Marathon Oil Co. to Post FY2017 Earnings of ($0.30) Per Share, Capital One Financial Forecasts (MRO)
Marathon Oil Co. (NYSE:MRO) – Investment analysts at Capital One Financial increased their FY2017 earnings estimates for shares of Marathon Oil in a report released on Tuesday. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will earn ($0.30) per share for the year, up from their prior forecast of ($0.33).
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday. Wolfe Research lowered shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Stifel Nicolaus set a $18.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, January 30th. Morgan Stanley boosted their price target on shares of Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Jefferies Group restated a “hold” rating and issued a $19.80 price target on shares of Marathon Oil in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.91.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. raised its stake in shares of Marathon Oil by 1.3% in the third quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after acquiring an additional 693,366 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Marathon Oil by 10.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after buying an additional 3,767,268 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Marathon Oil by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 7,985,274 shares of the oil and gas producer’s stock worth $108,279,000 after buying an additional 159,144 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Marathon Oil by 12.3% during the fourth quarter. Bank of New York Mellon Corp now owns 7,971,784 shares of the oil and gas producer’s stock worth $134,962,000 after buying an additional 874,640 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Marathon Oil during the third quarter worth approximately $81,114,000. 80.52% of the stock is owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is presently -7.81%.
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About Marathon Oil
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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