Latest Stocks: Marathon Oil Co. (MRO) Receives $19.50 Consensus Price Target from Analysts

Latest Stocks: Marathon Oil Co. (MRO) Receives $19.50 Consensus Price Target from Analysts

Marathon Oil Co. (NYSE:MRO) has earned an average recommendation of “Hold” from the twenty-eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, nine have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.40.

Several equities analysts have recently commented on the company. Royal Bank of Canada set a $20.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Friday. ValuEngine cut Marathon Oil from a “hold” rating to a “sell” rating in a research note on Friday. FBR & Co reiterated a “buy” rating and set a $20.00 target price on shares of Marathon Oil in a research note on Tuesday, May 23rd. Scotiabank set a $23.00 target price on Marathon Oil and gave the company a “buy” rating in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC cut Marathon Oil from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $16.00 in a research note on Wednesday, May 17th.

Several institutional investors have recently added to or reduced their stakes in MRO. BlackRock Inc. raised its position in Marathon Oil by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the period. Vanguard Group Inc. raised its position in Marathon Oil by 3.5% in the first quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock worth $1,340,940,000 after buying an additional 2,870,533 shares during the period. State Street Corp raised its position in Marathon Oil by 1.7% in the first quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer’s stock worth $769,660,000 after buying an additional 811,608 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Marathon Oil by 0.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock worth $766,613,000 after buying an additional 187,090 shares during the period. Finally, Boston Partners raised its position in Marathon Oil by 417.2% in the third quarter. Boston Partners now owns 37,738,524 shares of the oil and gas producer’s stock worth $596,646,000 after buying an additional 30,442,089 shares during the period. Institutional investors and hedge funds own 81.96% of the company’s stock. Shares of Marathon Oil (MRO) opened at 12.78 on Tuesday. Marathon Oil has a 12-month low of $12.22 and a 12-month high of $19.28. The stock has a 50 day moving average of $14.44 and a 200 day moving average of $16.15. The company’s market cap is $10.86 billion.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Marathon Oil had a negative return on equity of 4.91% and a negative net margin of 32.98%. Marathon Oil’s quarterly revenue was up 88.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.43) EPS. Analysts forecast that Marathon Oil will post ($0.19) earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Wednesday, May 17th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 15th. This represents a $0.20 annualized dividend and a yield of 1.56%. Marathon Oil’s dividend payout ratio is currently -9.26%.

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