BidaskClub upgraded shares of Marathon Oil Corporation (NYSE:MRO) from a strong sell rating to a sell rating in a research report report published on Wednesday morning.
Other research analysts have also issued research reports about the company. FBR & Co began coverage on Marathon Oil Corporation in a report on Friday, March 10th. They set an outperform rating and a $22.00 price objective on the stock. ValuEngine downgraded Marathon Oil Corporation from a hold rating to a sell rating in a research report on Friday, June 2nd. Scotiabank reaffirmed a buy rating and set a $25.00 price target on shares of Marathon Oil Corporation in a report on Wednesday, March 22nd. Bank of America Corporation cut Marathon Oil Corporation from a buy rating to a neutral rating and dropped their price target for the company from $25.00 to $22.00 in a report on Thursday, May 11th. Finally, Vetr raised Marathon Oil Corporation from a buy rating to a strong-buy rating and set a $18.01 target price for the company in a research note on Wednesday, March 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $18.27.
Shares of Marathon Oil Corporation (NYSE MRO) traded up 0.17% during trading on Wednesday, hitting $11.49. 6,524,009 shares of the stock were exchanged. The stock’s market cap is $9.77 billion. Marathon Oil Corporation has a one year low of $11.20 and a one year high of $19.28. The stock’s 50 day moving average price is $12.98 and its 200 day moving average price is $15.51. Marathon Oil Corporation also was the recipient of unusually large options trading on Monday. Stock investors bought 1,294 call options on the company. This represents an increase of 127% compared to the average daily volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Thursday, May 4th. The oil and gas producer reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.29 billion. Marathon Oil Corporation had a negative return on equity of 2.54% and a negative net margin of 134.01%. Marathon Oil Corporation’s revenue was up 88.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) earnings per share. Equities research analysts predict that Marathon Oil Corporation will post ($0.26) EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.74%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.53%.
A number of institutional investors have recently bought and sold shares of MRO. Advisory Services Network LLC acquired a new position in shares of Marathon Oil Corporation during the first quarter worth approximately $103,000. Exane Derivatives raised its stake in shares of Marathon Oil Corporation by 38.9% in the first quarter. Exane Derivatives now owns 9,907 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 2,775 shares during the last quarter. Klingenstein Fields & Co. LLC raised its stake in shares of Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 83 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Marathon Oil Corporation during the first quarter worth $161,000. Finally, Algert Global LLC bought a new stake in shares of Marathon Oil Corporation during the first quarter worth $164,000. 81.97% of the stock is 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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