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Marathon Oil (NYSE:MRO)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research report issued on Thursday, American Banking & Market News reports. They currently have a $42.00 price target on the stock, down from their previous price target of $44.00. Barclays’ price target points to a potential upside of 18.24% from the stock’s previous close.

Shares of Marathon Oil (NYSE:MRO) traded up 0.48% on Thursday, hitting $35.69. The stock had a trading volume of 5,854,716 shares. Marathon Oil has a 52 week low of $31.57 and a 52 week high of $38.18. The stock has a 50-day moving average of $35.57 and a 200-day moving average of $34.94. The company has a market cap of $24.874 billion and a P/E ratio of 9.99.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Monday, May 19th.

Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Marathon Oil from $43.00 to $47.00 in a research note on Wednesday, April 23rd. Separately, analysts at Wolfe Research initiated coverage on shares of Marathon Oil in a research note on Wednesday, March 26th. They set an “outperform” rating on the stock. Finally, analysts at Howard Weil initiated coverage on shares of Marathon Oil in a research note on Monday, March 24th. They set an “add” rating on the stock. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Marathon Oil presently has a consensus rating of “Buy” and an average target price of $42.01.

Marathon Oil Corporation (NYSE:MRO) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea.

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