Piper Jaffray Companies reissued their overweight rating on shares of Marathon Oil (NYSE:MRO) in a report issued on Friday, September 28th, Marketbeat reports.
Several other analysts have also recently issued reports on the company. ValuEngine upgraded Marathon Oil from a hold rating to a buy rating in a research report on Thursday, September 27th. Morgan Stanley raised their price target on Marathon Oil from $23.00 to $24.00 and gave the company a hold rating in a report on Wednesday, September 26th. Royal Bank of Canada set a $27.00 price objective on Marathon Oil and gave the company a hold rating in a research note on Thursday, September 20th. Seaport Global Securities reaffirmed a buy rating on shares of Marathon Oil in a research note on Friday, September 7th. Finally, Stifel Nicolaus set a $21.00 price objective on Marathon Oil and gave the company a hold rating in a research note on Wednesday, August 29th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $22.59.
MRO stock opened at $22.88 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51. Marathon Oil has a fifty-two week low of $13.28 and a fifty-two week high of $24.20. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of -60.21, a PEG ratio of 1.96 and a beta of 2.39.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned ($0.24) EPS. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. On average, equities analysts predict that Marathon Oil will post 0.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.20 annualized dividend and a yield of 0.87%. Marathon Oil’s payout ratio is presently -52.63%.
In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the business’s stock in a transaction dated 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 sale, 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 SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Marathon Oil by 1.3% in the 2nd quarter. BlackRock Inc. now owns 68,516,539 shares of the oil and gas producer’s stock worth $1,429,255,000 after purchasing an additional 873,896 shares during the period. Millennium Management LLC raised its holdings in shares of Marathon Oil by 17.0% during the first quarter. Millennium Management LLC now owns 21,759,825 shares of the oil and gas producer’s stock valued at $350,986,000 after acquiring an additional 3,163,372 shares during the last quarter. Boston Partners raised its holdings in shares of Marathon Oil by 474.2% during the second quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock valued at $422,312,000 after acquiring an additional 16,719,492 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Marathon Oil by 3.0% during the second quarter. Northern Trust Corp now owns 11,489,580 shares of the oil and gas producer’s stock valued at $239,673,000 after acquiring an additional 335,262 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Marathon Oil by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 8,886,008 shares of the oil and gas producer’s stock valued at $185,354,000 after acquiring an additional 904,437 shares during the last quarter. 80.62% 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.
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