Shares of Marathon Oil Co. (NYSE:MRO) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.91.
A number of equities analysts recently issued reports on MRO shares. Morgan Stanley upped their price target on shares of Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. TheStreet upgraded shares of Marathon Oil from a “c” rating to a “b-” rating in a research note on Wednesday, November 7th. BMO Capital Markets set a $22.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Monday, November 12th. ValuEngine upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, JPMorgan Chase & Co. set a $27.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call.
In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the transaction, the vice president now owns 394,569 shares in the company, valued at approximately $8,163,632.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Shares of MRO stock traded up $0.63 during mid-day trading on Friday, reaching $17.32. 182,217 shares of the company’s stock traded hands, compared to its average volume of 13,391,151. Marathon Oil has a 12 month low of $14.27 and a 12 month high of $24.20. The stock has a market cap of $13.87 billion, a PE ratio of -45.84, a price-to-earnings-growth ratio of 2.37 and a beta of 2.43. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, sell-side analysts forecast that Marathon Oil will post 0.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio is currently -52.63%.
About Marathon Oil
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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