Marathon Oil Co. (NYSE:MRO) – Investment analysts at Capital One Financial issued their Q1 2018 earnings per share estimates for shares of Marathon Oil in a report issued on Tuesday. Capital One Financial analyst P. Johnston forecasts that the oil and gas producer will post earnings per share of $0.12 for the quarter.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Jefferies Group upped their price target on Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Societe Generale raised Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Scotiabank set a $19.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Seaport Global Securities raised Marathon Oil from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.91.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. Marathon Oil’s dividend payout ratio is currently -2.40%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRO. Cerebellum GP LLC purchased a new stake in shares of Marathon Oil in the fourth quarter worth $117,000. FTB Advisors Inc. boosted its position in shares of Marathon Oil by 49.8% during the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after buying an additional 2,687 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Marathon Oil during the third quarter valued at $149,000. Valeo Financial Advisors LLC purchased a new stake in shares of Marathon Oil during the third quarter valued at $159,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Marathon Oil during the third quarter valued at $173,000. 80.52% of the stock is currently owned by hedge funds and other institutional investors.
Marathon Oil 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.
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