Vetr upgraded shares of Marathon Oil Co. (NYSE:MRO) from a buy rating to a strong-buy rating in a research note published on Friday, April 14th. They currently have $18.08 price target on the oil and gas producer’s stock.
Other analysts also recently issued research reports about the company. Canaccord Genuity set a $16.00 price target on Marathon Oil and gave the company a hold rating in a research note on Saturday, January 21st. Stifel Nicolaus began coverage on Marathon Oil in a research note on Wednesday, April 12th. They issued a hold rating and a $17.00 price target on the stock. BMO Capital Markets reissued a hold rating and issued a $17.00 price target on shares of Marathon Oil in a research note on Thursday, April 13th. Jefferies Group LLC reissued a buy rating and issued a $22.00 price target on shares of Marathon Oil in a research note on Friday, March 31st. Finally, Nomura downgraded Marathon Oil from a buy rating to a neutral rating in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $19.09.
Marathon Oil (NYSE:MRO) traded up 3.33% during mid-day trading on Friday, hitting $14.59. The stock had a trading volume of 9,054,104 shares. The firm’s market cap is $12.40 billion. Marathon Oil has a 1-year low of $12.22 and a 1-year high of $19.28. The stock has a 50 day moving average of $15.24 and a 200-day moving average of $16.18.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.29 billion. Marathon Oil had a negative return on equity of 4.91% and a negative net margin of 32.98%. The firm’s revenue was up 88.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.43) EPS. Analysts predict that Marathon Oil will post ($0.17) EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. Marathon Oil’s dividend payout ratio (DPR) is currently -9.26%.
A number of hedge funds have recently modified their holdings of MRO. Welch Group LLC bought a new position in shares of Marathon Oil during the third quarter valued at $7,352,000. Independent Advisor Alliance bought a new position in shares of Marathon Oil during the fourth quarter valued at $103,000. Todd Asset Management LLC bought a new position in shares of Marathon Oil during the third quarter valued at $257,000. Advisory Services Network LLC bought a new position in shares of Marathon Oil during the first quarter valued at $103,000. Finally, Global X Management Co. LLC raised its position in shares of Marathon Oil by 89.6% in the third quarter. Global X Management Co. LLC now owns 6,683 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 3,158 shares in the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.
Marathon Oil 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.
To view Vetr’s full report, visit Vetr’s official website.
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