Marathon Oil (NYSE:MRO – Get Rating) will release quarterly earnings data after market close on Wednesday, February 15. Analysts expect the company to report earnings of $0.90 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Marathon Oil Stock Performance
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Marathon Oil stock opened Wednesday at $26.87. The company has a 50-day moving average price of $27.30 and a 200-day moving average price of $27.01. The company has a debt ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.08. Marathon Oil has a fifty-two week low of $19.42 and a fifty-two week high of $33.42. The company has a market capitalization of $17.01 billion, a PE ratio of 5.16, a P/E/G ratio of 0.31 and a beta of 2.40.
Marathon Oil increases its dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 10. Shareholders of record on Wednesday, February 15 will receive a dividend of $0.10 per share. This represents an annualized dividend of $0.40 and a dividend yield of 1.49%. The ex-dividend date is Tuesday, February 14. This is an increase from Marathon Oil’s previous quarterly dividend of $0.09. Marathon Oil’s payout ratio is currently 6.91%.
A Wall Street analyst gives his opinion
Several analysts have recently weighed in on MRO stocks. Raymond James raised his price target on Marathon Oil shares from $37.00 to $48.00 and gave the company a “strong buy” rating in a Monday, November 28 research note. Royal Bank of Canada raised its price target on Marathon Oil shares from $35.00 to $38.00 and gave the company an “outperform” rating in a Monday, Nov. 7 research note. Wells Fargo & Company began covering Marathon Oil shares in a research note on Tuesday, January 24. They set an “overweight” rating and a price target of $41.00 for the company. Morgan Stanley downgraded Marathon Oil shares from a “weighted” to an “overweight” rating and raised its price target for the stock from $27.00 to $28.00 in a research note from the Tuesday, January 24. Finally, Goldman Sachs Group raised its price target on Marathon Oil shares from $27.00 to $30.00 and gave the stock a “sell” rating in a Wednesday, November 23 research note. . Two investment analysts gave the stock a sell rating, six issued a hold rating, ten issued a buy rating and one issued a strong buy rating for the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.88.
Hedge funds weigh on Marathon Oil
A number of large investors have recently changed their positions in MRO. TradeLink Capital LLC acquired a new position in shares of Marathon Oil during the first quarter worth $781,000. DA Davidson & CO. bought a new stake in shares of Marathon Oil during the first quarter at a value of $209,000. Great West Life Assurance Co. Can increased its holdings of Marathon Oil shares by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 160,065 shares of the oil and gas producer valued at $4,192,000 after buying an additional 10,388 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Marathon Oil during the first quarter at a value of $206,000. Finally, Cibc World Market Inc. increased its holdings of Marathon Oil shares by 7.4% in the first quarter. Cibc World Market Inc. now owns 187,679 shares of the oil and gas producer valued at $4,713,000 after buying an additional 12,859 shares in the last quarter. 77.30% of the shares are held by institutional investors and hedge funds.
About Marathon Oil
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Marathon Oil Corp. is engaged in the exploration, production and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (US) and International. The USA segment is engaged in the exploration, development and production of oil and gas in the United States
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