Marathon Oil Corporation (MRO) To Go Ex-Dividend on November 14th
Marathon Oil Corporation (NYSE:MRO) declared a quarterly dividend on Wednesday, October 25th, RTT News reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.05 per share by the oil and gas producer on Monday, December 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, November 14th.
Marathon Oil Corporation has decreased its dividend by an average of 34.8% per year over the last three years. Marathon Oil Corporation has a payout ratio of -47.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Marathon Oil Corporation to earn ($0.20) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -100.0%.
Marathon Oil Corporation (MRO) opened at $15.75 on Thursday. Marathon Oil Corporation has a fifty-two week low of $10.55 and a fifty-two week high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted ($0.23) earnings per share. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. sell-side analysts expect that Marathon Oil Corporation will post -0.4 EPS for the current fiscal year.
Several research analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 target price on shares of Marathon Oil Corporation in a report on Tuesday. Zacks Investment Research upgraded shares of Marathon Oil Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday. Jefferies Group LLC raised their price target on shares of Marathon Oil Corporation from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Friday, November 3rd. Societe Generale upgraded shares of Marathon Oil Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley set a $15.00 price target on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $17.34.
About Marathon Oil Corporation
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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