Marathon Oil (NYSE:MRO – Get Rating) had its price objective upped by Stifel Nicolaus from $37.00 to $38.00 in a research note released on Tuesday morning, The Fly reports.
Several other research firms have also recently issued reports on MRO. UBS Group began coverage on Marathon Oil in a research report on Wednesday, April 19th. They issued a buy rating and a $33.00 price objective for the company. Citigroup upgraded Marathon Oil from a neutral rating to a buy rating and set a $27.00 price objective for the company in a research report on Thursday, March 23rd. StockNews.com started coverage on Marathon Oil in a research report on Thursday, May 18th. They issued a hold rating for the company. Wells Fargo & Company dropped their price target on Marathon Oil from $41.00 to $40.00 and set an overweight rating for the company in a research report on Tuesday, February 21st. Finally, Jefferies Financial Group dropped their price target on Marathon Oil from $29.00 to $25.00 in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $33.06.
Marathon Oil Price Performance
Marathon Oil stock opened at $23.33 on Tuesday. Marathon Oil has a 12 month low of $19.42 and a 12 month high of $33.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.68. The business has a 50 day simple moving average of $23.69 and a 200-day simple moving average of $26.17. The stock has a market capitalization of $14.41 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39.
Marathon Oil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. Marathon Oil’s dividend payout ratio (DPR) is 9.83%.
In related news, CAO Rob L. White sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $22.85, for a total transaction of $114,250.00. Following the completion of the transaction, the chief accounting officer now owns 39,344 shares in the company, valued at approximately $899,010.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Marathon Oil by 1,220.4% in the first quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock valued at $219,828,000 after buying an additional 8,091,570 shares during the period. JPMorgan Chase & Co. raised its position in shares of Marathon Oil by 1,134.4% during the first quarter. JPMorgan Chase & Co. now owns 5,457,542 shares of the oil and gas producer’s stock worth $130,763,000 after purchasing an additional 5,015,428 shares during the period. Pacer Advisors Inc. raised its position in shares of Marathon Oil by 51.7% during the first quarter. Pacer Advisors Inc. now owns 9,661,473 shares of the oil and gas producer’s stock worth $231,489,000 after purchasing an additional 3,291,349 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Marathon Oil by 60.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,739,802 shares of the oil and gas producer’s stock worth $194,346,000 after purchasing an additional 2,904,140 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Marathon Oil by 137.9% during the first quarter. Deutsche Bank AG now owns 4,679,450 shares of the oil and gas producer’s stock worth $112,120,000 after purchasing an additional 2,712,809 shares during the period. Institutional investors and hedge funds own 77.30% of the company’s stock.
About Marathon Oil
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
- Get a free copy of the StockNews.com research report on Marathon Oil (MRO)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.