Marathon Oil - MRO Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Oil in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRO shares.
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17 Wall Street analysts have issued 12-month target prices for Marathon Oil's stock. Their MRO share price forecasts range from $25.00 to $48.00. On average, they predict the company's share price to reach $33.44 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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Marathon Oil's stock was trading at $16.42 at the beginning of the year. Since then, MRO shares have increased by 86.6% and is now trading at $30.64.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our MRO earnings forecast.

Marathon Oil Co. (NYSE:MRO) announced its earnings results on Wednesday, November, 3rd. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The oil and gas producer earned $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Marathon Oil had a trailing twelve-month return on equity of 27.76% and a net margin of 46.11%. During the same period last year, the company posted ($0.28) earnings per share.
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Marathon Oil announced a quarterly dividend on Wednesday, October 26th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.09 per share on Monday, December 12th. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, November 15th. This is a boost from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for MRO.

Marathon Oil (NYSE:MRO) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.21%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRO will have a dividend payout ratio of 8.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRO.

132 employees have rated Marathon Oil Chief Executive Officer Lee Tillman on Glassdoor.com. Lee Tillman has an approval rating of 56% among the company's employees. This puts Lee Tillman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Oil investors own include Bank of America (BAC), Exxon Mobil (XOM), Intel (INTC), NVIDIA (NVDA), Ford Motor (F), General Electric (GE), Marathon Petroleum (MPC), AT&T (T), Micron Technology (MU) and Chevron (CVX).

Marathon Oil trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRO."

Marathon Oil's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.42%), State Street Corp (7.35%), Dimensional Fund Advisors LP (1.36%), Fisher Asset Management LLC (1.18%), Bank of New York Mellon Corp (1.17%) and First Trust Advisors LP (1.04%). Insiders that own company stock include Dane E Whitehead, Gary Eugene Wilson, Lee M Tillman, Lee M Tillman, Michael A Henderson, Patrick Wagner and Rob L White.
View institutional ownership trends.

Shares of MRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRO stock can currently be purchased for approximately $30.64.

Marathon Oil (NYSE:MRO) has a market capitalization of $19.46 billion and generates $5.47 billion in revenue each year. The oil and gas producer earns $946 million in net income (profit) each year or $5.21 on an earnings per share basis.

The company employs 1,531 workers across the globe.

Marathon Oil's mailing address is 5555 SAN FELIPE STREET, HOUSTON TX, 77056. The official website for the company is www.marathonoil.com. The oil and gas producer can be reached via phone at (713) 629-6600, via email at investorrelations@marathonoil.com, or via fax at 713-296-2952.