Fintel reports that on September 18, 2023, Mizuho maintained coverage of Marathon Oil (NYSE:MRO) with a Neutral recommendation.
Analyst price forecasts suggest 24.09% upside
As of August 31, 2023, Marathon Oil’s one-year average price target is 33.38. The forecast ranges from a low of $26.26 to a high of $42.00. The average price target represents an increase of 24.09% from its last reported closing price of 26.90.
Check out our ranking of companies with the biggest upside price targets.
Marathon Oil’s projected annual revenue is 8,341 million, an increase of 24.59%. Projected annual non-GAAP EPS is 4.35.
Marathon Oil Declares $0.10 Dividend
On July 26, 2023, the Company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 16, 2023 received payment on September 11, 2023. Previously, the company paid $0.10 per share.
At the current stock price of $26.90/share, the stock’s dividend yield is 1.49%.
Looking back five years and taking a sample each week, the average dividend yield was 1.60%, the lowest 0.84% and the highest 6.17%. The standard deviation of the returns is 0.81 (n=217).
The current dividend yield is 0.14 standard deviations lower than the historical average.
Additionally, the company’s dividend payout ratio is 0.12. The payout ratio tells us how much of a company’s earnings are paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out as dividends. A payout ratio greater than one means the company is dipping into its savings in order to maintain its dividend – which is not a healthy situation. Companies with little growth prospects are expected to pay out most of their earnings as dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain some of their profits in order to invest in those growth prospects, resulting in a payout ratio of zero to 0.5.
What is the sentiment of the fund?
There are 1,465 funds or institutions reporting positions in Marathon Oil. This is a decrease of 49 owner(s) or 3.24% over the last quarter. Average portfolio weight of all funds dedicated to MRO is 0.21%, down 11.80%. Total shares held by institutions decreased by 3.79% over the past three months, to 521,214,000 shares. MRO’s put/call ratio is 0.96, indicating a bullish outlook.
What are the other shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 19,306,000 shares representing 3.19% of the company. In its previous filing, the company reported holding 19,475,000 shares, which represents a decrease of 0.88%. The company decreases its portfolio allocation to MRO of 12.13% over the last quarter.
Invesco owns 18,483,000 shares representing 3.05% of the company. In its previous filing, the company reported holding 15,928,000 shares, which represents a raise of 13.83%. The company increase its portfolio allocation to MRO of 1,031.93% over the last quarter.
XLE – The Energy Select Sector SPDR fund holds 16,304,000 shares representing 2.69% of the company. In its previous filing, the company reported holding 18,251,000 shares, which represents a decrease of 11.94%. The company decreases its portfolio allocation to MRO of 2.62% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 14,705,000 shares representing 2.43% of the company. In its previous filing, the company reported holding 14,819,000 shares, which represents a decrease of 0.77%. The company decreases its portfolio allocation to MRO of 13.65% over the last quarter.
Hotchkis & Wiley Capital Management owns 14,650,000 shares representing 2.42% of the company. In its previous filing, the company reported holding 14,530,000 shares, which represents a raise of 0.82%. The company decreases its portfolio allocation to MRO of 6.75% over the last quarter.
General information about marathon oil
(This description is provided by the company.)
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration. The Company is engaged in the exploration, production and marketing of crude oil and condensates, natural gas liquids and natural gas; and the production and marketing of products made from natural gas.
Fintel is one of the most comprehensive investment research platforms available to individual investors, traders, financial advisors and small hedge funds.
Our data spans the globe and includes fundamentals, analyst reports, fund ownership and sentiment data, options sentiment, insider trading, options flows, stock trades, unusual options and much more. Additionally, our proprietary stock picks leverage advanced, backtested quantitative models to enhance profits.
Click for more information
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Fintel reports that on September 18, 2023, Mizuho maintained coverage of Marathon Oil (NYSE:MRO) with a Neutral recommendation.
Analyst price forecasts suggest 24.09% upside
As of August 31, 2023, Marathon Oil’s one-year average price target is 33.38. The forecast ranges from a low of $26.26 to a high of $42.00. The average price target represents an increase of 24.09% from its last reported closing price of 26.90.
Check out our ranking of companies with the biggest upside price targets.
Marathon Oil’s projected annual revenue is 8,341 million, an increase of 24.59%. Projected annual non-GAAP EPS is 4.35.
Marathon Oil Declares $0.10 Dividend
On July 26, 2023, the Company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 16, 2023 received payment on September 11, 2023. Previously, the company paid $0.10 per share.
At the current stock price of $26.90/share, the stock’s dividend yield is 1.49%.
Looking back five years and taking a sample each week, the average dividend yield was 1.60%, the lowest 0.84% and the highest 6.17%. The standard deviation of the returns is 0.81 (n=217).
The current dividend yield is 0.14 standard deviations lower than the historical average.
Additionally, the company’s dividend payout ratio is 0.12. The payout ratio tells us how much of a company’s earnings are paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out as dividends. A payout ratio greater than one means the company is dipping into its savings in order to maintain its dividend – which is not a healthy situation. Companies with little growth prospects are expected to pay out most of their earnings as dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain some of their profits in order to invest in those growth prospects, resulting in a payout ratio of zero to 0.5.
What is the sentiment of the fund?
There are 1,465 funds or institutions reporting positions in Marathon Oil. This is a decrease of 49 owner(s) or 3.24% over the last quarter. Average portfolio weight of all funds dedicated to MRO is 0.21%, down 11.80%. Total shares held by institutions decreased by 3.79% over the past three months, to 521,214,000 shares. MRO’s put/call ratio is 0.96, indicating a bullish outlook.
What are the other shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 19,306,000 shares representing 3.19% of the company. In its previous filing, the company reported holding 19,475,000 shares, which represents a decrease of 0.88%. The company decreases its portfolio allocation to MRO of 12.13% over the last quarter.
Invesco owns 18,483,000 shares representing 3.05% of the company. In its previous filing, the company reported holding 15,928,000 shares, which represents a raise of 13.83%. The company increase its portfolio allocation to MRO of 1,031.93% over the last quarter.
XLE – The Energy Select Sector SPDR fund holds 16,304,000 shares representing 2.69% of the company. In its previous filing, the company reported holding 18,251,000 shares, which represents a decrease of 11.94%. The company decreases its portfolio allocation to MRO of 2.62% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 14,705,000 shares representing 2.43% of the company. In its previous filing, the company reported holding 14,819,000 shares, which represents a decrease of 0.77%. The company decreases its portfolio allocation to MRO of 13.65% over the last quarter.
Hotchkis & Wiley Capital Management owns 14,650,000 shares representing 2.42% of the company. In its previous filing, the company reported holding 14,530,000 shares, which represents a raise of 0.82%. The company decreases its portfolio allocation to MRO of 6.75% over the last quarter.
General information about marathon oil
(This description is provided by the company.)
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration. The Company is engaged in the exploration, production and marketing of crude oil and condensates, natural gas liquids and natural gas; and the production and marketing of products made from natural gas.
Fintel is one of the most comprehensive investment research platforms available to individual investors, traders, financial advisors and small hedge funds.
Our data spans the globe and includes fundamentals, analyst reports, fund ownership and sentiment data, options sentiment, insider trading, options flows, stock trades, unusual options and much more. Additionally, our proprietary stock picks leverage advanced, backtested quantitative models to enhance profits.
Click for more information
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.