Marathon Oil Given New $45.00 Price Target at Guggenheim (MRO)
Investment analysts at Guggenheim lowered their price objective on shares of Marathon Oil (NYSE:MRO) from $47.00 to $45.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Guggenheim’s price target suggests a potential upside of 24.38% from the company’s current price.
A number of other analysts have also recently weighed in on MRO. Analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil in a research note on Thursday. They now have a $38.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Marathon Oil in a research note on Thursday, May 8th. They now have a $42.00 price target on the stock, down previously from $44.00. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.29.
Shares of Marathon Oil (NYSE:MRO) traded up 0.03% during mid-day trading on Friday, hitting $36.19. The stock had a trading volume of 280,637 shares. Marathon Oil has a one year low of $31.57 and a one year high of $38.18. The stock’s 50-day moving average is $35.99 and its 200-day moving average is $34.99. The company has a market cap of $24.467 billion and a P/E ratio of 10.18.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors 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 2.10%. The ex-dividend date is Monday, May 19th.
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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