Marathon Oil Corporation (NYSE:MRO) shares tanked -1.60% to $14.12 on Thursday. The share price of the stock surged 12.64% for the year.
Other research analysts have also recently issued reports about the company. Canaccord Genuity set a $16.00 price target on Marathon Oil and gave the company a hold rating in a research note on Saturday, January 21st. Jefferies Group LLC reissued a buy rating and issued a $22.00 price target on shares of Marathon Oil in a research note on Friday, March 31st.
Marathon Oil Corporation is an exploration and production (E&P) company.
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 first line is called the "%K" line, which analyzes the actual price movements in the shares and can be defined as: "%K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100.
Heading into the stock price potential, Marathon Oil Corporation needs to grow just 41.64% to cross its median price target of $20. In terms of the stock price in relation to its moving averages, company shares are -1.26% away from the 20-day moving average and -5.09% off of the 50-day average. During the trading on 05/18/2017, Company's stock ranged from $52.84 to $51.79.
In the quarter ending September 2016, Marathon Oil Corporation delivered smaller earnings beat. The oil and gas producer reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.29 billion. The company has a 1-week performance of -5.96%. Todd Asset Management LLC acquired a new position in shares of Marathon Oil during the third quarter valued at $257,000.
All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. Equities analysts anticipate that Marathon Petroleum Corp will post $3.02 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: "British Columbia Investment Management Corp Has $6.102 Million Position in Marathon Oil Co". If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and global trademark and copyright legislation. The original version of this piece can be read at https://www.thestockobserver.com/2017/05/19/british-columbia-investment-management-corp-has-6-102-million-position-in-marathon-oil-co-mro.html. Investors of record on Wednesday, May 17th will be given a dividend of $0.05 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, May 15th. Its sales stood at -4.30% a year on average in the period of last five years.
Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of Marathon Oil during the first quarter valued at $103,000.
Marathon Oil Corporation (MRO)'s latest quote $14.12 -0.25 -1.6 will find technical support in $13.94/share and a breakdown below this region would be a significantly bearish signal for Marathon Oil Corporation traders. Morgan Stanley now owns 11,984,895 shares of the oil and gas company's stock valued at $486,467,000 after buying an additional 8,747,283 shares during the last quarter.
Shares of Marathon Oil Co. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading. Investors who are keeping close eye on the stock of Whole Foods Market, Inc. For the last quarter, the stock has performed 3.96%.
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi.