Marathon Oil Co. (NYSE:MRO) – Analysts at Capital One Financial increased their FY2017 earnings per share estimates for Marathon Oil in a research note issued on Tuesday. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of ($0.30) per share for the year, up from their prior estimate of ($0.33).
A number of other research analysts have also recently issued reports on MRO. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research cut shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a $18.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a research note on Tuesday, January 30th. BMO Capital Markets reiterated a “hold” rating and issued a $21.00 target price on shares of Marathon Oil in a research note on Thursday, January 11th. Finally, Jefferies Group reiterated a “hold” rating and issued a $19.80 target price on shares of Marathon Oil in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.91.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. grew its holdings in Marathon Oil by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after acquiring an additional 693,366 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Marathon Oil by 10.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after acquiring an additional 3,767,268 shares during the period. Dimensional Fund Advisors LP grew its holdings in Marathon Oil by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock worth $108,279,000 after acquiring an additional 159,144 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Marathon Oil during the 3rd quarter worth $81,114,000. Finally, Legal & General Group Plc grew its holdings in Marathon Oil by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 5,059,400 shares of the oil and gas producer’s stock worth $68,590,000 after acquiring an additional 53,417 shares during the period. 80.52% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is presently -2.40%.
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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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