Marathon Oil Corporation (MRO) Cut to “Buy” at Vetr Inc.

Vetr downgraded shares of Marathon Oil Corporation (NYSE:MRO) from a strong-buy rating to a buy rating in a report released on Monday. The firm currently has $14.22 target price on the oil and gas producer’s stock.

Several other research analysts have also issued reports on MRO. Scotiabank set a $21.00 price target on Marathon Oil Corporation and gave the stock a buy rating in a research report on Saturday, May 6th. Morgan Stanley upgraded Marathon Oil Corporation from an underweight rating to an equal weight rating and reduced their price target for the stock from $17.00 to $14.00 in a research report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price target on Marathon Oil Corporation and gave the stock a hold rating in a research report on Saturday, June 24th. BMO Capital Markets restated a hold rating and issued a $17.00 price target on shares of Marathon Oil Corporation in a research report on Thursday, April 13th. Finally, Stifel Nicolaus initiated coverage on Marathon Oil Corporation in a research report on Wednesday, April 12th. They issued a hold rating and a $17.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $17.30.

Marathon Oil Corporation (NYSE MRO) opened at 12.20 on Monday. The stock’s market cap is $10.37 billion. The firm has a 50-day moving average price of $11.88 and a 200 day moving average price of $14.35. Marathon Oil Corporation has a 52-week low of $11.20 and a 52-week high of $19.28. Marathon Oil Corporation also was the recipient of some unusual options trading on Monday. Investors bought 1,294 call options on the company. This represents an increase of 127% compared to the typical daily volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.23) earnings per share. Equities analysts anticipate that Marathon Oil Corporation will post ($0.40) earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is -2.55%.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares in the last quarter. Vanguard Group Inc. increased its stake in Marathon Oil Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock worth $1,340,940,000 after buying an additional 2,870,533 shares in the last quarter. State Street Corp increased its stake in Marathon Oil Corporation by 1.7% in the first quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer’s stock worth $769,660,000 after buying an additional 811,608 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Marathon Oil Corporation by 0.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock worth $766,613,000 after buying an additional 187,090 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Marathon Oil Corporation by 8.9% in the first quarter. Geode Capital Management LLC now owns 8,359,359 shares of the oil and gas producer’s stock worth $131,890,000 after buying an additional 679,869 shares in the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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