Citigroup Inc. downgraded shares of Marathon Oil Corporation (NYSE:MRO) from a buy rating to a neutral rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have $14.00 price objective on the oil and gas producer’s stock.
MRO has been the subject of a number of other reports. BMO Capital Markets reissued a hold rating and set a $18.00 price objective on shares of Marathon Oil Corporation in a report on Tuesday, November 7th. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a buy rating in a report on Wednesday, October 4th. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the stock a hold rating in a report on Thursday, October 5th. Zacks Investment Research lowered Marathon Oil Corporation from a buy rating to a hold rating in a report on Thursday. Finally, Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation and gave the stock a buy rating in a report on Friday, August 25th. Three investment 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 presently has a consensus rating of Hold and a consensus target price of $17.34.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at $15.62 on Thursday. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28. 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 (NYSE:MRO) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) EPS. analysts anticipate that Marathon Oil Corporation will post -0.4 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Marathon Oil Corporation (MRO) Cut to “Neutral” at Citigroup Inc.” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/12/marathon-oil-corporation-mro-cut-to-neutral-at-citigroup-inc.html.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.28%. Marathon Oil Corporation’s payout ratio is -2.40%.
Several large investors have recently bought and sold shares of MRO. Integrated Investment Consultants LLC lifted its position in shares of Marathon Oil Corporation by 33.8% during the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Marathon Oil Corporation during the second quarter worth $122,000. JFS Wealth Advisors LLC lifted its position in shares of Marathon Oil Corporation by 27.6% during the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of Marathon Oil Corporation during the second quarter worth $149,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Marathon Oil Corporation during the second quarter worth $150,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.
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.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.