Marathon Oil (NYSE:MRO) Price Target Cut to $30.00 by Analysts at UBS Group

Marathon Oil (NYSE:MRO) had its target price trimmed by UBS Group from $32.00 to $30.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas producer’s stock.

MRO has been the subject of a number of other reports. Truist Financial reduced their price objective on shares of Marathon Oil from $36.00 to $35.00 and set a buy rating for the company in a research note on Monday, May 6th. Piper Sandler increased their price objective on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Morgan Stanley increased their price objective on shares of Marathon Oil from $26.00 to $27.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. JPMorgan Chase & Co. restated a neutral rating and set a $33.00 price objective on shares of Marathon Oil in a research note on Wednesday, July 17th. Finally, Susquehanna upped their target price on shares of Marathon Oil from $33.00 to $39.00 and gave the company a positive rating in a report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $32.23.

Marathon Oil Price Performance

Shares of NYSE MRO opened at $27.42 on Tuesday. The firm has a market cap of $15.34 billion, a PE ratio of 11.33 and a beta of 2.19. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. Marathon Oil has a 1-year low of $21.81 and a 1-year high of $30.06. The company has a fifty day moving average price of $28.00 and a 200 day moving average price of $26.77.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $0.48 earnings per share. Marathon Oil’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts predict that Marathon Oil will post 2.79 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.44 annualized dividend and a dividend yield of 1.60%. Marathon Oil’s dividend payout ratio is presently 18.18%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC boosted its position 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 acquiring an additional 415 shares in the last quarter. Wahed Invest LLC boosted its position in shares of Marathon Oil by 4.2% during the 4th quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after acquiring an additional 419 shares in the last quarter. Gradient Investments LLC boosted its position in shares of Marathon Oil by 1.9% during the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock worth $655,000 after acquiring an additional 428 shares in the last quarter. Trueblood Wealth Management LLC boosted 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 worth $271,000 after acquiring an additional 439 shares in the last quarter. Finally, Argent Capital Management LLC boosted its position 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. 77.24% of the stock is owned by institutional investors.

About Marathon Oil

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.