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Stock Update (NYSE:MRO): Marathon Oil Corporation Declares Fourth Quarter 2015 Dividend

[GlobeNewswire] – HOUSTON, Jan. 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) , with a current value of $5.93B, started trading this morning at $8.34. During the trading session, MRO traded between $8.18 to $9.35 and has traded between $7.08 and $31.53 over the past year. MRO shares are currently priced at -6.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 10.59x earnings multiple. And for dividend hunters, the company pays shareholders $1.29 per share annually in dividends, yielding 14.30%. According to a consensus of 23 analysts, the earnings estimate of $-0.47 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. Investors should also note that the full-year EPS estimate of $-1.28 is a $3.81 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.17 Billion. If reported, that would be a 53.20% decrease over the year-ago quarter. In terms of ratings, Atlantic Equities downgraded MRO from Overweight to Neutral (Jan 27, 2016). Previously, Morgan Stanley downgraded MRO from Overweight to Equal-Weight. The average price target for MRO shares is $16.91, which is 102.76% above where the stock opened this morning. See more in (NYSE:MRO) Similar Articles: Company Update (NYSE:MRO): Marathon Oil Corporation Adjusts Quarterly Dividend Market Update (NYSE:MRO): Marathon Oil Schedules Third Quarter 2015 Earnings Release and Conference Call Stock Update: Marathon Oil Corporation (NYSE:MRO) – Marathon Oil Corporation to Participate in Barclays CEO Energy-Power Conference
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