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.
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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.
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