Marathon Oil Corporation (MRO) Upgrade to Strong-Buy by the Vetr Inc

Posted March 01, 2017

Return on Equity (ROE) stands at 0% and Return on Investment (ROI) of 0 percent. The company's market cap is $13.33 Billion. Shareholders of record on Thursday, February 16th will be paid a dividend of $0.36 per share. State Street Corp now owns 27,922,089 shares of the company's stock worth $1,405,870,000 after buying an additional 853,983 shares during the period. Alpha Windward LLC increased its position in shares of Marathon Petroleum Corporation by 0.9% in the third quarter. Finally, Altfest L J & Co. Finally, BlackRock Fund Advisors raised its stake in shares of Marathon Petroleum Corporation by 3.3% in the third quarter. Institutional investors own 81.94% of the company's stock.

Marathon Petroleum Corporation (NYSE:MPC) share price Fell -0.64% to reach $50.03 during the last trading session. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -4.17% where SMA50 and SMA200 are -8.83% and 2.98% respectively. The 52-week high of Marathon Oil Corporation (NYSE:MRO) is $19.28 and the 52-week low is $6.66.

Marathon Petroleum Corporation (NYSE:MPC) plans $380 million in capital expenditures for Speedway LLC this year, primarily to renovate and build new stores in its core markets. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.20) by $0.09. Since becoming an independent E&P company in 2011, Marathon Oil has shed high-cost noncore assets ($1.5 billion since August 2015) in favor of higher-return North American unconventional oil, gas and NGL assets. Marathon Oil Corporation has 1 year price target of $20.82. The firm is initiating a 2018 EPS estimate of $0.25, which assumes continued gradual improvement in commodity prices. On average, equities research analysts forecast that Marathon Petroleum Corporation will post $3.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 10th. The ex-dividend date of this dividend was Monday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. Marathon Petroleum Corporation's dividend payout ratio (DPR) is presently 65.16%.

A number of research analysts recently issued reports on MPC shares. Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market.

Sell-side analyst recommendations point to a short term price target of $7.19 on the shares of Noble Corporation plc (NE). 28 Analysts reported that the Price Target for Marathon Oil Corporation might touch $29 high while the Average Price Target and Low price Target is $20.82 and $15 respectively. Credit Suisse Group reissued a "buy" rating and issued a $63.00 target price on shares of Marathon Petroleum Corporation in a research note on Sunday, February 5th.

Vetr upgraded shares of Marathon Oil Corporation (NYSE:MRO) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning. The stock now has a consensus rating of Buy and a consensus target price of $18.08.

In related news, Director Charles E. Bunch purchased 2,000 shares of Marathon Petroleum Corporation stock in a transaction dated Thursday, February 9th. The shares were bought at an average price of $49.94 per share, with a total value of $99,880.00. Following the acquisition, the director now directly owns 8,776 shares in the company, valued at approximately $438,273.44. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.03% of the company's stock. The companys business is organized into three segments - North America Exploration and Production, International Exploration and Production, and Oil Sands Mining.