Raymond James Reiterates “Maintains” Rating for Marathon Oil (NYSE:MRO)

Raymond James reaffirmed their maintains rating on shares of Marathon Oil (NYSE:MROGet Rating) in a research note released on Tuesday morning, Benzinga reports.

MRO has been the subject of several other reports. Morgan Stanley cut their target price on shares of Marathon Oil from $33.00 to $31.00 and set an equal weight rating for the company in a research note on Tuesday, July 19th. Barclays lowered their price objective on shares of Marathon Oil from $37.00 to $35.00 and set an overweight rating for the company in a research report on Tuesday. Bank of America lowered their target price on shares of Marathon Oil from $28.00 to $25.00 and set an underperform rating for the company in a report on Tuesday, July 19th. Truist Financial lifted their price objective on shares of Marathon Oil from $34.00 to $41.00 in a report on Thursday, April 21st. Finally, Susquehanna upgraded shares of Marathon Oil from a neutral rating to a positive rating and set a $32.00 price objective for the company in a report on Monday, April 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Marathon Oil currently has a consensus rating of Moderate Buy and an average target price of $30.75.

Marathon Oil Price Performance

Shares of NYSE MRO traded down $0.01 during midday trading on Tuesday, reaching $23.87. The stock had a trading volume of 214,945 shares, compared to its average volume of 21,058,092. The stock has a 50-day moving average of $25.46 and a 200-day moving average of $24.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.06 and a current ratio of 1.10. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.33 and a beta of 2.61. Marathon Oil has a 12-month low of $10.41 and a 12-month high of $33.24.

Marathon Oil (NYSE:MROGet Rating) last posted its earnings results on Wednesday, May 4th. The oil and gas producer reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Marathon Oil had a net margin of 35.01% and a return on equity of 16.78%. Marathon Oil’s quarterly revenue was up 63.7% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. As a group, research analysts anticipate that Marathon Oil will post 4.83 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.34%. Marathon Oil’s payout ratio is 11.15%.

Insider Buying and Selling at Marathon Oil

In related news, CFO Dane E. Whitehead sold 30,291 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $28.03, for a total value of $849,056.73. Following the completion of the sale, the chief financial officer now owns 290,934 shares of the company’s stock, valued at approximately $8,154,880.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Dane E. Whitehead sold 30,291 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $28.03, for a total transaction of $849,056.73. Following the completion of the sale, the chief financial officer now owns 290,934 shares of the company’s stock, valued at $8,154,880.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dane E. Whitehead sold 79,711 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $28.18, for a total transaction of $2,246,255.98. Following the sale, the chief financial officer now directly owns 321,225 shares of the company’s stock, valued at approximately $9,052,120.50. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Marathon Oil

A number of hedge funds have recently modified their holdings of MRO. Washington Trust Advisors Inc. acquired a new position in Marathon Oil in the first quarter valued at about $25,000. Zullo Investment Group Inc. acquired a new stake in shares of Marathon Oil during the first quarter worth about $30,000. Tsfg LLC acquired a new stake in shares of Marathon Oil during the first quarter worth about $31,000. Allegheny Financial Group LTD acquired a new stake in shares of Marathon Oil during the fourth quarter worth about $34,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Marathon Oil by 90.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

Marathon Oil Company Profile

(Get Rating)

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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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