Marathon Oil Corp. (MRO) Lifted to “Buy” at Vetr Inc.
Marathon Oil Corp. (NYSE:MRO) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $16.67 price target on the stock. Vetr‘s price target would indicate a potential upside of 7.27% from the stock’s previous close.
Several other equities analysts also recently weighed in on MRO. Bank of America Corp. set a $21.00 price target on Marathon Oil Corp. and gave the stock a “buy” rating in a research report on Thursday, September 8th. Susquehanna initiated coverage on Marathon Oil Corp. in a research report on Friday, November 18th. They set a “neutral” rating and a $17.00 price target for the company. Credit Suisse Group AG downgraded Marathon Oil Corp. from an “outperform” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Monday, September 12th. Seaport Global Securities downgraded Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Tuesday, August 30th. Finally, 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. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.67.
Marathon Oil Corp. (NYSE:MRO) traded down 4.55% on Monday, hitting $15.54. The stock had a trading volume of 20,131,745 shares. The company has a 50-day moving average of $14.78 and a 200 day moving average of $14.57. Marathon Oil Corp. has a 12 month low of $6.52 and a 12 month high of $17.69. The company’s market cap is $13.17 billion.
Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings data 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 firm 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%. Marathon Oil Corp.’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. On average, analysts predict that Marathon Oil Corp. will post ($0.91) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio (DPR) is -9.26%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Marathon Oil Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 77,741,849 shares of the company’s stock valued at $1,166,906,000 after buying an additional 3,643,905 shares during the period. State Street Corp boosted its position in Marathon Oil Corp. by 0.4% in the second quarter. State Street Corp now owns 43,704,229 shares of the company’s stock valued at $656,014,000 after buying an additional 159,499 shares during the period. Boston Partners boosted its position in Marathon Oil Corp. by 417.2% in the third quarter. Boston Partners now owns 37,738,524 shares of the company’s stock valued at $596,646,000 after buying an additional 30,442,089 shares during the period. BlackRock Advisors LLC boosted its position in Marathon Oil Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 29,510,152 shares of the company’s stock valued at $442,948,000 after buying an additional 577,684 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Marathon Oil Corp. by 1.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 25,194,825 shares of the company’s stock valued at $378,174,000 after buying an additional 435,786 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.
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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