Marathon Oil (NYSE:MRO) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.
A number of other equities analysts also recently weighed in on MRO. Raymond James set a $24.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Sunday, December 30th. Citigroup raised Marathon Oil from a “neutral” rating to a “buy” rating in a research report on Friday, December 21st. Wolfe Research raised Marathon Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. BMO Capital Markets raised Marathon Oil from a “market perform” rating to an “outperform” rating in a research report on Monday, October 15th. They noted that the move was a valuation call. Finally, Mizuho raised Marathon Oil from a “neutral” rating to a “buy” rating and decreased their target price for the company from $28.00 to $27.00 in a research report on Friday, October 19th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Marathon Oil presently has an average rating of “Buy” and a consensus target price of $23.39.
Shares of Marathon Oil stock opened at $17.08 on Monday. The stock has a market capitalization of $14.04 billion, a PE ratio of 24.06, a PEG ratio of 6.08 and a beta of 2.22. Marathon Oil has a one year low of $12.57 and a one year high of $24.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.43.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.42 billion. Marathon Oil had a return on equity of 4.98% and a net margin of 16.65%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. Analysts predict that Marathon Oil will post 0.26 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Financial Advisors Inc. acquired a new stake in Marathon Oil in the fourth quarter valued at $25,000. Executive Wealth Management LLC acquired a new stake in Marathon Oil during the 4th quarter worth about $27,000. JNBA Financial Advisors acquired a new stake in Marathon Oil during the 4th quarter worth about $29,000. We Are One Seven LLC acquired a new stake in Marathon Oil during the 4th quarter worth about $42,000. Finally, Doyle Wealth Management acquired a new stake in Marathon Oil during the 4th quarter worth about $53,000. Institutional investors own 80.08% of the company’s stock.
About Marathon Oil
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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