Equities researchers at Susquehanna began coverage on shares of Marathon Oil Corp. (NYSE:MRO) in a research note issued on Friday. The brokerage set a “neutral” rating and a $17.00 price target on the stock. Susquehanna’s price target points to a potential upside of 3.16% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Marathon Oil Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Canaccord Genuity reaffirmed a “hold” rating and issued a $16.00 price target on shares of Marathon Oil Corp. in a report on Thursday, November 3rd. Bank of America Corp. reaffirmed a “buy” rating on shares of Marathon Oil Corp. in a report on Thursday, November 3rd. Deutsche Bank AG reissued a “buy” rating on shares of Marathon Oil Corp. in a research note on Friday, November 4th. Finally, Barclays PLC increased their target price on Marathon Oil Corp. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.13.

Analyst Recommendations for Marathon Oil Corp. (NYSE:MRO)

Marathon Oil Corp. (NYSE:MRO) opened at 16.48 on Friday. The firm’s 50-day moving average price is $14.77 and its 200 day moving average price is $14.43. Marathon Oil Corp. has a one year low of $6.52 and a one year high of $18.72. The firm’s market capitalization is $13.96 billion.

Marathon Oil Corp. (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Marathon Oil Corp. had a negative net margin of 32.98% and a negative return on equity of 4.91%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. On average, equities analysts anticipate that Marathon Oil Corp. will post ($0.91) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio is -9.26%.

Several institutional investors have recently made changes to their positions in MRO. Bragg Financial Advisors Inc increased its position in shares of Marathon Oil Corp. by 0.3% in the third quarter. Bragg Financial Advisors Inc now owns 12,107 shares of the company’s stock worth $191,000 after buying an additional 35 shares in the last quarter. Kanaly Trust Co increased its stake in shares of Marathon Oil Corp. by 0.3% in the third quarter. Kanaly Trust Co now owns 15,728 shares of the company’s stock valued at $249,000 after buying an additional 42 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Marathon Oil Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 32,338 shares of the company’s stock valued at $485,000 after buying an additional 126 shares during the period. Blair William & Co. IL increased its stake in shares of Marathon Oil Corp. by 1.6% in the second quarter. Blair William & Co. IL now owns 16,187 shares of the company’s stock valued at $243,000 after buying an additional 249 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Marathon Oil Corp. by 1.8% in the second quarter. Pacer Advisors Inc. now owns 15,848 shares of the company’s stock valued at $238,000 after buying an additional 277 shares during the period. 83.91% of the stock is owned by institutional investors and hedge funds.

About Marathon Oil Corp.

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.

5 Day Chart for NYSE:MRO

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