Vetr cut shares of Marathon Oil Corp. (NYSE:MRO) from a buy rating to a hold rating in a research report released on Monday. The firm currently has $16.67 target price on the stock.

Several other equities research analysts have also recently issued reports on MRO. Zacks Investment Research cut Marathon Oil Corp. from a buy rating to a hold rating in a research note on Wednesday, August 3rd. Jefferies Group reissued a buy rating on shares of Marathon Oil Corp. in a research note on Thursday, August 4th. Barclays PLC raised their target price on Marathon Oil Corp. from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Monday, August 8th. Simmons reissued an overweight rating on shares of Marathon Oil Corp. in a research note on Thursday, August 11th. Finally, Bank of America Corp. raised Marathon Oil Corp. from a neutral rating to a buy rating and raised their target price for the stock from $14.90 to $21.00 in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $17.13.

Shares of Marathon Oil Corp. (NYSE:MRO) opened at 16.48 on Monday. The company’s 50 day moving average price is $14.77 and its 200-day moving average price is $14.43. Marathon Oil Corp. has a 52 week low of $6.52 and a 52 week high of $18.72. The stock’s market capitalization is $13.96 billion.

Marathon Oil Corp. (NYSE:MRO) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.09. The company earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.20) earnings per share. Equities research analysts predict that Marathon Oil Corp. will post ($0.91) EPS for the current year.

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

Hedge funds have recently bought and sold shares of the stock. Bragg Financial Advisors Inc increased its stake in Marathon Oil Corp. by 0.3% in the third quarter. Bragg Financial Advisors Inc now owns 12,107 shares of the company’s stock valued at $191,000 after buying an additional 35 shares during the last quarter. Kanaly Trust Co increased its stake in 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 last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in 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 last quarter. Blair William & Co. IL increased its stake in 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 last quarter. Finally, Pacer Advisors Inc. increased its stake in 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 last quarter. 83.91% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:MRO

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