Stifel Nicolaus Increases Marathon Oil (NYSE:MRO) Price Target to $38.00

Marathon Oil (NYSE:MRO – Get Rating) had its target price lifted by Stifel Nicolaus from $37.00 to $38.00 in a research note released on Tuesday, The Fly reports.

MRO has been the topic of several other research reports. Wells Fargo & Company dropped their price objective on shares of Marathon Oil from $41.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, February 21st. Morgan Stanley reduced their target price on shares of Marathon Oil from $28.00 to $27.00 and set an overweight rating for the company in a report on Monday, March 27th. Truist Financial raised their price objective on shares of Marathon Oil from $34.00 to $39.00 in a research note on Tuesday, April 11th. Piper Sandler cut their target price on shares of Marathon Oil from $39.00 to $35.00 in a research report on Thursday, May 18th. Finally, Mizuho cut their target price on shares of Marathon Oil from $31.00 to $28.00 in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Oil has an average rating of Moderate Buy and an average price target of $33.06.

Marathon Oil Stock Up 0.9 %

Shares of Marathon Oil stock opened at $23.64 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $23.61 and a 200 day moving average price of $26.21. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 5.81, a price-to-earnings-growth ratio of 0.41 and a beta of 2.39. Marathon Oil has a twelve month low of $19.42 and a twelve month high of $33.42.

Marathon Oil (NYSE:MRO – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Marathon Oil had a net margin of 34.22% and a return on equity of 24.17%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company posted $1.02 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts forecast that Marathon Oil will post 2.88 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Wednesday, May 17th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.69%. Marathon Oil’s dividend payout ratio is 9.83%.

Insiders Place Their Bets

In other news, CAO Rob L. White sold 5,000 shares of Marathon Oil stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $22.85, for a total transaction of $114,250.00. Following the sale, the chief accounting officer now directly owns 39,344 shares in the company, valued at approximately $899,010.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Marathon Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carl Stuart Investment Advisor Inc. acquired a new position in shares of Marathon Oil during the first quarter worth approximately $15,200,230,000. Moors & Cabot Inc. raised its holdings in Marathon Oil by 2.7% in the fourth quarter. Moors & Cabot Inc. now owns 15,330 shares of the oil and gas producer’s stock worth $415,000 after purchasing an additional 401 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Marathon Oil by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,692 shares of the oil and gas producer’s stock worth $1,372,000 after purchasing an additional 413 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Marathon Oil by 12.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,160 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 446 shares in the last quarter. Finally, KCM Investment Advisors LLC increased its position in shares of Marathon Oil by 5.1% during the fourth quarter. KCM Investment Advisors LLC now owns 9,445 shares of the oil and gas producer’s stock worth $256,000 after acquiring an additional 455 shares in the last quarter. 77.30% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Company Profile

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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.