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Stock analysts at Argus upped their price target on shares of Marathon Oil (NYSE:MRO) from $45.00 to $47.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Argus’ price objective would suggest a potential upside of 17.74% from the stock’s previous close.

Marathon Oil (NYSE:MRO) traded up 0.65% on Thursday, hitting $40.18. The stock had a trading volume of 2,581,097 shares. Marathon Oil has a 52 week low of $31.57 and a 52 week high of $40.74. The stock’s 50-day moving average is $39.49 and its 200-day moving average is $36.60. The company has a market cap of $27.101 billion and a price-to-earnings ratio of 10.59.

Marathon Oil (NYSE:MRO) last announced its earnings results on Monday, August 4th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.13. On average, analysts predict that Marathon Oil will post $3.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, August 18th. This is a boost from Marathon Oil’s previous quarterly dividend of $0.19.

A number of other firms have also recently commented on MRO. Analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil in a research note on Thursday, August 7th. They now have a $41.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Marathon Oil from $55.00 to $51.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Marathon Oil in a research note on Wednesday, August 6th. They now have a $50.00 price target on the stock, up previously from $45.00. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and an average price target of $45.64.

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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