Investors Buy Marathon Oil (MRO) on Weakness
Traders bought shares of Marathon Oil Co. (NYSE:MRO) on weakness during trading on Friday. $101.99 million flowed into the stock on the tick-up and $24.85 million flowed out of the stock on the tick-down, for a money net flow of $77.14 million into the stock. Of all stocks tracked, Marathon Oil had the 30th highest net in-flow for the day. Marathon Oil traded down ($0.11) for the day and closed at $15.01
Several equities research analysts have recently commented on MRO shares. Piper Jaffray Companies set a $20.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Friday, August 25th. Jefferies Group set a $12.00 price target on Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, August 29th. 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. Barclays boosted their price target on Marathon Oil from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Finally, Citigroup lowered Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.56.
The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) EPS. research analysts expect that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.33%. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.
A number of institutional investors and hedge funds have recently modified their holdings of MRO. Janney Montgomery Scott LLC raised its holdings in Marathon Oil by 98.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 31,803 shares of the oil and gas producer’s stock valued at $377,000 after acquiring an additional 15,751 shares during the last quarter. Global X Management Co. LLC raised its holdings in Marathon Oil by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 14,430 shares of the oil and gas producer’s stock valued at $171,000 after acquiring an additional 1,846 shares during the last quarter. Arizona State Retirement System raised its holdings in Marathon Oil by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 210,814 shares of the oil and gas producer’s stock valued at $2,498,000 after acquiring an additional 1,100 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Marathon Oil in the 2nd quarter valued at $122,000. Finally, Deprince Race & Zollo Inc. raised its holdings in Marathon Oil by 42.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 126,360 shares of the oil and gas producer’s stock valued at $1,497,000 after acquiring an additional 37,850 shares during the last quarter. Institutional investors own 80.65% of the company’s stock.
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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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