Marathon Oil Corp. (MRO) Raised to “Buy” at Vetr Inc.
MRO has been the topic of a number of other research reports. Bank of America Corp. upgraded shares of Marathon Oil Corp. from a neutral rating to a buy rating and boosted their price objective for the stock from $14.90 to $21.00 in a report on Tuesday, August 16th. Canaccord Genuity reiterated a hold rating and issued a $16.00 price objective on shares of Marathon Oil Corp. in a report on Thursday, November 3rd. Susquehanna assumed coverage on shares of Marathon Oil Corp. in a report on Friday, November 18th. They issued a neutral rating and a $17.00 price objective on the stock. Deutsche Bank AG reiterated a buy rating on shares of Marathon Oil Corp. in a report on Friday, November 4th. Finally, Credit Suisse Group AG restated a hold rating and issued a $20.00 target price on shares of Marathon Oil Corp. in a research note on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Marathon Oil Corp. currently has a consensus rating of Hold and an average price target of $17.67.
Marathon Oil Corp. (NYSE:MRO) opened at 18.06 on Monday. The stock’s market cap is $15.30 billion. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $18.55. The company’s 50 day moving average price is $14.85 and its 200-day moving average price is $14.62.
Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. Marathon Oil Corp. had a negative net margin of 32.98% and a negative return on equity of 4.91%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted ($0.20) EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that Marathon Oil Corp. will post ($0.91) EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -9.26%.
Several hedge funds and other institutional investors have recently bought and sold shares of MRO. Boston Partners raised its stake in Marathon Oil Corp. by 417.2% in the third quarter. Boston Partners now owns 37,738,524 shares of the company’s stock valued at $596,646,000 after buying an additional 30,442,089 shares in the last quarter. FMR LLC raised its stake in Marathon Oil Corp. by 60.4% in the second quarter. FMR LLC now owns 17,566,438 shares of the company’s stock valued at $263,671,000 after buying an additional 6,615,551 shares in the last quarter. Third Point LLC acquired a new stake in Marathon Oil Corp. during the second quarter valued at approximately $60,040,000. Vanguard Group Inc. raised its stake in Marathon Oil Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 77,741,849 shares of the company’s stock valued at $1,166,906,000 after buying an additional 3,643,905 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Marathon Oil Corp. by 70.1% in the third quarter. Schroder Investment Management Group now owns 7,128,961 shares of the company’s stock valued at $112,710,000 after buying an additional 2,937,094 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.
About Marathon Oil Corp.
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
To view Vetr’s full report, visit Vetr’s official website.
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