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.

Marathon Oil (NYSE:MRO) opened at $15.51 on Friday. The company has a market cap of $13,040.00, a PE ratio of -6.06, a price-to-earnings-growth ratio of 3.96 and a beta of 2.34. Marathon Oil has a 12-month low of $10.55 and a 12-month high of $19.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

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.

Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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