Marathon Oil Co. (NYSE:MRO) has been assigned an average rating of “Buy” from the twenty-two analysts that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.91.
MRO has been the subject of a number of recent analyst reports. Mizuho initiated coverage on Marathon Oil in a research report on Monday, July 23rd. They issued a “neutral” rating and a $28.00 price objective for the company. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.80 price target on shares of Marathon Oil in a research report on Wednesday, August 15th. Barclays started coverage on Marathon Oil in a research report on Wednesday, August 29th. They set an “overweight” rating and a $25.00 price target for the company. Finally, Stifel Nicolaus set a $21.00 price target on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, August 29th.
In other news, VP Thomas Mitchell Little sold 117,333 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the transaction, the vice president now owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. State Treasurer State of Michigan increased its stake in shares of Marathon Oil by 1.0% in the 2nd quarter. State Treasurer State of Michigan now owns 252,640 shares of the oil and gas producer’s stock valued at $5,270,000 after purchasing an additional 2,500 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of Marathon Oil by 65.6% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 6,312 shares of the oil and gas producer’s stock valued at $147,000 after purchasing an additional 2,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Marathon Oil by 11.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 26,361 shares of the oil and gas producer’s stock valued at $550,000 after purchasing an additional 2,676 shares in the last quarter. Twin Capital Management Inc. increased its stake in shares of Marathon Oil by 1.1% in the 2nd quarter. Twin Capital Management Inc. now owns 247,450 shares of the oil and gas producer’s stock valued at $5,162,000 after purchasing an additional 2,710 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Marathon Oil by 10.7% in the 3rd quarter. MML Investors Services LLC now owns 28,128 shares of the oil and gas producer’s stock valued at $655,000 after purchasing an additional 2,710 shares in the last quarter. 80.01% of the stock is owned by institutional investors and hedge funds.
Shares of Marathon Oil stock traded down $0.21 during trading on Monday, reaching $17.84. The company’s stock had a trading volume of 17,025,206 shares, compared to its average volume of 13,987,730. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.51 and a quick ratio of 1.45. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of -46.95, a PEG ratio of 1.52 and a beta of 2.45. Marathon Oil has a 1-year low of $14.27 and a 1-year high of $24.20.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Marathon Oil had a return on equity of 4.48% and a net margin of 10.94%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. On average, equities research analysts anticipate that Marathon Oil will post 0.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.12%. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.
Marathon Oil Company Profile
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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