Marathon Oil PT Raised to $45.00 at Argus (MRO)
Research analysts at Argus increased their price target on shares of Marathon Oil (NYSE:MRO) from $42.00 to $45.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Argus’ price objective suggests a potential upside of 18.92% from the company’s current price.
A number of other firms have also recently commented on MRO. Analysts at Deutsche Bank initiated coverage on shares of Marathon Oil in a research note on Tuesday. They set a “buy” rating and a $46.00 price target on the stock. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Marathon Oil presently has an average rating of “Hold” and an average target price of $43.58.
Marathon Oil (NYSE:MRO) traded up 0.66% on Tuesday, hitting $38.09. 3,750,386 shares of the company’s stock traded hands. 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 $36.36 and a 200-day moving average of $35.01. The company has a market cap of $25.752 billion and a P/E 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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