Marathon Oil Co. (NYSE:MRO) Given Average Rating of “Moderate Buy” by Analysts

Marathon Oil Co. (NYSE:MROGet Rating) has earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.44.

A number of research analysts recently issued reports on MRO shares. Citigroup increased their price objective on Marathon Oil to $30.00 in a report on Thursday, October 27th. Barclays lifted their target price on Marathon Oil from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 19th. Raymond James boosted their target price on Marathon Oil from $35.00 to $37.00 and gave the company a “strong-buy” rating in a research report on Monday, October 24th. Piper Sandler boosted their price objective on Marathon Oil from $38.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Credit Suisse Group upped their price objective on Marathon Oil from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd.

Insiders Place Their Bets

In other Marathon Oil news, VP Michael A. Henderson sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $32.56, for a total transaction of $2,604,800.00. Following the completion of the transaction, the vice president now owns 105,250 shares in the company, valued at approximately $3,426,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Dane E. Whitehead sold 28,553 shares of the company’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $22.61, for a total value of $645,583.33. Following the completion of the sale, the chief financial officer now owns 229,129 shares in the company, valued at approximately $5,180,606.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Henderson sold 80,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $32.56, for a total transaction of $2,604,800.00. Following the completion of the sale, the vice president now owns 105,250 shares of the company’s stock, valued at approximately $3,426,940. The disclosure for this sale can be found here. Insiders sold 481,406 shares of company stock worth $15,004,236 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Marathon Oil

Several institutional investors and hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new position in Marathon Oil in the 1st quarter valued at $102,000. Daiwa Securities Group Inc. increased its stake in Marathon Oil by 19.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,659 shares of the oil and gas producer’s stock valued at $217,000 after buying an additional 1,426 shares during the period. SG Americas Securities LLC increased its stake in Marathon Oil by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 39,237 shares of the oil and gas producer’s stock valued at $985,000 after buying an additional 3,365 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Marathon Oil by 224.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 134,783 shares of the oil and gas producer’s stock valued at $3,384,000 after buying an additional 93,206 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in Marathon Oil by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 103,901 shares of the oil and gas producer’s stock valued at $2,609,000 after buying an additional 1,096 shares during the period. Hedge funds and other institutional investors own 75.16% of the company’s stock.

Marathon Oil Stock Performance

Shares of NYSE MRO opened at $30.80 on Friday. The business’s 50 day moving average is $28.10 and its two-hundred day moving average is $26.24. Marathon Oil has a 12 month low of $14.29 and a 12 month high of $33.42. The company has a market cap of $19.56 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.57 and a beta of 2.47. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 0.32.

Marathon Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Marathon Oil’s previous quarterly dividend of $0.08. Marathon Oil’s payout ratio is 6.91%.

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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