Near term Outlook For Marathon Oil Corporation (NYSE:MRO)


The stock declined 0.34% or $0.21 reaching $62 per share.

Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions - Africa, Middle East, Europe and North America. During the last month, the stock has changed 5.63% and performed -1.43% over the last 6 months. The original version of this article can be accessed at

Marathon Oil Corporation (NYSE:MRO) attracted a lower number of shares in volume with 9.1 million contracts traded on 13-Nov-17. The monthly performance for Marathon Oil Corporation is 14.68% that leads to 3.17% in its yearly performance. Finally, HL Financial Services LLC lifted its stake in Marathon Petroleum Corporation by 12.9% in the third quarter.

As of quarter end Twin Capital Management Inc had bought 11,410 shares growing its position 20.1%.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The volume of MRO witnessed a shift from 9.1 million shares, based on a 50-day average, to 12.55 million shares. $60.53's average target is -2.68% below currents $62.2 stock price. The rating was maintained by RBC Capital Markets on Thursday, June 1 with "Buy". Marathon Oil Corporation's market capitalization will expectantly allow investors to gauge the growth versus the risk potentials.

Marathon Oil Corporation most recently reported earnings per share (EPS) of -$0.08 for the September 2017 versus -$0.11 in the same quarter previous year, representing -27% growth. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.58 earnings per share. State Street Corp increased its stake in Marathon Oil Corporation by 2.8% during the 2nd quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. First Citizens National Bank Company holds 0.07% or 10,832 shares. This dividend's record date is Nov 16, 2017 and the announcement date is Oct 25, 2017. This represents a $0.20 annualized dividend and a dividend yield of 1.29%.

Several brokerages have issued reports on MPC.

Credit Capital Investments Llc holds 12.41% of its portfolio in Tronox Ltd for 616,647 shares. Marathon Petroleum Corporation has a consensus rating of "Buy" and a consensus target price of $64.00. Putnam Invests Ltd Llc has invested 0.03% in Marathon Petroleum Corp (NYSE:MPC).

October 19 investment analysts at Jefferies Group LLC held the company rating at "Hold" projecting a price of $14.00. They noted that the move was a valuation call. The stock of Marathon Petroleum Corp (NYSE:MPC) earned "Sell" rating by UBS on Thursday, May 19. Of the analysts surveyed by Reuters that track Marathon Oil Corporation 13 of them rate its stock a hold. If you are reading this article on another domain, it was stolen and republished in violation of US & global copyright and trademark laws.

Analysts await CTS Corporation (NYSE:CTS) to report earnings on February, 6.

In related news, insider Anthony R. Kenney sold 77,578 shares of the company's stock in a transaction on Monday, November 6th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The insider Palmer C. Michael sold 4,568 shares worth $237,696. The stock closing price is now trading upward to its 50 day moving average with change of 9.53%, escalated to its 20 day moving average with figure of 4.62% and above its 200 day moving average with value 16.88%.