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

Shares of Marathon Oil Co. (NYSE:MROGet Free Report) have been assigned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.86.

MRO has been the subject of a number of analyst reports. Capital One Financial downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. Argus upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Thursday, March 14th. Benchmark restated a “buy” rating and issued a $32.00 target price on shares of Marathon Oil in a report on Friday, May 3rd. Mizuho upped their target price on Marathon Oil from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Finally, Piper Sandler upped their target price on Marathon Oil from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, April 19th.

Get Our Latest Stock Analysis on MRO

Marathon Oil Price Performance

MRO opened at $28.67 on Friday. 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 $16.17 billion, a PE ratio of 11.85 and a beta of 2.17. The business’s 50-day moving average is $27.33 and its two-hundred day moving average is $25.80. Marathon Oil has a 1 year low of $21.81 and a 1 year high of $30.06.

Marathon Oil (NYSE:MROGet Free Report) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. Research analysts anticipate that Marathon Oil will post 2.86 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.11 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. Marathon Oil’s payout ratio is currently 18.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Oak Thistle LLC purchased a new position in Marathon Oil during the 4th quarter worth approximately $1,440,000. Victory Capital Management Inc. lifted its holdings in shares of Marathon Oil by 127.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer’s stock valued at $61,067,000 after buying an additional 1,415,639 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Marathon Oil by 374.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 73,592 shares of the oil and gas producer’s stock worth $1,778,000 after purchasing an additional 58,081 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Marathon Oil by 137.1% during the fourth quarter. Corient Private Wealth LLC now owns 304,331 shares of the oil and gas producer’s stock worth $7,353,000 after purchasing an additional 175,964 shares during the last quarter. Finally, Blackstone Inc. raised its holdings in Marathon Oil by 23.1% during the fourth quarter. Blackstone Inc. now owns 79,901 shares of the oil and gas producer’s stock worth $1,930,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Marathon Oil Company Profile

(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.

Further Reading

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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