Marathon Oil (NYSE:MRO) Now Covered by StockNews.com

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

A number of other analysts have also recently commented on MRO. Piper Sandler upped their price target on Marathon Oil from $32.00 to $34.00 and gave the stock an overweight rating in a research report on Friday, April 19th. Barclays began coverage on Marathon Oil in a research report on Wednesday, April 10th. They issued an overweight rating and a $35.00 price target for the company. Truist Financial cut their target price on Marathon Oil from $36.00 to $35.00 and set a buy rating for the company in a research report on Monday, May 6th. Susquehanna lifted their target price on Marathon Oil from $33.00 to $39.00 and gave the company a positive rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company reissued an equal weight rating and set a $29.00 target price (down previously from $38.00) on shares of Marathon Oil in a research note on Friday, May 31st. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Marathon Oil currently has a consensus rating of Moderate Buy and a consensus target price of $32.14.

Marathon Oil Stock Performance

Shares of MRO opened at $26.60 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $28.11 and a two-hundred day simple moving average of $26.58. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 10.99 and a beta of 2.19. Marathon Oil has a 52 week low of $21.81 and a 52 week high of $30.06.

Marathon Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $0.11 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.65%. Marathon Oil’s dividend payout ratio (DPR) is 18.18%.

Hedge Funds Weigh In On Marathon Oil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position in 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 purchasing an additional 415 shares during the period. Wahed Invest LLC lifted its stake in Marathon Oil by 4.2% in the 4th quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 419 shares in the last quarter. Gradient Investments LLC lifted its stake in Marathon Oil by 1.9% in the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock valued at $655,000 after buying an additional 428 shares in the last quarter. Trueblood Wealth Management LLC lifted its stake in Marathon Oil by 4.8% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock worth $271,000 after purchasing an additional 439 shares in the last quarter. Finally, Argent Capital Management LLC lifted its stake in Marathon Oil by 0.5% in 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 purchasing an additional 441 shares in the last quarter. 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.