Marathon Oil Co. (NYSE:MRO) shares traded up 5.7% on Thursday . The stock traded as high as $16.99 and last traded at $16.80. 20,832,737 shares were traded during mid-day trading, an increase of 63% from the average session volume of 12,786,802 shares. The stock had previously closed at $15.89.
Several research analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating and issued a $19.80 price objective on shares of Marathon Oil in a research note on Friday, January 19th. JPMorgan Chase set a $20.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, January 17th. UBS assumed coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 price objective on the stock. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. Marathon Oil has an average rating of “Hold” and a consensus target price of $18.33.
The company has a market capitalization of $14,275.90, a P/E ratio of -42.74, a price-to-earnings-growth ratio of 3.29 and a beta of 2.30. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business posted ($0.10) EPS. Marathon Oil’s quarterly revenue was up 23.0% on a year-over-year basis. equities research analysts forecast that Marathon Oil Co. will post 0.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. Marathon Oil’s payout ratio is presently -52.63%.
A number of large investors have recently bought and sold shares of MRO. Cerebellum GP LLC acquired a new position in Marathon Oil in the 4th quarter valued at $117,000. Pin Oak Investment Advisors Inc. acquired a new position in Marathon Oil in the 4th quarter valued at $118,000. FTB Advisors Inc. grew its stake in Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after buying an additional 2,687 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Marathon Oil in the 3rd quarter valued at $149,000. Finally, Valeo Financial Advisors LLC acquired a new position in Marathon Oil in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 81.23% 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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