The Vetr Inc. Downgraded Marathon Oil Corp. (MRO) to Buy

Marathon Oil Corp. logoMarathon Oil Corp. (NYSE:MRO) was downgraded by equities researchers at Vetr from a “strong-buy” score to a “buy” score in a badysis report issued on Tuesday. They at present have a $16.50 value goal on the inventory. Vetr‘s price objective would indicate a potential upside of 5.63% from the company’s earlier shut.

MRO has been the subject of a number of different experiences. Bank of America Corp. raised shares of Marathon Oil Corp. from a “neutral” score to a “buy” score and raised their value goal for the inventory from $14.90 to $21.00 in a badysis report on Tuesday, August 16th. Canaccord Genuity reissued a “hold” score and set a $16.00 value goal on shares of Marathon Oil Corp. in a badysis report on Thursday, November third. Deutsche Bank AG reissued a “buy” score on shares of Marathon Oil Corp. in a badysis report on Friday, November 4th. Credit Suisse Group AG reissued a “hold” score and set a $20.00 value goal on shares of Marathon Oil Corp. in a badysis report on Friday, November 4th. Finally, Barclays PLC downgraded shares of Marathon Oil Corp. from an “overweight” score to an “equal weight” score and lowered their value goal for the inventory from $18.00 to $17.00 in a badysis report on Monday, October 17th. One funding badyst has rated the inventory with a promote score, fifteen have issued a maintain score, 9 have badigned a purchase score and two have badigned a powerful purchase score to the corporate’s inventory. Marathon Oil Corp. at present has a median score of “Hold” and a median goal value of $17.12.

Analyst Recommendations for Marathon Oil Corp. (NYSE:MRO)

Marathon Oil Corp. (NYSE:MRO) traded up 1.03% on Tuesday, hitting $15.62. 13,993,762 shares of the corporate traded arms. The inventory’s market cap is $13.23 billion. The inventory’s 50-day shifting common is $14.66 and its 200 day shifting common is $14.33. Marathon Oil Corp. has a 12 month low of $6.52 and a 12 month excessive of $18.72.

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Marathon Oil Corp. (NYSE:MRO) final introduced its quarterly earnings outcomes on Wednesday, November 2nd. The firm reported ($zero.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($zero.20) by $zero.09. Marathon Oil Corp. had a adverse internet margin of 32.98% and a adverse return on fairness of four.91%. The agency had income of $1.23 billion for the quarter, in comparison with badyst estimates of $1.10 billion. During the identical interval final yr, the enterprise earned ($zero.20) EPS. Marathon Oil Corp.’s income for the quarter was down 7.1% in comparison with the identical quarter final yr. Equities badysis badysts anticipate that Marathon Oil Corp. will submit ($zero.91) earnings per share for the present fiscal yr.

The enterprise additionally just lately introduced a quarterly dividend, which will probably be paid on Monday, December 12th. Investors of file on Wednesday, November 16th will probably be issued a $zero.05 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $zero.20 dividend on an annualized foundation and a yield of 1.28%. Marathon Oil Corp.’s payout ratio is -9.26%.

A lot of giant buyers have just lately added to or diminished their stakes within the inventory. Ladenburg Thalmann Financial Services Inc. elevated its stake in Marathon Oil Corp. by 115.zero% within the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 87,102 shares of the corporate’s inventory valued at $962,000 after shopping for a further 46,588 shares within the final quarter. Squarepoint Ops LLC elevated its stake in Marathon Oil Corp. by 196.7% within the first quarter. Squarepoint Ops LLC now owns 165,395 shares of the corporate’s inventory valued at $1,843,000 after shopping for a further 109,657 shares within the final quarter. Seven Eight Capital LLC acquired a brand new stake in Marathon Oil Corp. throughout the first quarter valued at about $534,000. Arizona State Retirement System elevated its stake in Marathon Oil Corp. by 18.three% within the first quarter. Arizona State Retirement System now owns 228,714 shares of the corporate’s inventory valued at $2,548,000 after shopping for a further 35,400 shares within the final quarter. Finally, Babson Capital Management LLC acquired a brand new stake in Marathon Oil Corp. throughout the first quarter valued at about $1,729,000. Hedge funds and different institutional buyers personal 80.34% of the corporate’s inventory.

About Marathon Oil Corp.

Marathon Oil Corporation is an exploration and manufacturing firm with operations in North America, Europe and Africa. The Company operates by way of 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 section explores for, produces and markets crude oil and condensate, pure fuel liquids (NGLs) and pure fuel in North America.

5 Day Chart for NYSE:MRO


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