Bank of America upgraded shares of Marathon Oil (NYSE:MRO) from a neutral rating to a buy rating in a research note published on Thursday, MarketBeat.com reports. They currently have $21.00 price objective on the oil and gas producer’s stock.
A number of other analysts have also recently issued reports on the company. Atlantic Securities upgraded Marathon Oil from a neutral rating to an overweight rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Marathon Oil from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Monday, November 6th. Barclays upped their price target on Marathon Oil from $11.00 to $13.00 and gave the company an equal weight rating in a research report on Wednesday, October 11th. Citigroup cut Marathon Oil from a buy rating to a neutral rating and set a $14.00 price target on the stock. in a research report on Thursday, November 9th. Finally, Scotiabank set a $19.00 price target on Marathon Oil and gave the company a buy rating in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. Marathon Oil presently has a consensus rating of Hold and an average price target of $16.51.
Marathon Oil (NYSE:MRO) traded down $0.23 on Thursday, hitting $17.89. The stock had a trading volume of 11,740,784 shares, compared to its average volume of 11,910,000. The company has a market capitalization of $15,200.00, a PE ratio of -6.99 and a beta of 2.38. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil has a 1-year low of $10.55 and a 1-year high of $18.17.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. analysts anticipate that Marathon Oil will post -0.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, November 14th. Marathon Oil’s payout ratio is presently -7.81%.
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Marathon Oil by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after purchasing an additional 1,341,589 shares during the last quarter. Wealthfront Inc. grew its holdings in shares of Marathon Oil by 316.1% during the second quarter. Wealthfront Inc. now owns 77,055 shares of the oil and gas producer’s stock worth $913,000 after purchasing an additional 58,536 shares during the last quarter. Swiss National Bank grew its holdings in shares of Marathon Oil by 2.8% during the second quarter. Swiss National Bank now owns 3,086,597 shares of the oil and gas producer’s stock worth $36,576,000 after purchasing an additional 84,600 shares during the last quarter. Wendell David Associates Inc. bought a new stake in shares of Marathon Oil during the third quarter worth $600,000. Finally, State Street Corp grew its holdings in shares of Marathon Oil 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 purchasing an additional 1,350,863 shares during the last quarter. Institutional investors own 80.34% of the company’s stock.
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Marathon Oil 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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