Weekly Investment Analysts’ Ratings Changes for Marathon Oil (MRO)

Marathon Oil (NYSE: MRO) recently received a number of ratings updates from brokerages and research firms:

• 7/18/2024 – Marathon Oil is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 7/17/2024 – Marathon Oil had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $33.00 price target on the stock.
• 7/12/2024 – Marathon Oil was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $29.00 price target on the stock, down previously from $45.00.
• 7/10/2024 – Marathon Oil is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 7/2/2024 – Marathon Oil is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/24/2024 – Marathon Oil is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/16/2024 – Marathon Oil is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/8/2024 – Marathon Oil is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 6/5/2024 – Marathon Oil had its price target raised by analysts at Mizuho from $33.00 to $34.00. They now have a “neutral” rating on the stock.
• 6/5/2024 – Marathon Oil was downgraded by analysts at Capital One Financial Co. from a “strong-buy” rating to a “hold” rating.
• 5/31/2024 – Marathon Oil had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $29.00 price target on the stock, down previously from $38.00.

Marathon Oil Stock Performance

Shares of NYSE MRO traded down $0.43 during midday trading on Friday, reaching $28.83. 1,400,130 shares of the company traded hands, compared to its average volume of 9,394,719. The stock has a 50-day moving average price of $27.75 and a 200 day moving average price of $26.19. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 11.91 and a beta of 2.19. 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 Co. has a 52 week low of $21.81 and a 52 week high of $30.06.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share 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 during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Marathon Oil Co. will post 2.86 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, May 14th. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Institutional Trading of Marathon Oil

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Marathon Oil by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock valued at $2,146,794,000 after acquiring an additional 6,835,604 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Marathon Oil by 24.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock valued at $468,428,000 after acquiring an additional 3,795,020 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Marathon Oil by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,186,365 shares of the oil and gas producer’s stock valued at $197,801,000 after acquiring an additional 556,566 shares during the last quarter. LSV Asset Management lifted its holdings in Marathon Oil by 16.4% in the 1st quarter. LSV Asset Management now owns 5,850,613 shares of the oil and gas producer’s stock valued at $165,806,000 after acquiring an additional 825,813 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Marathon Oil by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,136,561 shares of the oil and gas producer’s stock valued at $124,099,000 after acquiring an additional 18,125 shares during the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

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.