Marathon Oil Corporation (MRO) Given Consensus Recommendation of “Hold” by Analysts
Marathon Oil Corporation (NYSE:MRO) has earned a consensus recommendation of “Hold” from the twenty-eight analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.06.
Several research firms have recently issued reports on MRO. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price target on shares of Marathon Oil Corporation in a research report on Thursday, October 19th. Morgan Stanley set a $15.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, October 18th. Barclays PLC boosted their price target on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $17.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $16.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, October 11th.
A number of hedge funds have recently added to or reduced their stakes in MRO. Integrated Investment Consultants LLC grew its stake in Marathon Oil Corporation by 33.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Marathon Oil Corporation in the 2nd quarter worth approximately $122,000. JFS Wealth Advisors LLC grew its stake in Marathon Oil Corporation by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new position in Marathon Oil Corporation in the 2nd quarter worth approximately $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Marathon Oil Corporation in the 2nd quarter worth approximately $150,000. 80.90% of the stock is owned by institutional investors and hedge funds.
Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned ($0.23) EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts forecast that Marathon Oil Corporation will post ($0.41) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.48%. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.
TRADEMARK VIOLATION WARNING: “Marathon Oil Corporation (MRO) Given Consensus Recommendation of “Hold” by Analysts” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/26/marathon-oil-corporation-mro-given-consensus-recommendation-of-hold-by-analysts.html.
Marathon Oil Corporation Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.