UBS Group began coverage on shares of Marathon Oil (NYSE:MRO) in a research report released on Wednesday morning, www.benzinga.com reports. The brokerage issued a neutral rating and a $16.00 target price on the oil and gas producer’s stock.
Several other brokerages have also recently weighed in on MRO. Morgan Stanley boosted their price objective on Marathon Oil from $15.00 to $21.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Zacks Investment Research raised Marathon Oil from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Monday, January 15th. Jefferies Group restated a hold rating and set a $19.80 target price on shares of Marathon Oil in a research report on Friday, January 19th. Stifel Nicolaus set a $18.00 target price on Marathon Oil and gave the stock a hold rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets restated a hold rating and set a $21.00 target price on shares of Marathon Oil in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. Marathon Oil has an average rating of Hold and an average target price of $18.23.
Shares of Marathon Oil (MRO) opened at $15.22 on Wednesday. The firm has a market capitalization of $12,933.29, a PE ratio of -2.26, a price-to-earnings-growth ratio of 3.22 and a beta of 2.43. Marathon Oil has a twelve month low of $10.55 and a twelve month high of $19.52. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. Marathon Oil’s dividend payout ratio is presently -2.97%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in shares of Marathon Oil in the 4th quarter valued at approximately $117,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Marathon Oil in the 4th quarter valued at approximately $118,000. FTB Advisors Inc. grew its position in shares of Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 2,687 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Marathon Oil in the 3rd quarter valued at approximately $149,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Marathon Oil in the 3rd quarter valued at approximately $159,000. Institutional investors and hedge funds own 80.36% of the company’s stock.
Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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