Marathon Oil (NYSE:MRO) Shares Gap Down to $24.59

Shares of Marathon Oil Co. (NYSE:MROGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $24.59, but opened at $23.24. Marathon Oil shares last traded at $22.41, with a volume of 165,633 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MRO shares. The Goldman Sachs Group lowered their price target on shares of Marathon Oil from $29.00 to $25.00 and set a “sell” rating on the stock in a report on Tuesday, July 5th. StockNews.com upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 15th. Mizuho cut their price target on Marathon Oil from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 18th. Citigroup boosted their price target on Marathon Oil from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Bank of America reduced their target price on shares of Marathon Oil from $28.00 to $25.00 and set an “underperform” rating for the company in a research note on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.38.

Marathon Oil Stock Down 11.0 %

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 firm has a market capitalization of $15.49 billion, a P/E ratio of 5.30, a price-to-earnings-growth ratio of 0.36 and a beta of 2.48. The business has a 50 day moving average price of $24.38 and a 200 day moving average price of $25.20.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.46%. Marathon Oil’s dividend payout ratio (DPR) is presently 7.58%.

Insider Activity

In related news, CFO Dane E. Whitehead sold 33,252 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $26.01, for a total transaction of $864,884.52. Following the transaction, the chief financial officer now owns 257,682 shares of the company’s stock, valued at $6,702,308.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marathon Oil

Several hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA bought a new stake in shares of Marathon Oil in the 2nd quarter worth approximately $79,000. B. Riley Wealth Management Inc. bought a new position in Marathon Oil in the second quarter worth $206,000. Amundi boosted its stake in Marathon Oil by 167.9% during the second quarter. Amundi now owns 3,776,071 shares of the oil and gas producer’s stock worth $77,070,000 after buying an additional 2,366,649 shares in the last quarter. Verition Fund Management LLC increased its holdings in Marathon Oil by 23.7% in the 2nd quarter. Verition Fund Management LLC now owns 169,976 shares of the oil and gas producer’s stock valued at $3,821,000 after buying an additional 32,538 shares during the period. Finally, Prelude Capital Management LLC raised its stake in shares of Marathon Oil by 366.4% in the 2nd quarter. Prelude Capital Management LLC now owns 42,340 shares of the oil and gas producer’s stock valued at $952,000 after buying an additional 33,262 shares in the last quarter. Institutional investors own 75.16% of the company’s stock.

Marathon Oil Company Profile

(Get Rating)

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.

Featured Articles

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.