Marathon Oil Corporation (MRO) Given Average Rating of “Hold” by Brokerages

Marathon Oil Corporation (NYSE:MRO) has been given a consensus rating of “Hold” by the twenty-eight brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.22.

A number of equities analysts recently weighed in on MRO shares. Piper Jaffray Companies set a $20.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group LLC set a $12.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. Barclays PLC lifted their price objective on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 11th. Scotiabank set a $19.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus set a $10.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th.

Shares of Marathon Oil Corporation (NYSE:MRO) traded down $0.44 on Monday, hitting $14.61. 5,229,133 shares of the stock were exchanged, compared to its average volume of 13,423,303. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Corporation has a twelve month low of $10.55 and a twelve month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) earnings per share. analysts anticipate that Marathon Oil Corporation will post -0.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 14th. Marathon Oil Corporation’s payout ratio is -7.81%.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/11/20/marathon-oil-corporation-mro-given-average-rating-of-hold-by-brokerages.html.

A number of hedge funds have recently made changes to their positions in MRO. Macquarie Group Ltd. raised its stake in Marathon Oil Corporation by 112.6% in the 2nd quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after purchasing an additional 28,514,387 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Marathon Oil Corporation in the 3rd quarter valued at about $81,114,000. Hotchkis & Wiley Capital Management LLC raised its stake in Marathon Oil Corporation by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares during the last quarter. Vanguard Group Inc. raised its stake in Marathon Oil Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after purchasing an additional 1,808,213 shares during the last quarter. Finally, State Street Corp raised its stake in Marathon Oil Corporation by 2.8% in the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after purchasing an additional 1,350,863 shares during the last quarter. 78.63% 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.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

What are top analysts saying about Marathon Oil Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marathon Oil Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit