Marathon Oil Corporation (MRO) Cut to “Neutral” at Citigroup Inc.

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.

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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.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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