Today, Marathon Oil Corp. (MRO) Rating Decreased to Hold at Vetr Inc.

Today, Marathon Oil Corp. (MRO) Rating Decreased to Hold at Vetr Inc.
Marathon Oil Corp. (NYSE:MRO) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $16.67 target price on the stock. Vetr‘s price target indicates a potential downside of 0.66% from the stock’s previous close.

Several other research analysts also recently weighed in on MRO. Zacks Investment Research downgraded shares of Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Jefferies Group reissued a “buy” rating on shares of Marathon Oil Corp. in a research note on Thursday, August 4th. Barclays PLC boosted their target price on shares of Marathon Oil Corp. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, August 8th. Simmons reissued an “overweight” rating on shares of Marathon Oil Corp. in a research note on Thursday, August 11th. Finally, Bank of America Corp. raised shares of Marathon Oil Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.90 to $21.00 in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.13.

Marathon Oil Corp. (NYSE:MRO) traded down 3.40% on Monday, hitting $16.21. 6,201,461 shares of the stock traded hands. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $18.00. The firm’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.48. The stock’s market cap is $13.73 billion.

Marathon Oil Corp. (NYSE:MRO) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate 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 earned $1.23 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted ($0.20) EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Marathon Oil Corp. will post ($0.91) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio (DPR) is currently -9.26%.

Several institutional investors have recently added to or reduced their stakes in MRO. Macquarie Group Ltd. raised its stake in Marathon Oil Corp. by 0.5% in the second quarter. Macquarie Group Ltd. now owns 21,983,380 shares of the company’s stock valued at $329,971,000 after buying an additional 110,766 shares in the last quarter. Legal & General Group Plc raised its stake in Marathon Oil Corp. by 24.2% in the first quarter. Legal & General Group Plc now owns 4,307,537 shares of the company’s stock valued at $47,972,000 after buying an additional 839,979 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in Marathon Oil Corp. by 15.7% in the second quarter. Hermes Investment Management Ltd. now owns 2,202,572 shares of the company’s stock valued at $33,061,000 after buying an additional 298,500 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in Marathon Oil Corp. during the second quarter valued at about $2,948,000. Finally, British Columbia Investment Management Corp raised its stake in Marathon Oil Corp. by 11.6% in the second quarter. British Columbia Investment Management Corp now owns 382,468 shares of the company’s stock valued at $5,741,000 after buying an additional 39,861 shares in the last quarter. Institutional investors own 83.91% 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.

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