Equities researchers at R. F. Lafferty assumed coverage on shares of Marathon Oil Corp. (NYSE:MRO) in a research note issued to investors on Monday. The firm set a “buy” rating and a $29.00 price target on the stock. R. F. Lafferty’s target price points to a potential upside of 78.13% from the company’s current price.
MRO has been the topic of a number of other reports. Bank of America Corp. upgraded Marathon Oil Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.90 to $21.00 in a research report on Tuesday, August 16th. Canaccord Genuity restated a “hold” rating and set a $16.00 price objective on shares of Marathon Oil Corp. in a research report on Thursday, November 3rd. Susquehanna assumed coverage on Marathon Oil Corp. in a research report on Friday, November 18th. They set a “neutral” rating and a $17.00 price objective on the stock. Deutsche Bank AG restated a “buy” rating on shares of Marathon Oil Corp. in a research report on Friday, November 4th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $20.00 price objective on shares of Marathon Oil Corp. in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Marathon Oil Corp. has a consensus rating of “Hold” and a consensus target price of $17.67.
Shares of Marathon Oil Corp. (NYSE:MRO) traded down 0.2856% during midday trading on Monday, hitting $16.2335. 4,913,327 shares of the company were exchanged. The company’s 50 day moving average price is $14.78 and its 200 day moving average price is $14.52. Marathon Oil Corp. has a one year low of $6.52 and a one year high of $17.86. The firm’s market cap is $13.75 billion.
Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. The company earned $1.23 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities analysts expect that Marathon Oil Corp. will post ($0.91) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio is currently -9.26%.
Large investors have recently added to or reduced their stakes in the company. Welch Group LLC acquired a new stake in Marathon Oil Corp. during the third quarter worth approximately $7,352,000. Todd Asset Management LLC acquired a new stake in Marathon Oil Corp. during the third quarter worth approximately $257,000. Global X Management Co. LLC raised its stake in Marathon Oil Corp. by 89.6% in the third quarter. Global X Management Co. LLC now owns 6,683 shares of the company’s stock worth $106,000 after buying an additional 3,158 shares in the last quarter. I.G. Investment Management LTD. acquired a new stake in Marathon Oil Corp. during the second quarter worth approximately $101,000. Finally, Integrated Investment Consultants LLC raised its stake in Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock worth $106,000 after buying an additional 2,234 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors.
Marathon Oil Corp. Company Profile