Marathon Oil Corporation (NYSE:MRO) Given Consensus Recommendation of “Hold” by Brokerages
Marathon Oil Corporation (NYSE:MRO) has earned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.30.
Several equities research analysts have recently weighed in on MRO shares. Jefferies Group LLC downgraded Marathon Oil Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $16.00 in a report on Wednesday, May 17th. FBR & Co reissued a “buy” rating and issued a $20.00 price objective on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. Morgan Stanley raised Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) started coverage on Marathon Oil Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 price objective for the company. Finally, Barclays PLC reissued a “hold” rating and issued a $15.00 price objective (down from $17.00) on shares of Marathon Oil Corporation in a report on Thursday, April 20th.
Marathon Oil Corporation (NYSE:MRO) traded up 0.58% during mid-day trading on Friday, reaching $12.12. 11,705,821 shares of the company were exchanged. Marathon Oil Corporation has a 1-year low of $11.20 and a 1-year high of $19.28. The firm’s market capitalization is $10.30 billion. The stock has a 50-day moving average of $11.92 and a 200 day moving average of $14.28.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share. Equities research analysts forecast that Marathon Oil Corporation will post ($0.45) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.
A number of large investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. increased its stake in Marathon Oil Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 731,659 shares of the oil and gas producer’s stock worth $11,560,000 after buying an additional 22,402 shares during the period. Gulf International Bank UK Ltd increased its stake in Marathon Oil Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 261,245 shares of the oil and gas producer’s stock worth $4,127,000 after buying an additional 3,900 shares during the period. National Pension Service acquired a new stake in Marathon Oil Corporation during the first quarter worth approximately $12,622,000. Bank of Montreal Can increased its stake in Marathon Oil Corporation by 91.1% in the first quarter. Bank of Montreal Can now owns 2,091,771 shares of the oil and gas producer’s stock worth $33,050,000 after buying an additional 997,175 shares during the period. Finally, Eastern Bank acquired a new stake in Marathon Oil Corporation during the first quarter worth approximately $337,000. 81.28% of the stock is owned by institutional investors.
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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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