Analysts at R. F. Lafferty assumed coverage on shares of Marathon Oil Corp. (NYSE:MRO) in a report issued 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 previous close.
Several other research analysts have also weighed in on MRO. Zacks Investment Research lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating on shares of Marathon Oil Corp. in a report on Thursday, August 4th. Barclays PLC lifted their target price on Marathon Oil Corp. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. Simmons reiterated an “overweight” rating on shares of Marathon Oil Corp. in a report on Thursday, August 11th. Finally, Bank of America Corp. upgraded Marathon Oil Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.90 to $21.00 in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.67.
Shares of Marathon Oil Corp. (NYSE:MRO) traded down 0.61% on Monday, reaching $16.18. The company had a trading volume of 5,127,574 shares. The firm’s market capitalization is $13.71 billion. Marathon Oil Corp. has a 12 month low of $6.52 and a 12 month high of $17.86. The company’s 50-day moving average is $14.78 and its 200 day moving average is $14.52.
Marathon Oil Corp. (NYSE:MRO) last announced its quarterly earnings data 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 business earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities analysts forecast that Marathon Oil Corp. will post ($0.91) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors 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 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%.
A number of large investors have recently modified their holdings of MRO. British Columbia Investment Management Corp increased its stake in shares of 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 worth $5,741,000 after buying an additional 39,861 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Marathon Oil Corp. by 14.9% in the second quarter. Raymond James Trust N.A. now owns 17,653 shares of the company’s stock valued at $265,000 after buying an additional 2,295 shares during the last quarter. Integrated Investment Consultants LLC boosted 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 valued at $106,000 after buying an additional 2,234 shares during the last quarter. First American Trust FSB acquired a new stake in Marathon Oil Corp. during the second quarter valued at $2,700,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Marathon Oil Corp. by 16.8% in the second quarter. BNP Paribas Arbitrage SA now owns 210,491 shares of the company’s stock valued at $3,159,000 after buying an additional 30,284 shares during the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.
Marathon Oil Corp. Company Profile