Marathon Oil - MRO Stock Forecast, Price & News

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. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

Analyst Ratings Changes

MRO has been the topic of several recent research reports. Susquehanna Bancshares upgraded shares of Marathon Oil from a "neutral" rating to a "positive" rating and set a $32.00 target price on the stock in a report on Monday, April 25th. Susquehanna raised Marathon Oil from a "neutral" rating to a "positive" rating and set a $32.00 target price for the company in a research report on Monday, April 25th. Piper Sandler upped their price target on Marathon Oil from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, July 22nd. Barclays boosted their price objective on Marathon Oil from $30.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, June 14th. Finally, The Goldman Sachs Group cut their price objective on Marathon Oil from $29.00 to $25.00 and set a "sell" rating for the company in a research report on Tuesday, July 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Marathon Oil currently has an average rating of "Moderate Buy" and a consensus target price of $30.88.

Marathon Oil Stock Performance

Shares of Marathon Oil stock traded up $0.15 on Friday, reaching $24.06. 13,307,541 shares of the company traded hands, compared to its average volume of 14,310,470. Marathon Oil has a 52 week low of $10.41 and a 52 week high of $33.24. The company has a 50 day moving average of $23.86 and a 200 day moving average of $24.40. The firm has a market capitalization of $17.03 billion, a PE ratio of 5.70, a PEG ratio of 0.34 and a beta of 2.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.18 and a quick ratio of 1.14.

Marathon Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, August 16th. Marathon Oil's dividend payout ratio (DPR) is presently 7.58%.

Insiders Place Their Bets

In other news, CFO Dane E. Whitehead sold 30,291 shares of Marathon Oil stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $28.03, for a total transaction of $849,056.73. Following 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 Securities & Exchange Commission, which is available at the SEC website. In related 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 value of $849,056.73. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this link. Also, CFO Dane E. Whitehead sold 79,711 shares of the company's stock in a transaction dated Monday, May 16th. The shares were 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 owns 321,225 shares in the company, valued at $9,052,120.50. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.