Marathon Oil (NYSE:MRO) Receives “Neutral” Rating from Mizuho

Mizuho reaffirmed their neutral rating on shares of Marathon Oil (NYSE:MROGet Rating) in a report issued on Tuesday morning, Marketbeat Ratings reports. Mizuho currently has a $32.00 price objective on the oil and gas producer’s stock.

Other equities analysts also recently issued research reports about the stock. Citigroup lifted their price objective on shares of Marathon Oil to $30.00 in a report on Thursday, October 27th. Barclays raised their target price on Marathon Oil from $34.00 to $35.00 and gave the company an overweight rating in a research note on Wednesday, December 7th. Piper Sandler raised their target price on Marathon Oil from $38.00 to $42.00 and gave the company an overweight rating in a research note on Thursday, November 17th. Royal Bank of Canada raised their target price on Marathon Oil from $35.00 to $38.00 and gave the company an outperform rating in a research note on Monday, November 7th. Finally, The Goldman Sachs Group raised their target price on Marathon Oil from $27.00 to $30.00 and gave the company a sell rating in a research note on Wednesday, November 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Oil presently has a consensus rating of Hold and an average price target of $33.50.

Marathon Oil Stock Performance

Marathon Oil stock opened at $27.01 on Tuesday. The company has a market cap of $17.10 billion, a PE ratio of 5.18, a P/E/G ratio of 0.53 and a beta of 2.43. The company has a fifty day moving average price of $28.93 and a two-hundred day moving average price of $26.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 1.04. Marathon Oil has a 12 month low of $17.01 and a 12 month high of $33.42.

Marathon Oil (NYSE:MROGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The oil and gas producer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.07 billion. Marathon Oil had a net margin of 46.11% and a return on equity of 27.76%. Research analysts expect that Marathon Oil will post 4.56 earnings per share for the current year.

Marathon Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Wednesday, November 16th were issued a dividend of $0.09 per share. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, November 15th. Marathon Oil’s payout ratio is presently 6.91%.

Insider Buying and Selling

In related news, VP Michael A. Henderson sold 80,000 shares of Marathon Oil stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $32.56, for a total value of $2,604,800.00. Following the transaction, the vice president now owns 105,250 shares of the company’s stock, valued at approximately $3,426,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Marathon Oil news, VP Michael A. Henderson sold 80,000 shares of Marathon Oil stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $32.56, for a total transaction of $2,604,800.00. Following the transaction, the vice president now owns 105,250 shares of the company’s stock, valued at approximately $3,426,940. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lee M. Tillman sold 30,000 shares of Marathon Oil stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $32.56, for a total value of $976,800.00. Following the sale, the chief executive officer now owns 916,219 shares of the company’s stock, valued at $29,832,090.64. The disclosure for this sale can be found here. Insiders have sold a total of 419,601 shares of company stock valued at $13,493,768 over the last three months. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Marathon Oil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HWG Holdings LP acquired a new position in shares of Marathon Oil during the third quarter worth approximately $25,000. Ronald Blue Trust Inc. acquired a new position in shares of Marathon Oil during the second quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its holdings in shares of Marathon Oil by 39.9% during the third quarter. Jones Financial Companies Lllp now owns 1,379 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 393 shares during the last quarter. CX Institutional acquired a new position in shares of Marathon Oil during the second quarter worth approximately $34,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Marathon Oil by 90.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 647 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Company Profile

(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.

Read More

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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.