Marathon Oil Corporation (NYSE:MRO) had its target price increased by Jefferies Group LLC from $14.00 to $16.50 in a research note released on Friday, November 3rd. They currently have a buy rating on the oil and gas producer’s stock.
A number of other analysts have also recently commented on the stock. Societe Generale upgraded shares of Marathon Oil Corporation from a hold rating to a buy rating in a research report on Thursday, November 2nd. Morgan Stanley set a $15.00 target price on Marathon Oil Corporation and gave the stock a hold rating in a report on Wednesday, October 18th. Barclays PLC increased their price objective on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the stock an equal weight rating in a research note on Wednesday, October 11th. BMO Capital Markets set a $17.00 price objective on shares of Marathon Oil Corporation and gave the stock a hold rating in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $16.00 target price on shares of Marathon Oil Corporation and gave the company a hold rating in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the stock. Marathon Oil Corporation presently has a consensus rating of Hold and a consensus target price of $17.34.
Shares of Marathon Oil Corporation (MRO) opened at $15.55 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.23) EPS. research analysts anticipate that Marathon Oil Corporation will post -0.4 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. Marathon Oil Corporation’s dividend payout ratio is -2.40%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Marathon Oil Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after acquiring an additional 1,808,213 shares during the period. Macquarie Group Ltd. lifted its position in Marathon Oil Corporation by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock valued at $739,367,000 after acquiring an additional 693,366 shares during the period. State Street Corp increased its stake in Marathon Oil Corporation by 2.8% during the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after purchasing an additional 1,350,863 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Marathon Oil Corporation by 10.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Marathon Oil Corporation by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock valued at $418,709,000 after purchasing an additional 172,691 shares in the last quarter. 79.45% of the stock is owned by institutional investors.
About Marathon Oil Corporation
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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