Goldman Sachs reported on Friday that they have upgraded energy
company, Marathon Oil Corporation(
) to a "Buy."
The firm has upgraded MRO from "Neutral" to "Buy," and has
increased their price target from $35 to $39. This price target
suggests 22% increase from the stock's current price of $30.19.
An analyst from the firm commented, "we believe improved
execution and progress in the Eagle Ford and Bakken shale plays
favorably differentiates Marathon from other domestic oil
companies," the analyst said. "Capital intensity metrics (i.e.,
CAPEX/production) are expected to fall further in 2013 to below
average levels versus North America oil peers, while we think
Marathon is on-track to deliver a competitive mid-single digit
annual E&P volume growth rate over the medium term."
Marathon shares were up 63 cents, or 2.09% during premarket
trading Friday. The stock is up 3% YTD.
Marathon Oil is an international energy company, which focuses
on the exploration, refining, marketing, and production of natural
gas and other petroleum products. In its most recent quarter, the
company reported net income of $450 million, and revenue of $4.16
Marathon Dividend In Focus
Marathon has paid out a
dividend of 17 cents per share over the past four
, which represents a dividend yield of about 2.19%. The company
increased its dividend in November 2011 from 15 cents a share.
Marathon has not yet announced their next dividend payment. (view
for information on all upcoming ex-dividend dates).
Recent Marathon dividends include:
December 10, 2012:
September 9, 2012:
June 11, 2012:
March 12, 2012:
Although MRO increased its dividend payout in 2010, the company
decreased its payout in 2011.
Marathon vs. The Competition
Dividend.com has identified several stocks as direct competition
for Marathon Oil including Chevron Corp(
), and Exxon Mobil(
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Marathon Oil Corporation(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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, as well as a detailed explanation of
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