Societe Generale upgraded shares of Marathon Oil Corporation (NYSE:MRO) from a hold rating to a buy rating in a report issued on Thursday, MarketBeat reports.
MRO has been the subject of a number of other reports. Scotiabank set a $19.00 target price on shares of Marathon Oil Corporation and gave the company a buy rating in a report on Wednesday, October 4th. Stifel Nicolaus set a $10.00 target price on shares of Marathon Oil Corporation and gave the company a hold rating in a report on Thursday, October 5th. Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a buy rating in a report on Friday, August 25th. BidaskClub raised shares of Marathon Oil Corporation from a strong sell rating to a sell rating in a report on Saturday, August 5th. Finally, Stephens assumed coverage on shares of Marathon Oil Corporation in a report on Wednesday, July 12th. They issued an equal weight rating and a $14.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $17.31.
Shares of Marathon Oil Corporation (NYSE MRO) traded up $0.14 on Thursday, reaching $15.58. 17,306,189 shares of the company were exchanged, compared to its average volume of 11,024,122. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 2.06.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 2.89%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned ($0.23) earnings per share. The business’s revenue was up 26.5% compared to the same quarter last year. sell-side analysts predict that Marathon Oil Corporation will post -0.42 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.28%. Marathon Oil Corporation’s payout ratio is currently -2.40%.
Several hedge funds and other institutional investors have recently made changes to their positions in MRO. Integrated Investment Consultants LLC lifted its holdings 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 purchasing an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Marathon Oil Corporation in the second quarter valued at about $122,000. JFS Wealth Advisors LLC lifted its holdings 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 purchasing an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of Marathon Oil Corporation in the second quarter valued at about $149,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Marathon Oil Corporation in the second quarter valued at about $150,000. 81.08% 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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