Marathon Oil Co. (NYSE:MRO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Marathon Oil Co. (NYSE:MROGet Rating) have received a consensus rating of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $30.80.

MRO has been the topic of several analyst reports. Bank of America reiterated an “underperform” rating and set a $25.00 target price on shares of Marathon Oil in a report on Monday, February 21st. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Monday, February 7th. Piper Sandler dropped their target price on Marathon Oil to $39.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Scotiabank raised Marathon Oil from a “sector perform” rating to a “sector outperform” rating and set a $28.00 price target on the stock in a research report on Friday, February 18th. Finally, Raymond James boosted their price target on Marathon Oil from $31.00 to $40.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 25th.

In related news, CFO Dane E. Whitehead sold 86,331 shares of the stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $25.36, for a total transaction of $2,189,354.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dane E. Whitehead sold 30,291 shares of the company’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $28.03, for a total value of $849,056.73. Following the sale, the chief financial officer now owns 290,934 shares of the company’s stock, valued at $8,154,880.02. The disclosure for this sale can be found here. Insiders have sold 1,290,067 shares of company stock worth $32,798,479 in the last three months. 0.52% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. bought a new stake in Marathon Oil during the first quarter worth $25,000. Zullo Investment Group Inc. bought a new position in shares of Marathon Oil in the 1st quarter valued at $30,000. Tsfg LLC bought a new position in shares of Marathon Oil in the 1st quarter valued at $31,000. Brown Brothers Harriman & Co. lifted its stake in shares of Marathon Oil by 90.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 647 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Marathon Oil by 76.6% in the 1st quarter. Covestor Ltd now owns 1,427 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

Shares of Marathon Oil stock opened at $31.07 on Friday. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.39 and a beta of 2.58. The stock’s 50-day moving average is $26.20 and its 200-day moving average is $21.43. Marathon Oil has a one year low of $10.41 and a one year high of $31.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.10 and a quick ratio of 1.06.

Marathon Oil (NYSE:MROGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The oil and gas producer reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.83 billion. Marathon Oil had a return on equity of 16.78% and a net margin of 35.01%. The company’s quarterly revenue was up 63.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. On average, equities analysts expect that Marathon Oil will post 4.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 18th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. This is an increase from Marathon Oil’s previous quarterly dividend of $0.07. Marathon Oil’s dividend payout ratio is currently 11.15%.

About Marathon Oil (Get Rating)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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