Marathon Oil (NYSE:MRO) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a report released on Thursday, January 4th, MarketBeat Ratings reports. The firm presently has a $21.00 price objective on the oil and gas producer’s stock. Bank of America’s price target points to a potential upside of 17.32% from the stock’s current price.
Other analysts have also issued research reports about the company. Credit Suisse Group began coverage on Marathon Oil in a report on Monday, December 11th. They issued an “outperform” rating and a $20.00 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price target on shares of Marathon Oil in a research report on Tuesday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Marathon Oil in a research report on Saturday, September 16th. Jefferies Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Marathon Oil in a research report on Friday, October 6th. Finally, Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.51.
Shares of Marathon Oil (NYSE MRO) opened at $17.90 on Thursday. Marathon Oil has a twelve month low of $10.55 and a twelve month high of $18.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. The stock has a market capitalization of $15,210.00, a PE ratio of -6.99 and a beta of 2.38.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 19.87% and a negative net margin of 48.58%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted ($0.23) earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. research analysts anticipate that Marathon Oil will post -0.33 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in MRO. Mackenzie Financial Corp acquired a new stake in Marathon Oil in the 3rd quarter valued at approximately $149,000. Glenview Trust Co increased its holdings in Marathon Oil by 13.5% in the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after purchasing an additional 1,550 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Marathon Oil in the 3rd quarter valued at approximately $159,000. Northwestern Mutual Wealth Management Co. increased its holdings in Marathon Oil by 21.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 2,486 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in Marathon Oil by 1.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.
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Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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