Marathon Oil Co. (NYSE:MRO) Receives $32.61 Consensus PT from Analysts

Shares of Marathon Oil Co. (NYSE:MROGet Free Report) have received a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.71.

Several research analysts recently commented on MRO shares. Mizuho boosted their target price on Marathon Oil from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday. Truist Financial reduced their target price on shares of Marathon Oil from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Stifel Nicolaus decreased their price target on shares of Marathon Oil from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $33.00 price objective on shares of Marathon Oil in a research report on Tuesday, March 5th. Finally, UBS Group reduced their price objective on shares of Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th.

Read Our Latest Report on Marathon Oil

Marathon Oil Stock Down 0.1 %

Shares of NYSE:MRO opened at $26.56 on Friday. The firm’s 50-day moving average is $27.29 and its two-hundred day moving average is $25.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48. Marathon Oil has a 1 year low of $21.81 and a 1 year high of $30.06. The firm has a market capitalization of $14.98 billion, a PE ratio of 10.98 and a beta of 2.22.

Marathon Oil (NYSE:MROGet Free Report) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts predict that Marathon Oil will post 2.83 EPS for the current year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s payout ratio is currently 18.18%.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, VP Michael A. Henderson sold 51,389 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $27.59, for a total transaction of $1,417,822.51. Following the completion of the sale, the vice president now directly owns 114,828 shares of the company’s stock, valued at approximately $3,168,104.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Michael A. Henderson sold 51,389 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $27.59, for a total value of $1,417,822.51. Following the completion of the sale, the vice president now owns 114,828 shares in the company, valued at approximately $3,168,104.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Wagner sold 36,094 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total transaction of $997,999.10. Following the transaction, the insider now owns 140,829 shares in the company, valued at $3,893,921.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,332 shares of company stock worth $7,644,903. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Park Avenue Securities LLC grew its stake in shares of Marathon Oil by 4.8% during the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock worth $257,000 after purchasing an additional 415 shares during the period. Wahed Invest LLC grew its position in Marathon Oil by 4.2% during the fourth quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after buying an additional 419 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Marathon Oil by 1.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 26,569 shares of the oil and gas producer’s stock valued at $711,000 after buying an additional 421 shares in the last quarter. Trueblood Wealth Management LLC lifted its position in shares of Marathon Oil by 4.8% during the 1st quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock valued at $271,000 after acquiring an additional 439 shares during the period. Finally, Argent Capital Management LLC boosted its stake in shares of Marathon Oil by 0.5% during the 1st quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock worth $2,482,000 after acquiring an additional 441 shares in the last quarter. Hedge funds and other 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.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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