Brokerages Set Marathon Oil Corporation (MRO) Price Target at $17.30
Marathon Oil Corporation (NYSE:MRO) has received a consensus recommendation of “Hold” from the twenty-eight research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.30.
A number of research analysts recently issued reports on the company. Scotiabank set a $21.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. Morgan Stanley upgraded Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $17.00 to $14.00 in a report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Saturday, June 24th. KLR Group reiterated a “buy” rating and set a $23.00 price objective (up from $21.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $11.00 price objective on shares of Marathon Oil Corporation in a report on Friday, July 14th.
Marathon Oil Corporation (NYSE MRO) traded down 0.86% during trading on Friday, reaching $11.53. The company’s stock had a trading volume of 11,987,284 shares. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28. The firm’s market cap is $9.80 billion. The stock’s 50 day moving average is $11.92 and its 200-day moving average is $14.15.
Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) earnings per share. On average, equities research analysts forecast that Marathon Oil Corporation will post ($0.47) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.73%. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.
A number of institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Marathon Oil Corporation during the first quarter valued at about $103,000. Integrated Investment Consultants LLC raised its position in shares of Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,287 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Marathon Oil Corporation during the second quarter valued at about $122,000. JFS Wealth Advisors LLC raised its position in shares of Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 2,693 shares during the last quarter. Finally, IBM Retirement Fund acquired a new position in shares of Marathon Oil Corporation during the second quarter valued at about $149,000. 80.22% of the stock is owned by hedge funds and other institutional investors.
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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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