Vetr Inc. Downgrades Marathon Oil Corp. (MRO) to Sell
Marathon Oil Corp. (NYSE:MRO) was downgraded by equities researchers at Vetr from a “buy” rating to a “sell” rating in a note issued to investors on Wednesday. They presently have a $16.75 price target on the stock. Vetr‘s price target points to a potential downside of 7.25% from the stock’s previous close.
Several other research firms have also recently weighed in on MRO. Credit Suisse Group AG cut Marathon Oil Corp. from an “outperform” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, September 12th. Bank of America Corp. set a $21.00 price objective on Marathon Oil Corp. and gave the stock a “buy” rating in a research report on Thursday, September 8th. Seaport Global Securities cut Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, August 30th. Societe Generale cut Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Finally, Barclays PLC boosted their price objective on Marathon Oil Corp. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, September 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Marathon Oil Corp. currently has a consensus rating of “Hold” and an average target price of $17.67.
Marathon Oil Corp. (NYSE:MRO) traded up 20.80% during mid-day trading on Wednesday, reaching $18.06. The company had a trading volume of 74,592,364 shares. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $18.55. The stock has a 50 day moving average price of $14.85 and a 200-day moving average price of $14.62. The stock’s market capitalization is $15.30 billion.
Marathon Oil Corp. (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.09. Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The business’s revenue was down 7.1% on a year-over-year basis. Equities analysts anticipate that Marathon Oil Corp. will post ($0.91) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.11%. Marathon Oil Corp.’s dividend payout ratio is currently -9.26%.
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A number of institutional investors have recently made changes to their positions in MRO. Welch Group LLC purchased a new position in shares of Marathon Oil Corp. during the third quarter valued at approximately $7,352,000. Todd Asset Management LLC purchased a new position in shares of Marathon Oil Corp. during the third quarter valued at approximately $257,000. Global X Management Co. LLC raised its position in shares of Marathon Oil Corp. by 89.6% in the third quarter. Global X Management Co. LLC now owns 6,683 shares of the company’s stock valued at $106,000 after buying an additional 3,158 shares during the period. I.G. Investment Management LTD. purchased a new position in shares of Marathon Oil Corp. during the second quarter valued at approximately $101,000. Finally, Integrated Investment Consultants LLC raised its position in shares of Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock valued at $106,000 after buying an additional 2,234 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.
Marathon Oil Corp. Company Profile
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
To view Vetr’s full report, visit Vetr’s official website.
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