Societe Generale upgraded shares of Marathon Oil Corporation (NYSE:MRO) from a hold rating to a buy rating in a research report released on Thursday, November 2nd, Marketbeat Ratings reports.
Other equities analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a hold rating and issued a $14.00 target price on shares of Marathon Oil Corporation in a report on Thursday, October 19th. Morgan Stanley set a $15.00 target price on shares of Marathon Oil Corporation and gave the stock a hold rating in a report on Wednesday, October 18th. Barclays PLC raised their target price on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the stock an equal weight rating in a report on Wednesday, October 11th. BMO Capital Markets set a $17.00 target price on shares of Marathon Oil Corporation and gave the stock a hold rating in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $16.00 target price on shares of Marathon Oil Corporation and gave the stock a hold rating in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $17.34.
Marathon Oil Corporation (NYSE MRO) traded down $0.66 during trading hours on Thursday, reaching $14.84. The company’s stock had a trading volume of 14,720,600 shares, compared to its average volume of 13,431,991. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the firm earned ($0.23) earnings per share. equities research analysts anticipate that Marathon Oil Corporation will post -0.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. Marathon Oil Corporation’s payout ratio is currently -2.40%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. grew its stake in Marathon Oil Corporation by 112.6% during the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock worth $637,911,000 after buying an additional 28,514,387 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Marathon Oil Corporation during the third quarter worth about $81,114,000. Hotchkis & Wiley Capital Management LLC grew its stake in Marathon Oil Corporation by 10.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after buying an additional 3,767,268 shares during the last quarter. Vanguard Group Inc. grew its stake in Marathon Oil Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock worth $1,027,132,000 after buying an additional 1,808,213 shares during the last quarter. Finally, State Street Corp grew its stake in Marathon Oil Corporation by 2.8% during the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock worth $593,258,000 after buying an additional 1,350,863 shares during the last quarter. 79.45% of the stock is currently owned by institutional investors and hedge funds.
Marathon Oil Corporation Company Profile
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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