Marathon Oil Corporation (MRO) Receives Equal Weight Rating from Morgan Stanley
MRO has been the subject of a number of other research reports. FBR & Co reiterated a buy rating and issued a $20.00 price target on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. ValuEngine lowered Marathon Oil Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. BidaskClub upgraded Marathon Oil Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. Barclays PLC set a $11.00 price target on Marathon Oil Corporation and gave the company a hold rating in a report on Friday, August 4th. Finally, Vetr lowered Marathon Oil Corporation from a strong-buy rating to a buy rating and set a $14.22 price target for the company. in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $17.33.
Marathon Oil Corporation (NYSE:MRO) traded up 0.59% on Friday, hitting $12.00. The stock had a trading volume of 11,335,041 shares. The stock’s 50-day moving average is $11.60 and its 200 day moving average is $13.39. The firm’s market capitalization is $10.20 billion. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) EPS. On average, equities research analysts predict that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Investment Consultants LLC grew its position in Marathon Oil Corporation by 33.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,287 shares during the period. Dupont Capital Management Corp acquired a new stake in Marathon Oil Corporation during the 2nd quarter worth about $122,000. JFS Wealth Advisors LLC grew its position in Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 2,693 shares during the period. IBM Retirement Fund acquired a new stake in Marathon Oil Corporation during the 2nd quarter worth about $149,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Marathon Oil Corporation during the 2nd quarter worth about $150,000. 80.98% of the stock is currently owned by institutional investors.
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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