Marathon Oil Coverage Initiated at Deutsche Bank (MRO)
Deutsche Bank started coverage on shares of Marathon Oil (NYSE:MRO) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $46.00 price target on the stock. Deutsche Bank’s target price indicates a potential upside of 21.56% from the company’s current price.
MRO has been the subject of a number of other recent research reports. Analysts at Guggenheim cut their price target on shares of Marathon Oil from $47.00 to $45.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil in a research note on Thursday, May 22nd. They now have a $38.00 price target on the stock. Finally, 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. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Marathon Oil currently has a consensus rating of “Hold” and a consensus price target of $42.60.
Shares of Marathon Oil (NYSE:MRO) traded up 0.77% on Tuesday, hitting $38.13. The stock had a trading volume of 1,044,229 shares. Marathon Oil has a one year low of $31.57 and a one year high of $38.18. The stock has a 50-day moving average of $36.36 and a 200-day moving average of $35.01. The company has a market cap of $25.779 billion and a price-to-earnings ratio of 10.65.
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 2.01%. 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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