Marathon Oil (MRO) to Release Quarterly Earnings on Tuesday

Marathon Oil (NYSE:MROGet Free Report) is scheduled to be releasing its earnings data on Tuesday, February 13th.

Marathon Oil Price Performance

NYSE MRO opened at $22.45 on Monday. The company has a market capitalization of $13.14 billion, a PE ratio of 8.31 and a beta of 2.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.64. The business’s fifty day moving average is $23.58 and its 200 day moving average is $25.39. Marathon Oil has a fifty-two week low of $20.57 and a fifty-two week high of $29.56.

Marathon Oil declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 1st that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas producer to purchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Marathon Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 21st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.44 annualized dividend and a yield of 1.96%. Marathon Oil’s dividend payout ratio (DPR) is presently 16.30%.

Analysts Set New Price Targets

Several brokerages have weighed in on MRO. Stifel Nicolaus reduced their price objective on Marathon Oil from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Citigroup boosted their price objective on Marathon Oil from $31.00 to $32.50 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Piper Sandler reduced their price objective on Marathon Oil from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Susquehanna boosted their price objective on Marathon Oil from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, November 3rd. Finally, Raymond James reduced their price objective on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Oil currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.16.

Read Our Latest Stock Report on MRO

Institutional Trading of Marathon Oil

A number of institutional investors have recently made changes to their positions in MRO. ICA Group Wealth Management LLC raised its stake in Marathon Oil by 92.6% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 522 shares during the last quarter. KB Financial Partners LLC purchased a new position in Marathon Oil in the 1st quarter worth $31,000. First Capital Advisors Group LLC. purchased a new position in Marathon Oil in the 2nd quarter worth $31,000. Brown Brothers Harriman & Co. raised its stake in Marathon Oil by 90.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 647 shares during the last quarter. Finally, Covestor Ltd raised its stake in Marathon Oil by 76.6% in the 1st quarter. Covestor Ltd now owns 1,427 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 619 shares during the last quarter. Institutional investors and hedge funds own 76.62% of the company’s stock.

About Marathon Oil

(Get Free Report)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Earnings History for Marathon Oil (NYSE:MRO)

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