Marathon Oil Co. (NYSE:MRO) has received a consensus recommendation of “Hold” from the twenty-six ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.26.

Several brokerages have recently issued reports on MRO. Morgan Stanley boosted their price target on shares of Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, January 15th. Jefferies Group reissued a “hold” rating and issued a $19.80 price target on shares of Marathon Oil in a report on Friday, January 19th. Stifel Nicolaus set a $18.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $21.00 price target on shares of Marathon Oil in a report on Thursday, January 11th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its position in Marathon Oil by 8.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 102,858 shares of the oil and gas producer’s stock worth $1,219,000 after buying an additional 7,767 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Marathon Oil during the 2nd quarter worth about $392,000. Nordea Investment Management AB lifted its position in Marathon Oil by 2.7% during the 2nd quarter. Nordea Investment Management AB now owns 45,027 shares of the oil and gas producer’s stock worth $534,000 after buying an additional 1,188 shares in the last quarter. Stifel Financial Corp lifted its position in Marathon Oil by 21.8% during the 2nd quarter. Stifel Financial Corp now owns 338,945 shares of the oil and gas producer’s stock worth $4,022,000 after buying an additional 60,563 shares in the last quarter. Finally, QS Investors LLC lifted its position in Marathon Oil by 12.0% during the 2nd quarter. QS Investors LLC now owns 103,683 shares of the oil and gas producer’s stock worth $1,229,000 after buying an additional 11,100 shares in the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Marathon Oil (NYSE MRO) traded down $0.02 during mid-day trading on Friday, hitting $16.76. 8,867,947 shares of the stock traded hands, compared to its average volume of 10,788,317. Marathon Oil has a one year low of $10.55 and a one year high of $19.52. The firm has a market cap of $14,090.00, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 5.28 and a beta of 2.34. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s payout ratio is presently -7.81%.

TRADEMARK VIOLATION WARNING: “Brokerages Set Marathon Oil Co. (MRO) PT at $18.26” was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/brokerages-set-marathon-oil-co-mro-pt-at-18-26/1848851.html.

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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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.