Marathon Oil Corp. (MRO) To Go Ex-Dividend on November 14th
Marathon Oil Corp. (NYSE:MRO) declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Wednesday, November 16th will be given a dividend of 0.05 per share on Monday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, November 14th.
Marathon Oil Corp. (NYSE:MRO) opened at 14.89 on Friday. The company’s market cap is $12.61 billion. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $18.72. The firm has a 50-day moving average price of $14.66 and a 200-day moving average price of $14.33.
Marathon Oil Corp. (NYSE:MRO) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.09. The business earned $1.23 billion during the quarter, compared to analyst estimates of $1.10 billion. Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. Marathon Oil Corp.’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. On average, analysts forecast that Marathon Oil Corp. will post ($0.91) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in MRO. Columbia Pacific Advisors LLC acquired a new position in Marathon Oil Corp. during the second quarter worth $675,000. Pine River Capital Management L.P. boosted its position in shares of Marathon Oil Corp. by 1,217.8% in the second quarter. Pine River Capital Management L.P. now owns 561,400 shares of the company’s stock worth $8,427,000 after buying an additional 518,800 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Marathon Oil Corp. during the second quarter worth approximately $122,000. SevenBridge Financial Group LLC purchased a new position in shares of Marathon Oil Corp. during the second quarter worth approximately $191,000. Finally, Euclid Advisors LLC purchased a new position in shares of Marathon Oil Corp. during the second quarter worth approximately $207,000. 81.22% of the stock is owned by institutional investors.
MRO has been the subject of a number of research analyst reports. Bank of America Corp. set a $21.00 target price on Marathon Oil Corp. and gave the company a “buy” rating in a research report on Thursday, September 8th. Jefferies Group set a $18.00 price target on Marathon Oil Corp. and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Deutsche Bank AG reissued a “buy” rating on shares of Marathon Oil Corp. in a research report on Friday, November 4th. Barclays PLC lowered Marathon Oil Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $18.00 to $17.00 in a research report on Monday, October 17th. Finally, Zacks Investment Research lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $16.97.
Marathon Oil Corp. Company Profile
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. 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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