Marathon Oil Reaches New 1-Year High at $40.84 (MRO)
Marathon Oil (NYSE:MRO) hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $40.84 and last traded at $40.66, with a volume of 2,231,802 shares traded. The stock had previously closed at $40.37.
A number of research firms have recently commented on MRO. Analysts at Argus raised their price target on shares of Marathon Oil from $45.00 to $47.00 in a research note on Thursday, August 21st. 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, August 7th. They now have a $41.00 price target on the stock. Finally, 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. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $45.64.
The stock’s 50-day moving average is $39.5 and its 200-day moving average is $36.8. The company has a market cap of $27.475 billion and a price-to-earnings ratio of 10.71.
Marathon Oil (NYSE:MRO) last released its earnings data on Monday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.13. On average, analysts predict that Marathon Oil will post $3.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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 2.08%. The ex-dividend date is Monday, August 18th. This is an increase from Marathon Oil’s previous quarterly dividend of $0.19.
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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