Other research analysts also recently issued reports about the company. Seaport Global Securities reissued a buy rating on shares of Marathon Oil in a research note on Friday, September 7th. Jefferies Financial Group reaffirmed a hold rating and issued a $22.80 target price on shares of Marathon Oil in a research report on Wednesday, August 15th. BMO Capital Markets raised Marathon Oil from a market perform rating to an outperform rating in a research report on Monday, October 15th. They noted that the move was a valuation call. Wolfe Research raised Marathon Oil from a market perform rating to an outperform rating in a research report on Wednesday, October 17th. Finally, Piper Jaffray Companies reaffirmed an overweight rating on shares of Marathon Oil in a research report on Friday, September 28th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $23.65.
Shares of NYSE:MRO traded down $0.17 during midday trading on Friday, reaching $16.05. The company’s stock had a trading volume of 21,692,295 shares, compared to its average volume of 12,452,418. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of -42.24, a P/E/G ratio of 2.28 and a beta of 2.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.38. Marathon Oil has a fifty-two week low of $14.27 and a fifty-two week high of $24.20.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The firm’s revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) EPS. Analysts anticipate that Marathon Oil will post 0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s payout ratio is -52.63%.
In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the sale, the vice president now directly owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. SCP Investment LP bought a new stake in Marathon Oil during the 2nd quarter worth approximately $2,086,000. Hartree Partners LP increased its holdings in Marathon Oil by 27.5% during the 3rd quarter. Hartree Partners LP now owns 153,000 shares of the oil and gas producer’s stock worth $3,562,000 after purchasing an additional 33,000 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Marathon Oil during the 2nd quarter worth approximately $133,000. Qube Research & Technologies Ltd bought a new stake in Marathon Oil during the 2nd quarter worth approximately $555,000. Finally, Riverhead Capital Management LLC increased its holdings in Marathon Oil by 141.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 64,450 shares of the oil and gas producer’s stock worth $1,345,000 after purchasing an additional 37,759 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: What is the balance sheet?
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.