Marathon Oil Corporation (MRO) Given New $16.50 Price Target at Jefferies Group LLC

Marathon Oil Corporation (NYSE:MRO) had its price objective increased by Jefferies Group LLC from $14.00 to $16.50 in a research report released on Friday, November 3rd. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a buy rating in a research note on Friday, August 25th. Scotiabank reiterated a buy rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a research report on Thursday, August 3rd. KLR Group reiterated a buy rating and set a $23.00 price objective (up from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Vetr cut shares of Marathon Oil Corporation from a strong-buy rating to a buy rating and set a $14.22 price objective for the company. in a research report on Monday, August 7th. Finally, Societe Generale upgraded shares of Marathon Oil Corporation from a hold rating to a buy rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $17.42.

Shares of Marathon Oil Corporation (MRO) traded up $0.36 during trading hours on Friday, reaching $14.88. 20,262,641 shares of the company traded hands, compared to its average volume of 13,448,865. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Corporation has a fifty-two week low of $10.55 and a fifty-two week high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) earnings per share. research analysts forecast that Marathon Oil Corporation will post -0.39 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. Marathon Oil Corporation’s payout ratio is -7.81%.

Large investors have recently modified their holdings of the stock. Integrated Investment Consultants LLC grew its stake in Marathon Oil Corporation by 33.8% during the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Marathon Oil Corporation during the second quarter valued at approximately $122,000. JFS Wealth Advisors LLC grew its stake in Marathon Oil Corporation by 27.6% during the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new position in Marathon Oil Corporation during the second quarter valued at approximately $149,000. Finally, Mackenzie Financial Corp purchased a new position in Marathon Oil Corporation during the third quarter valued at approximately $149,000. 78.63% 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.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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