in the second quarter worth about $6,673,000. Versor Investments LP raised its position in Marathon Oil by 14.6% during the third quarter. Versor Investments LP now owns 270,215 shares of the oil and gas producer’s stock valued at $7,196,000 after acquiring an additional 34,499 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Marathon Oil by 217.2% in the first quarter. Cetera Investment Advisers now owns 125,082 shares of the oil and gas producer’s stock valued at $3,545,000 after acquiring an additional 85,649 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Marathon Oil by 5.3% in the second quarter. Fifth Third Bancorp now owns 46,264 shares of the oil and gas producer’s stock valued at $1,326,000 after buying an additional 2,317 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Marathon Oil Stock Down 1.3 %

Shares of NYSE MRO opened at $28.55 on Monday. The firm 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 Co. has a 1 year low of $21.81 and a 1 year high of $30.06. The firm’s 50 day moving average price is $27.62 and its 200 day moving average price is $27.64.

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

Marathon Oil Announces Dividend

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

Analysts Set New Price Targets

MRO has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Susquehanna decreased their price objective on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Scotiabank lifted their price objective on Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Barclays dropped their price objective on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Mizuho cut their price target on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Oil presently has an average rating of “Moderate Buy” and a consensus target price of $30.94.

Insider Transactions at Marathon Oil

In other Marathon Oil news, CEO Lee M. Tillman sold 256,591 shares of Marathon Oil stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.07, for a total transaction of $7,459,100.37. Following the transaction, the chief executive officer now directly owns 596,330 shares of the company’s stock, valued at $17,335,313.10. The trade was a 30.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick Wagner sold 36,094 shares of the 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 sale, the insider now directly owns 104,735 shares of the company’s stock, valued at $3,020,557.40. The trade was a 25.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 382,693 shares of company stock worth $10,964,251 in the last ninety days. 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.