Marathon Oil Co. (NYSE:MRO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Marathon Oil Co. (NYSE:MROGet Free Report) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.81.

MRO has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on shares of Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Barclays initiated coverage on shares of Marathon Oil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $35.00 price target on the stock. Argus upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, March 14th. Stifel Nicolaus decreased their price target on shares of Marathon Oil from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, StockNews.com upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st.

View Our Latest Report on MRO

Marathon Oil Price Performance

NYSE MRO opened at $27.90 on Wednesday. Marathon Oil has a 12 month low of $21.81 and a 12 month high of $30.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48. The firm has a market capitalization of $15.74 billion, a PE ratio of 11.53 and a beta of 2.18. The company’s 50 day simple moving average is $27.59 and its 200 day simple moving average is $25.40.

Marathon Oil (NYSE:MROGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Oil will post 2.83 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s payout ratio is presently 18.18%.

Insider Activity at Marathon Oil

In related news, CEO Lee M. Tillman sold 80,647 shares of Marathon Oil stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total value of $2,172,630.18. Following the completion of the sale, the chief executive officer now owns 596,330 shares of the company’s stock, valued at approximately $16,065,130.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Dane E. Whitehead sold 73,233 shares of Marathon Oil stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $27.06, for a total value of $1,981,684.98. Following the transaction, the chief financial officer now owns 152,008 shares in the company, valued at approximately $4,113,336.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee M. Tillman sold 80,647 shares of Marathon Oil stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the completion of the transaction, the chief executive officer now owns 596,330 shares in the company, valued at approximately $16,065,130.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,332 shares of company stock valued at $7,644,903. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC increased its holdings in shares of Marathon Oil by 126.9% during the 1st quarter. Cetera Advisors LLC now owns 20,200 shares of the oil and gas producer’s stock worth $572,000 after purchasing an additional 11,299 shares during the period. Cetera Investment Advisers increased its stake in Marathon Oil by 217.2% in the first quarter. Cetera Investment Advisers now owns 125,082 shares of the oil and gas producer’s stock valued at $3,545,000 after acquiring an additional 85,649 shares during the period. Wellington Shields & Co. LLC bought a new stake in Marathon Oil in the first quarter valued at about $181,000. Wahed Invest LLC increased its stake in Marathon Oil by 9.5% in the first quarter. Wahed Invest LLC now owns 11,299 shares of the oil and gas producer’s stock valued at $320,000 after acquiring an additional 982 shares during the period. Finally, Yaupon Capital Management LP increased its stake in Marathon Oil by 4.9% in the first quarter. Yaupon Capital Management LP now owns 802,242 shares of the oil and gas producer’s stock valued at $22,736,000 after acquiring an additional 37,248 shares during the period. Institutional investors own 77.24% of the company’s stock.

About Marathon Oil

(Get Free Report

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

See Also

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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