Scotiabank Analysts Give Marathon Oil Corporation (MRO) a $19.00 Price Target

Scotiabank set a $19.00 target price on Marathon Oil Corporation (NYSE:MRO) in a report published on Monday morning. The firm currently has a buy rating on the oil and gas producer’s stock.

Other research analysts have also recently issued research reports about the stock. Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a buy rating in a research note on Friday, August 25th. Jefferies Group LLC set a $12.00 target price on shares of Marathon Oil Corporation and gave the company a hold rating in a research note on Tuesday, August 29th. Citigroup Inc. cut their target price on shares of Marathon Oil Corporation from $15.00 to $14.00 and set a neutral rating for the company in a research note on Friday, July 21st. Zacks Investment Research cut shares of Marathon Oil Corporation from a hold rating to a sell rating in a research report on Thursday, July 20th. Finally, Barclays PLC boosted their price objective on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the stock an equal weight rating in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company. Marathon Oil Corporation has an average rating of Hold and an average price target of $17.34.

Marathon Oil Corporation (MRO) opened at $14.52 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. 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 quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. analysts expect that Marathon Oil Corporation will post -0.4 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.38%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -7.81%.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Marathon Oil Corporation by 2.1% during the 2nd 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 in the last quarter. Macquarie Group Ltd. lifted its position in Marathon Oil Corporation by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after buying an additional 693,366 shares in the last quarter. State Street Corp lifted its position in Marathon Oil Corporation by 2.8% during the 2nd 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 in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Marathon Oil Corporation by 10.1% during the 3rd 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 in the last quarter. Finally, Franklin Resources Inc. lifted its position in Marathon Oil Corporation by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock worth $418,709,000 after buying an additional 172,691 shares in the last quarter. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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