Revenue Update on Marathon Oil Corporation(NYSE:MRO)

Marathon Oil Corporation(NYSE:MRO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $1.30B. Analysts estimated a revenue of $1.03B. Earnings per share were $-0.23. Analysts had estimated an EPS of $-0.24.

In a different note, On Jul 14, 2016, Barclays said it Maintains its rating on Marathon Oil Corporation. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on Marathon Oil Corporation. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Raymond James said it Upgrades its rating on Marathon Oil Corporation. The shares have been rated ‘Strong Buy’ by the firm. On Jun 21, 2016, Morgan Stanley said it Upgrades its rating on Marathon Oil Corporation. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 21, 2016, Capital One Financial said it Upgrades its rating on Marathon Oil Corporation. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Overweight’ by the firm. KLR Group said it Initiates Coverage on Marathon Oil Corporation, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Buy’ by the firm.

Marathon Oil Corporation (MRO) made into the market gainers list on Fridays trading session with the shares advancing 1.87% or 0.27 points. Due to strong positive momentum, the stock ended at $14.72, which is also near the day’s high of $14.92. The stock began the session at $14.6 and the volume stood at 1,34,55,730 shares. The 52-week high of the shares is $20.44 and the 52 week low is $6.52. The company has a current market capitalization of $12,472 M and it has 84,72,58,510 shares in outstanding.

Marathon Oil Corporation has also declared a cash dividend of $0.0500 on Jul 27, 2016. The shares will quote ex-dividend on Aug 15, 2016 and the record date has been fixed on Aug 17, 2016. The dividend payable date has been fixed on Sep 12, 2016.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2015, Patrick Wagner (V.P.-Corporate Development) purchased 5,000 shares at $15.40 per share price.Also, On Aug 7, 2015, Lee M Tillman (CEO) purchased 25,600 shares at $19.51 per share price.

Marathon Oil Corporation is an energy company based in Houston Texas with operations in North America Europe and Africa. The Company operates in three segments: North America E&P segment which explores for produces and markets crude oil and condensate NGLs and natural gas in North America; International E&P segment which explores for produces and markets crude oil and condensate NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas such as LNG and methanol in Egypt and Oil Sands Mining segment which mines extracts and transports bitumen from oil sands deposits in Alberta Canada and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It has production operations in the United States Egypt Canada the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays including the Eagle Ford Bakken and Oklahoma Resource Basins.

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