Marathon Oil Corporation (NYSE:MRO) received a $25.00 target price from stock analysts at Scotiabank in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Scotiabank’s price target points to a potential upside of 54.61% from the stock’s current price.
A number of other analysts have also weighed in on MRO. Bank of America Corporation restated a “buy” rating on shares of Marathon Oil Corporation in a research report on Thursday, November 3rd. Canaccord Genuity restated a “hold” rating and issued a $16.00 target price on shares of Marathon Oil Corporation in a research report on Thursday, November 3rd. Deutsche Bank AG restated a “buy” rating on shares of Marathon Oil Corporation in a research report on Friday, November 4th. Credit Suisse Group reiterated a “hold” rating and set a $20.00 price target on shares of Marathon Oil Corporation in a report on Friday, November 4th. Finally, Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $16.50 price target on the stock. in a report on Tuesday, November 15th. Fourteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.12.
Marathon Oil Corporation (NYSE:MRO) traded down 0.340% during mid-day trading on Thursday, hitting $16.115. 8,548,075 shares of the company were exchanged. The company’s market capitalization is $13.65 billion. Marathon Oil Corporation has a 12-month low of $6.52 and a 12-month high of $19.28. The company’s 50-day moving average is $17.10 and its 200 day moving average is $15.95.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Wednesday, February 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, February 13th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -9.26%.
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A number of large investors have recently bought and sold shares of MRO. Independent Advisor Alliance bought a new stake in Marathon Oil Corporation during the fourth quarter valued at $103,000. Global X Management Co. LLC increased its stake in Marathon Oil Corporation by 89.6% in the third quarter. Global X Management Co. LLC now owns 6,683 shares of the company’s stock valued at $106,000 after buying an additional 3,158 shares during the period. FTB Advisors Inc. increased its stake in Marathon Oil Corporation by 15.6% in the third quarter. FTB Advisors Inc. now owns 7,868 shares of the company’s stock valued at $123,000 after buying an additional 1,063 shares during the period. Exane Derivatives increased its stake in Marathon Oil Corporation by 7.7% in the third quarter. Exane Derivatives now owns 8,014 shares of the company’s stock valued at $127,000 after buying an additional 571 shares during the period. Finally, Trust Co. of Vermont increased its stake in Marathon Oil Corporation by 49.2% in the third quarter. Trust Co. of Vermont now owns 8,186 shares of the company’s stock valued at $130,000 after buying an additional 2,700 shares during the period. 81.96% of the stock is owned by hedge funds and other institutional investors.
Marathon Oil Corporation Company Profile
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment , which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.
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