Amalgamated Bank Has $5.80 Million Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Amalgamated Bank lifted its stake in Marathon Oil Co. (NYSE:MRO - Free Report) by 32.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,619 shares of the oil and gas producer's stock after purchasing an additional 50,381 shares during the period. Amalgamated Bank's holdings in Marathon Oil were worth $5,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oak Thistle LLC acquired a new position in shares of Marathon Oil in the 4th quarter valued at $1,440,000. Victory Capital Management Inc. raised its position in shares of Marathon Oil by 127.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer's stock worth $61,067,000 after purchasing an additional 1,415,639 shares during the period. LSV Asset Management lifted its holdings in shares of Marathon Oil by 3.3% during the 3rd quarter. LSV Asset Management now owns 4,692,600 shares of the oil and gas producer's stock valued at $125,527,000 after purchasing an additional 150,440 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Marathon Oil in the 4th quarter valued at approximately $3,209,000. Finally, Ardevora Asset Management LLP lifted its stake in Marathon Oil by 20.4% in the fourth quarter. Ardevora Asset Management LLP now owns 449,551 shares of the oil and gas producer's stock valued at $10,861,000 after buying an additional 76,210 shares in the last quarter. Institutional investors own 77.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MRO shares. Benchmark reaffirmed a "buy" rating and set a $32.00 price target on shares of Marathon Oil in a research report on Friday, May 3rd. Stifel Nicolaus cut their price target on shares of Marathon Oil from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Morgan Stanley raised their price objective on Marathon Oil from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Scotiabank increased their price target on Marathon Oil from $35.00 to $45.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. Finally, Mizuho upped their price objective on Marathon Oil from $31.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marathon Oil presently has a consensus rating of "Moderate Buy" and an average target price of $33.14.

Marathon Oil Trading Up 1.0 %

NYSE MRO traded up $0.25 during mid-day trading on Monday, reaching $26.46. 6,112,479 shares of the stock were exchanged, compared to its average volume of 9,436,545. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48. The stock has a 50 day simple moving average of $27.51 and a 200-day simple moving average of $25.28. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The stock has a market cap of $14.92 billion, a P/E ratio of 10.93 and a beta of 2.22.

Marathon Oil (NYSE:MRO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.56 billion. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. On average, analysts anticipate that Marathon Oil Co. will post 2.89 EPS for the current year.

Marathon Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, May 14th. Marathon Oil's dividend payout ratio is currently 18.18%.

Insider Activity at Marathon Oil

In related news, insider Patrick Wagner sold 39,969 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $26.89, for a total value of $1,074,766.41. Following the sale, the insider now owns 176,923 shares in the company, valued at approximately $4,757,459.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Patrick Wagner sold 39,969 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the completion of the sale, the insider now directly owns 176,923 shares of the company's stock, valued at approximately $4,757,459.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lee M. Tillman sold 80,647 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the completion of the sale, the chief executive officer now owns 596,330 shares of the company's stock, valued at approximately $16,065,130.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,332 shares of company stock valued at $7,644,903. 0.35% of the stock is owned by company 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.

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