Marathon Oil (NYSE:MRO – Free Report) had its price target reduced by Royal Bank of Canada from $35.00 to $33.00 in a research note released on Thursday, FlyOnTheWall reports.
MRO has been the topic of several other research reports. UBS Group started coverage on Marathon Oil in a research report on Wednesday, April 19th. They set a buy rating and a $33.00 target price on the stock. Raymond James increased their target price on shares of Marathon Oil from $43.00 to $48.00 and gave the stock a strong-buy rating in a research note on Friday, April 21st. Piper Sandler cut their target price on shares of Marathon Oil from $35.00 to $32.00 in a research note on Tuesday, June 13th. Susquehanna cut their target price on shares of Marathon Oil from $35.00 to $32.00 and set a positive rating on the stock in a research note on Friday, April 21st. Finally, Citigroup increased their target price on shares of Marathon Oil from $27.00 to $29.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $32.53.
Marathon Oil Trading Up 1.4 %
Shares of MRO stock opened at $25.13 on Thursday. The firm has a market capitalization of $15.52 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 2.35. Marathon Oil has a twelve month low of $19.42 and a twelve month high of $33.42. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $23.09 and its 200 day simple moving average is $24.62.
Marathon Oil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Wednesday, May 17th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, May 16th. Marathon Oil’s dividend payout ratio is currently 9.83%.
Institutional Investors Weigh In On Marathon Oil
Large investors have recently added to or reduced their stakes in the company. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Marathon Oil during the first quarter worth approximately $15,200,230,000. ICA Group Wealth Management LLC raised its stake in shares of Marathon Oil by 92.6% during the first quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 522 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Marathon Oil during the fourth quarter worth approximately $29,000. Manchester Capital Management LLC purchased a new position in shares of Marathon Oil during the first quarter worth approximately $28,000. Finally, KB Financial Partners LLC purchased a new position in shares of Marathon Oil in the first quarter worth about $31,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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