Scotiabank Analysts Give Marathon Oil Corporation (MRO) a $19.00 Price Target
Other analysts also recently issued research reports about the company. Morgan Stanley raised Marathon Oil Corporation from an underweight rating to an equal weight rating and decreased their target price for the company from $17.00 to $14.00 in a research note on Wednesday, June 21st. Jefferies Group LLC set a $16.00 target price on Marathon Oil Corporation and gave the company a hold rating in a research note on Saturday, June 24th. KLR Group reaffirmed a buy rating and issued a $23.00 price objective (up previously from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. Seaport Global Securities downgraded Marathon Oil Corporation from a neutral rating to a sell rating and reduced their price objective for the stock from $17.00 to $9.00 in a research note on Wednesday, June 21st. Finally, Vetr downgraded Marathon Oil Corporation from a strong-buy rating to a buy rating and set a $14.22 price objective on the stock. in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $17.28.
Shares of Marathon Oil Corporation (NYSE MRO) opened at 13.55 on Wednesday. The stock’s 50 day moving average price is $12.11 and its 200 day moving average price is $13.11. The company’s market capitalization is $11.52 billion. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28.
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 for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.48%. Marathon Oil Corporation’s payout ratio is -2.55%.
Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Investment Consultants LLC boosted its stake 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 worth $107,000 after buying an additional 2,287 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Marathon Oil Corporation in the second quarter worth about $122,000. JFS Wealth Advisors LLC boosted its stake 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 worth $148,000 after buying an additional 2,693 shares during the last quarter. IBM Retirement Fund purchased a new stake in shares of Marathon Oil Corporation in the second quarter worth about $149,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Marathon Oil Corporation in the second quarter worth about $150,000. Hedge funds and other institutional investors own 80.98% of the company’s stock.
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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