Shares of Marathon Oil Co. (NYSE:MRO) have been given a consensus rating of “Hold” by the twenty-eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $18.40.
Several analysts recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $21.00 price target on shares of Marathon Oil in a research note on Thursday, January 11th. UBS Group assumed coverage on Marathon Oil in a research note on Wednesday. They issued a “neutral” rating and a $16.00 price target on the stock. Credit Suisse Group assumed coverage on Marathon Oil in a research note on Monday, December 11th. They issued an “outperform” rating and a $20.00 price target on the stock. Morgan Stanley boosted their price target on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, February 2nd.
Shares of Marathon Oil (MRO) traded down $0.23 during trading hours on Wednesday, hitting $14.80. The stock had a trading volume of 8,609,635 shares, compared to its average volume of 13,930,000. Marathon Oil has a one year low of $10.55 and a one year high of $19.52. The firm has a market cap of $12,580.00, a price-to-earnings ratio of -14.51, a PEG ratio of 3.21 and a beta of 2.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is currently -19.61%.
Hedge funds have recently added to or reduced their stakes in the company. United Asset Strategies Inc. bought a new stake in shares of Marathon Oil during the third quarter worth $446,000. Vident Investment Advisory LLC raised its position in shares of Marathon Oil by 225.5% during the third quarter. Vident Investment Advisory LLC now owns 38,340 shares of the oil and gas producer’s stock worth $520,000 after acquiring an additional 26,560 shares during the last quarter. Kopernik Global Investors LLC raised its position in shares of Marathon Oil by 9.3% during the third quarter. Kopernik Global Investors LLC now owns 2,518,946 shares of the oil and gas producer’s stock worth $34,156,000 after acquiring an additional 214,533 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Marathon Oil during the third quarter worth $1,140,000. Finally, California Public Employees Retirement System raised its position in shares of Marathon Oil by 3.9% during the third quarter. California Public Employees Retirement System now owns 2,368,770 shares of the oil and gas producer’s stock worth $32,121,000 after acquiring an additional 88,235 shares during the last quarter. Institutional investors own 80.36% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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