Marathon Oil (MRO) Raised to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Marathon Oil (NYSE:MRO) from a market perform rating to an outperform rating in a research report released on Monday morning, The Fly reports. The analysts noted that the move was a valuation call.

Several other research analysts have also issued reports on the company. Stifel Nicolaus set a $21.00 target price on Marathon Oil and gave the stock a hold rating in a research report on Wednesday, August 29th. Barclays started coverage on Marathon Oil in a research report on Wednesday, August 29th. They issued an overweight rating and a $25.00 target price for the company. Seaport Global Securities reissued a buy rating on shares of Marathon Oil in a research report on Friday, September 7th. Zacks Investment Research raised Marathon Oil from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a research report on Wednesday, July 4th. Finally, Piper Jaffray Companies reissued an overweight rating on shares of Marathon Oil in a research report on Friday, September 28th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $22.79.

NYSE MRO opened at $20.55 on Monday. Marathon Oil has a fifty-two week low of $13.28 and a fifty-two week high of $24.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.51 and a quick ratio of 1.45. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of -54.08, a price-to-earnings-growth ratio of 1.67 and a beta of 2.40.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business posted ($0.24) EPS. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, research analysts expect that Marathon Oil will post 0.76 earnings per share for the current year.

In related news, VP Thomas Mitchell Little sold 117,333 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the transaction, the vice president now owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of MRO. First Mercantile Trust Co. bought a new position in Marathon Oil during the 2nd quarter valued at approximately $111,000. Summit Trail Advisors LLC increased its position in Marathon Oil by 1,935.8% during the 1st quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock valued at $128,000 after buying an additional 121,741 shares in the last quarter. Centaurus Financial Inc. bought a new position in Marathon Oil during the 2nd quarter valued at approximately $133,000. Mount Yale Investment Advisors LLC bought a new position in Marathon Oil during the 2nd quarter valued at approximately $133,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Marathon Oil by 146.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 4,144 shares in the last quarter. 80.54% of the stock is owned by institutional investors.

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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