Marathon Oil (NYSE:MRO) Price Target Increased to $38.00 by Analysts at Stifel Nicolaus

Marathon Oil (NYSE:MROGet Rating) had its target price lifted by Stifel Nicolaus from $37.00 to $38.00 in a report released on Tuesday, The Fly reports.

Other research analysts have also issued research reports about the stock. StockNews.com assumed coverage on shares of Marathon Oil in a research note on Thursday, May 18th. They issued a hold rating on the stock. Wells Fargo & Company dropped their target price on shares of Marathon Oil from $41.00 to $40.00 and set an overweight rating on the stock in a report on Tuesday, February 21st. Susquehanna lowered their price objective on shares of Marathon Oil from $35.00 to $32.00 and set a positive rating on the stock in a report on Friday, April 21st. Piper Sandler lowered their target price on shares of Marathon Oil from $39.00 to $35.00 in a report on Thursday, May 18th. Finally, Jefferies Financial Group reduced their price objective on shares of Marathon Oil from $29.00 to $25.00 in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $33.06.

Marathon Oil Price Performance

Shares of Marathon Oil stock opened at $23.64 on Tuesday. The firm has a fifty day simple moving average of $23.61 and a 200-day simple moving average of $26.21. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. Marathon Oil has a 1-year low of $19.42 and a 1-year high of $33.42. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 0.41 and a beta of 2.39.

Marathon Oil (NYSE:MROGet Rating) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Marathon Oil had a net margin of 34.22% and a return on equity of 24.17%. Marathon Oil’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 earnings per share. On average, sell-side analysts expect that Marathon Oil will post 2.88 earnings per share for the current year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Tuesday, May 16th. Marathon Oil’s dividend payout ratio (DPR) is 9.83%.

Insider Transactions at Marathon Oil

In related news, CAO Rob L. White sold 5,000 shares of the 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 directly owns 39,344 shares of the company’s stock, valued at $899,010.40. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Marathon Oil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential PLC raised its holdings in shares of Marathon Oil by 26.2% in the fourth quarter. Prudential PLC now owns 185,507 shares of the oil and gas producer’s stock worth $5,022,000 after buying an additional 38,570 shares during the period. General Partner Inc. purchased a new stake in Marathon Oil during the 4th quarter valued at about $80,000. Empowered Funds LLC boosted its stake in shares of Marathon Oil by 432.2% in the third quarter. Empowered Funds LLC now owns 368,708 shares of the oil and gas producer’s stock worth $8,326,000 after buying an additional 299,429 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Marathon Oil by 2.2% in the fourth quarter. Profund Advisors LLC now owns 39,128 shares of the oil and gas producer’s stock worth $1,059,000 after buying an additional 846 shares during the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in shares of Marathon Oil in the fourth quarter worth about $256,000. 77.30% of the stock is owned by institutional investors.

About Marathon Oil

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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.

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