Barclays PLC Reaffirms Hold Rating for Marathon Oil Co. (MRO)
- Author: Neal Todd May 22, 2017,
May 22, 2017, 2:23
(NYSE:MRO) from a buy rating to a strong-buy rating in a research note published on Friday, April 14th. The institutional investor owned 204,066 shares of the oil and gas company's stock after selling 23,999 shares during the period.
Other analysts also recently issued reports about the stock. Finally, Citigroup Inc reaffirmed a "buy" rating and set a $67.00 price target (down from $68.50) on shares of Marathon Petroleum Corp in a report on Saturday, April 22nd. Jefferies Group LLC reissued a "buy" rating and set a $61.00 price objective on shares of Marathon Petroleum Corp in a research note on Wednesday, April 19th. Marathon Petroleum Corp presently has a consensus rating of Buy and a consensus target price of $56.29. Credit Suisse Group AG reissued a "buy" rating and set a $63.00 price objective on shares of Marathon Petroleum Corp in a research note on Sunday, February 5th.
Analysts have a mean recommendation of 1.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, Barclays PLC reduced their target price on Marathon Petroleum Corp from $68.00 to $62.00 and set an "overweight" rating for the company in a report on Thursday, February 2nd.
The company's consensus rating is now Hold, with 10 analysts rating it a Strong Buy, and 11 analysts rating it with a Hold. The recent change has given its price a -11.15% deficit over SMA 50 and -45.26% deficit over its 52-week high. Marathon Oil Corporation (MRO) has declined $1.62, or -10.29%, in the last 30 days. The stock had a trading volume of 9,054,104 shares. The stock now has a Market Cap of $3.86B. Marathon Oil has a 52-week low of $12.11 and a 52-week high of $19.28.
Monster Digital, Inc. (MSDI) observed trading -16.49% away from the 20-day moving average and -39.65% off from its 50-day simple moving average.
Marathon Petroleum Corporation (NYSE:MPC), maintained return on investment for the last twelve months at 4.58, higher than what Reuters data shows regarding industry's average. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $16.39 billion for the quarter, compared to analyst estimates of $19.03 billion. During the same quarter past year, the business posted ($0.43) EPS. On average, analysts forecast that Marathon Petroleum Corp will post $3.02 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, May 15th. At the current stock price of $14.48, the dividend yield is 1.38%.
Marathon Petroleum Corp (NYSE:MPC), after opening at $51.66, closed at $51.94 by scoring -0.21%. Several hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc now owns 55,343 shares of the oil and gas company's stock valued at $2,246,000 after buying an additional 2,022 shares during the period. Acadian Asset Management LLC increased its stake in Marathon Petroleum Corp by 3,944.7% in the third quarter. DnB Asset Management AS now owns 51,809 shares of the oil and gas producer's stock valued at $819,000 after buying an additional 3,700 shares in the last quarter.
Flinton Capital Management LLC increased its stake in Marathon Oil Co. LLC now owns 10,083 shares of the oil and gas producer's stock worth $159,000 after buying an additional 83 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Over the last 12 months, MRO's stock price has risen $1.46, or +11.53%.
Heading into the stock price potential, Marathon Oil Corporation needs to grow just 41.64% to cross its median price target of $20.