Marathon Oil (MRO) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about Marathon Oil (NYSE:MRO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marathon Oil earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 45.2156931993732 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities research analysts recently weighed in on the stock. Bank of America raised shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price objective on shares of Marathon Oil in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, November 6th. Citigroup downgraded shares of Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, November 9th. Finally, Scotiabank set a $19.00 price objective on shares of Marathon Oil and gave the company a “buy” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.51.
Marathon Oil (NYSE:MRO) traded down $0.23 during midday trading on Friday, reaching $17.89. 11,962,183 shares of the company’s stock traded hands, compared to its average volume of 11,201,226. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $18.17. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. The company has a market cap of $15,200.00, a PE ratio of -6.99 and a beta of 2.38.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, November 14th. Marathon Oil’s dividend payout ratio (DPR) is -7.81%.
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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