Marathon Oil (MRO) Shares Gap Down to $16.82

Shares of Marathon Oil Co. (NYSE:MRO) gapped down before the market opened on Thursday . The stock had previously closed at $17.36, but opened at $16.82. Marathon Oil shares last traded at $16.22, with a volume of 19268385 shares traded.

A number of analysts have weighed in on MRO shares. Morgan Stanley decreased their price objective on Marathon Oil from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. Stifel Nicolaus set a $21.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, August 29th. BMO Capital Markets set a $22.00 price objective on Marathon Oil and gave the stock a “buy” rating in a research report on Monday, November 12th. Barclays set a $25.00 price objective on Marathon Oil and gave the stock a “buy” rating in a research report on Friday, October 26th. Finally, MKM Partners started coverage on Marathon Oil in a research report on Wednesday. They set a “buy” rating and a $26.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $23.65.

The company has a market capitalization of $13.98 billion, a PE ratio of -44.11, a P/E/G ratio of 2.36 and a beta of 2.42. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. Analysts anticipate that Marathon Oil Co. will post 0.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio (DPR) is -52.63%.

In other news, VP Thomas Mitchell Little sold 117,333 shares of the 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 directly owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Vectors Research Management LLC purchased a new position in Marathon Oil in the 3rd quarter valued at approximately $125,000. Centaurus Financial Inc. acquired a new stake in shares of Marathon Oil during the second quarter worth $133,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Marathon Oil during the second quarter worth $133,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Marathon Oil during the third quarter worth $134,000. Finally, Stelac Advisory Services LLC acquired a new stake in shares of Marathon Oil during the third quarter worth $138,000. 81.24% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Marathon Oil (MRO) Shares Gap Down to $16.82” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/12/07/marathon-oil-mro-shares-gap-down-to-16-82.html.

Marathon Oil Company Profile (NYSE:MRO)

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: How does a reverse stock split work?

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply