Marathon Oil Co. (NYSE:MRO) shares were down 0.5% during mid-day trading on Tuesday . The company traded as low as $20.25 and last traded at $20.57. Approximately 695,053 shares were traded during trading, a decline of 94% from the average daily volume of 11,625,018 shares. The stock had previously closed at $20.47.
A number of research analysts have recently issued reports on MRO shares. Tudor Pickering upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Friday, June 8th. ValuEngine upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Stifel Nicolaus set a $18.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a report on Monday, April 23rd. Royal Bank of Canada set a $21.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a report on Friday, April 13th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $20.00 price objective on shares of Marathon Oil in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. Marathon Oil currently has a consensus rating of “Hold” and a consensus price target of $18.95.
The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -54.11, a PEG ratio of 1.70 and a beta of 2.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 1.52.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. Marathon Oil had a negative net margin of 7.56% and a negative return on equity of 0.50%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 61.7% compared to the same quarter last year. analysts forecast that Marathon Oil Co. will post 0.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Wednesday, May 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, May 15th. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.
In related news, insider Lee M. Tillman sold 400,000 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $21.65, for a total transaction of $8,660,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRO. Millennium Management LLC boosted its stake in Marathon Oil by 82.1% in the fourth quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock valued at $314,838,000 after acquiring an additional 8,385,155 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Marathon Oil in the fourth quarter valued at about $63,616,000. Prudential Financial Inc. boosted its stake in Marathon Oil by 254.5% in the first quarter. Prudential Financial Inc. now owns 4,293,509 shares of the oil and gas producer’s stock valued at $69,254,000 after acquiring an additional 3,082,361 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Marathon Oil by 4,031.1% in the first quarter. Allianz Asset Management GmbH now owns 2,085,073 shares of the oil and gas producer’s stock valued at $33,633,000 after acquiring an additional 2,034,601 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Marathon Oil by 903.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 1,781,062 shares of the oil and gas producer’s stock valued at $30,152,000 after acquiring an additional 1,603,485 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.
Marathon Oil Company Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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