Marathon Oil Co. (NYSE:MRO) Receives $33.67 Average Target Price from Brokerages

Posted by Defense World Staff on Apr 28th, 2023

Shares of Marathon Oil Co. (NYSE:MRO – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $33.76.

MRO has been the topic of several recent analyst reports. Evercore ISI assumed coverage on Marathon Oil in a research note on Thursday, January 5th. They set an “outperform” rating on the stock. Morgan Stanley cut their target price on Marathon Oil from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, March 27th. Piper Sandler decreased their price target on Marathon Oil from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Susquehanna cut their price objective on Marathon Oil from $35.00 to $32.00 and set a “positive” rating on the stock in a research report on Friday, April 21st. Finally, UBS Group assumed coverage on Marathon Oil in a research report on Wednesday, April 19th. They set a “buy” rating and a $33.00 target price for the company.

Insider Activity at Marathon Oil

In related news, CAO Rob L. White sold 5,000 shares of the business’s stock in a transaction 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 owns 39,344 shares in the company, valued at approximately $899,010.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Marathon Oil

A number of institutional investors have recently modified their holdings of the stock. HWG Holdings LP acquired a new stake in shares of Marathon Oil in the third quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Marathon Oil in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its holdings in Marathon Oil by 39.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,379 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 393 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Marathon Oil by 90.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 647 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Marathon Oil during the third quarter worth $35,000. Hedge funds and other institutional investors own 77.30% of the company’s stock.

Marathon Oil Price Performance

Marathon Oil stock opened at $23.48 on Tuesday. Marathon Oil has a 52 week low of $19.42 and a 52 week high of $33.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a fifty day moving average of $24.47 and a 200-day moving average of $27.02. The stock has a market capitalization of $14.63 billion, a P/E ratio of 4.52, a price-to-earnings-growth ratio of 0.41 and a beta of 2.39.

Marathon Oil (NYSE:MRO – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Marathon Oil had a net margin of 44.95% and a return on equity of 27.07%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business earned $0.77 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts expect that Marathon Oil will post 2.94 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.70%. Marathon Oil’s payout ratio is currently 7.71%.

Marathon Oil Company Profile

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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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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