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.

Marathon Oil Trading Up 1.4 %

NYSE:MRO opened at $21.77 on Monday. Marathon Oil has a 12 month low of $10.41 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.18 and a quick ratio of 1.14. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 0.32 and a beta of 2.54. The firm's fifty day moving average price is $24.71 and its 200 day moving average price is $24.34.

Marathon Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Wednesday, August 17th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.47%. Marathon Oil's dividend payout ratio (DPR) is presently 7.58%.

Analyst Upgrades and Downgrades

MRO has been the topic of a number of research reports. Susquehanna Bancshares raised shares of Marathon Oil from a "neutral" rating to a "positive" rating and set a $32.00 price target on the stock in a research note on Monday, April 25th. Morgan Stanley dropped their price target on Marathon Oil from $33.00 to $31.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 19th. Piper Sandler lifted their target price on shares of Marathon Oil from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, July 22nd. Citigroup cut shares of Marathon Oil from a "buy" rating to a "neutral" rating and reduced their target price for the company from $31.00 to $24.00 in a research report on Friday, June 24th. Finally, Truist Financial boosted their price target on shares of Marathon Oil from $34.00 to $41.00 in a research report on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.88.

Insider Activity at Marathon Oil

In related news, CFO Dane E. Whitehead sold 30,291 shares of Marathon Oil stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $28.03, for a total transaction of $849,056.73. Following the completion of the transaction, the chief financial officer now directly owns 290,934 shares of the company's stock, valued at $8,154,880.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Dane E. Whitehead sold 79,711 shares of the firm's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $28.18, for a total value of $2,246,255.98. Following the transaction, the chief financial officer now directly owns 321,225 shares in the company, valued at approximately $9,052,120.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dane E. Whitehead sold 30,291 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $28.03, for a total transaction of $849,056.73. Following the completion of the transaction, the chief financial officer now owns 290,934 shares in the company, valued at approximately $8,154,880.02. The disclosure for this sale can be found here. Company insiders own 0.52% of the company's stock.