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
→ Know your profit potential BEFORE you trade! (From Tradewins)
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
(Get a rating)
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
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Marathon Oil, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Marathon Oil didn’t make the list.
Although Marathon Oil currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
Elon Musk’s next move
Wondering when you can finally invest in SpaceX, StarLink or The Boring Company? Click the link below to find out when Elon Musk will finally let these companies go public.
Get this free report