Shares of Marathon Oil Co. (NYSE:MRO) have received a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $23.77.
Several analysts recently issued reports on the company. Seaport Global Securities reiterated a “buy” rating on shares of Marathon Oil in a research report on Friday, September 7th. JPMorgan Chase & Co. set a $23.00 target price on Marathon Oil and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. MKM Partners assumed coverage on Marathon Oil in a research report on Wednesday. They set a “buy” rating and a $26.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Marathon Oil in a research report on Monday, November 26th.
Shares of NYSE:MRO traded down $0.17 during trading on Friday, hitting $16.05. 21,692,595 shares of the company’s stock were exchanged, compared to its average volume of 12,452,449. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46. Marathon Oil has a 52-week low of $14.27 and a 52-week high of $24.20. The stock has a market capitalization of $13.98 billion, a P/E ratio of -42.24, a P/E/G ratio of 2.36 and a beta of 2.42.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted ($0.08) earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. On average, research analysts predict that Marathon Oil will post 0.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 20th. Marathon Oil’s dividend payout ratio is presently -52.63%.
In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the transaction, the vice president now owns 394,569 shares in the company, valued at approximately $8,163,632.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.
Several large investors have recently bought and sold shares of MRO. First Mercantile Trust Co. bought a new stake in shares of Marathon Oil in the 2nd quarter valued at approximately $111,000. Vectors Research Management LLC bought a new stake in shares of Marathon Oil in the 3rd quarter valued at approximately $125,000. Centaurus Financial Inc. bought a new stake in shares of Marathon Oil in the 2nd quarter valued at approximately $133,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Marathon Oil in the 2nd quarter valued at approximately $133,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Marathon Oil in the 3rd quarter valued at approximately $134,000. 81.24% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Balance Sheet
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