Marathon Oil Co. (NYSE:MRO) has earned a consensus rating of “Buy” from the twenty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.63.
A number of analysts have recently commented on the company. Mizuho started coverage on Marathon Oil in a research report on Monday, July 23rd. They issued a “neutral” rating and a $28.00 price target on the stock. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, July 31st. Morgan Stanley started coverage on shares of Marathon Oil in a report on Thursday, July 12th. They issued an “equal weight” rating and a $23.00 price objective for the company. Royal Bank of Canada set a $27.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a report on Thursday, September 20th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $22.80 price objective on shares of Marathon Oil in a report on Wednesday, August 15th.
Shares of MRO traded down $0.34 during mid-day trading on Thursday, reaching $20.55. The company had a trading volume of 8,820,500 shares, compared to its average volume of 12,114,810. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45. Marathon Oil has a 52 week low of $13.28 and a 52 week high of $24.20. The stock has a market cap of $19.88 billion, a P/E ratio of -54.45, a P/E/G ratio of 1.96 and a beta of 2.39.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned ($0.24) earnings per share. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Oil will post 0.79 EPS for the current year.
In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the sale, the vice president now directly owns 394,569 shares in the company, valued at approximately $8,163,632.61. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Marathon Oil by 1.3% during the 2nd quarter. BlackRock Inc. now owns 68,516,539 shares of the oil and gas producer’s stock valued at $1,429,255,000 after acquiring an additional 873,896 shares during the period. Millennium Management LLC boosted its holdings in Marathon Oil by 17.0% in the 1st quarter. Millennium Management LLC now owns 21,759,825 shares of the oil and gas producer’s stock worth $350,986,000 after buying an additional 3,163,372 shares during the period. Boston Partners boosted its holdings in Marathon Oil by 474.2% in the 2nd quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock worth $422,312,000 after buying an additional 16,719,492 shares during the period. Northern Trust Corp boosted its holdings in Marathon Oil by 3.0% in the 2nd quarter. Northern Trust Corp now owns 11,489,580 shares of the oil and gas producer’s stock worth $239,673,000 after buying an additional 335,262 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Marathon Oil by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,886,008 shares of the oil and gas producer’s stock worth $185,354,000 after buying an additional 904,437 shares during the period. Institutional investors and hedge funds own 80.62% of the company’s stock.
Marathon Oil Company Profile
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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