Skip to main content

Stock Update (NYSE:MRO): Marathon Oil Corporation Declares First Quarter 2016 Dividend

[GlobeNewswire] – Houston, April 27, 2016– Marathon Oil Corporation announced today that the Company’s board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. The dividend … Read more on this. Marathon Oil Corporation (MRO) , valued at $12.58B, began trading this morning at $14.70. Shares have traded today between $14.46 and $15.15 per share and has traded between $6.52 and $31.53 over the past 12 months. MRO shares are currently priced at -11.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -4.01x forward p/e ratio. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 1.39%. According to a consensus of 21 analysts, the earnings estimate of $-0.46 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $-1.23, which would be a $0.05 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $903.27 Million. If realized, that would be a 40.96% decrease over the year-ago quarter. In terms of ratings, Wells Fargo downgraded MRO from Outperform to Market Perform (Apr 13, 2016). Previously, Atlantic Equities downgraded MRO from Overweight to Neutral. The average price target for MRO shares by the analysts covering the stock is $14.63, which is 0.48% below where the stock opened this morning. See more in (NYSE:MRO) Similar Articles: Stock Update (NYSE:MRO): Marathon Oil Schedules First Quarter 2016 Earnings Release and Conference Call Stock Update (NYSE:MRO): Marathon Oil Corporation Declares Fourth Quarter 2015 Dividend Company Update (NYSE:MRO): Marathon Oil Corporation Adjusts Quarterly Dividend
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.