Marathon Oil (NYSE:MRO) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Marathon Oil (NYSE:MRO) in a research report released on Saturday. The brokerage issued a buy rating on the oil and gas producer’s stock.

Several other research firms have also recently weighed in on MRO. Scotiabank cut shares of Marathon Oil from a sector outperform rating to a sector perform rating and decreased their price objective for the stock from $45.00 to $29.00 in a research report on Friday, July 12th. Barclays started coverage on shares of Marathon Oil in a research note on Wednesday, April 10th. They issued an overweight rating and a $35.00 price objective on the stock. Mizuho raised their price target on shares of Marathon Oil from $33.00 to $34.00 and gave the company a neutral rating in a research report on Wednesday, June 5th. Piper Sandler raised their price target on shares of Marathon Oil from $32.00 to $34.00 and gave the company an overweight rating in a research report on Friday, April 19th. Finally, Susquehanna boosted their target price on shares of Marathon Oil from $33.00 to $39.00 and gave the company a positive rating in a research note 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $32.14.

Marathon Oil Trading Down 0.9 %

Shares of NYSE MRO opened at $26.42 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.55. Marathon Oil has a 52-week low of $21.81 and a 52-week high of $30.06. The firm has a 50 day moving average price of $28.09 and a two-hundred day moving average price of $26.55. The stock has a market cap of $14.90 billion, a P/E ratio of 10.92 and a beta of 2.19.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a $0.11 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Institutional Investors Weigh In On Marathon Oil

Institutional investors and hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC grew its stake in shares of Marathon Oil by 4.8% during the first quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 415 shares during the last quarter. Wahed Invest LLC lifted its holdings in Marathon Oil by 4.2% in the fourth quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after buying an additional 419 shares during the period. Gradient Investments LLC lifted its holdings in Marathon Oil by 1.9% in the second quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock worth $655,000 after buying an additional 428 shares during the period. Trueblood Wealth Management LLC lifted its holdings in Marathon Oil by 4.8% in the first quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock worth $271,000 after buying an additional 439 shares during the period. Finally, Argent Capital Management LLC lifted its holdings in Marathon Oil by 0.5% in the first quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock worth $2,482,000 after buying an additional 441 shares during the period. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Marathon Oil Company Profile

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.