Piper Jaffray Companies Analysts Give Marathon Oil Corporation (MRO) a $20.00 Price Target
Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation (NYSE:MRO) in a research note released on Friday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.
A number of other research firms have also recently weighed in on MRO. Bank of America Corporation cut shares of Marathon Oil Corporation from a buy rating to a neutral rating and decreased their target price for the stock from $25.00 to $22.00 in a research note on Thursday, May 11th. Zacks Investment Research cut shares of Marathon Oil Corporation from a hold rating to a sell rating in a research note on Tuesday, May 9th. FBR & Co reaffirmed a buy rating and set a $20.00 target price on shares of Marathon Oil Corporation in a research note on Tuesday, May 23rd. Jefferies Group LLC cut shares of Marathon Oil Corporation from a buy rating to a hold rating and decreased their target price for the stock from $22.00 to $16.00 in a research note on Wednesday, May 17th. Finally, Scotiabank set a $23.00 target price on shares of Marathon Oil Corporation and gave the stock a buy rating in a research note on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. Marathon Oil Corporation has a consensus rating of Hold and a consensus target price of $17.42.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at 11.05 on Friday. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28. The company’s market cap is $9.39 billion. The company has a 50 day moving average price of $11.75 and a 200 day moving average price of $13.85.
Marathon Oil Corporation (NYSE:MRO) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.10. The company 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 business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS. Equities research analysts expect that Marathon Oil Corporation will post ($0.44) earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.
Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in Marathon Oil Corporation during the first quarter valued at $103,000. Integrated Investment Consultants LLC increased its stake in 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 period. Dupont Capital Management Corp bought a new stake in Marathon Oil Corporation during the second quarter valued at $122,000. JFS Wealth Advisors LLC increased its stake in 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 period. Finally, IBM Retirement Fund bought a new stake in Marathon Oil Corporation during the second quarter valued at $149,000. 80.96% of the stock is owned by hedge funds and other institutional investors.
Marathon Oil Corporation Company Profile
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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