Shares of Marathon Oil (NYSE:MRO) have been given a consensus recommendation of “Hold” by the twenty-six research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $18.89.
Several research firms recently commented on MRO. Morgan Stanley raised their target price on Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, January 15th. Jefferies Group reaffirmed a “hold” rating and set a $19.80 target price on shares of Marathon Oil in a research note on Friday, January 19th. Stifel Nicolaus set a $18.00 target price on Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $21.00 target price on shares of Marathon Oil in a research note on Thursday, January 11th.
Shares of MRO opened at $18.02 on Thursday. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. The stock has a market cap of $15,312.60, a PE ratio of -47.42, a P/E/G ratio of 3.21 and a beta of 2.30.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. research analysts anticipate that Marathon Oil will post 0.54 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in Marathon Oil by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 29,310,818 shares of the oil and gas producer’s stock valued at $496,234,000 after acquiring an additional 162,885 shares during the period. Millennium Management LLC boosted its position in shares of Marathon Oil by 82.1% during the fourth quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock valued at $314,838,000 after buying an additional 8,385,155 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Marathon Oil by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 10,149,471 shares of the oil and gas producer’s stock valued at $171,516,000 after buying an additional 703,502 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Marathon Oil by 12.3% during the fourth quarter. Bank of New York Mellon Corp now owns 7,971,784 shares of the oil and gas producer’s stock valued at $134,962,000 after buying an additional 874,640 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Marathon Oil by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,998,450 shares of the oil and gas producer’s stock valued at $67,694,000 after buying an additional 159,449 shares during the last quarter. 81.28% of the stock is owned by hedge funds and other institutional investors.
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About Marathon Oil
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. 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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