Marathon Oil (NYSE:MRO) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, December 24th, ValuEngine reports.
Other equities analysts have also recently issued research reports about the stock. Citigroup assumed coverage on shares of Marathon Oil in a research note on Monday, September 23rd. They issued a “neutral” rating and a $13.00 price objective on the stock. Morgan Stanley decreased their target price on shares of Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Guggenheim assumed coverage on shares of Marathon Oil in a research note on Tuesday, November 26th. They set a “neutral” rating on the stock. Cfra cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Tudor Pickering cut shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Marathon Oil has an average rating of “Hold” and an average target price of $17.08.
MRO traded down $0.13 during midday trading on Tuesday, hitting $13.21. 8,331,161 shares of the company traded hands, compared to its average volume of 11,546,913. The company’s 50-day moving average is $13.03 and its 200 day moving average is $12.66. Marathon Oil has a 52 week low of $11.06 and a 52 week high of $18.93. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $10.54 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 5.36 and a beta of 2.34.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.10. Marathon Oil had a net margin of 15.51% and a return on equity of 5.56%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s quarterly revenue was down 19.3% on a year-over-year basis. On average, sell-side analysts predict that Marathon Oil will post 0.71 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Marathon Oil by 16.0% during the second quarter. BlackRock Inc. now owns 82,640,427 shares of the oil and gas producer’s stock worth $1,174,320,000 after buying an additional 11,401,401 shares during the period. Invesco Ltd. boosted its stake in Marathon Oil by 12.0% during the second quarter. Invesco Ltd. now owns 50,605,844 shares of the oil and gas producer’s stock worth $719,110,000 after buying an additional 5,420,834 shares during the period. Nuveen Asset Management LLC boosted its stake in Marathon Oil by 259.0% during the second quarter. Nuveen Asset Management LLC now owns 5,977,564 shares of the oil and gas producer’s stock worth $84,941,000 after buying an additional 4,312,323 shares during the period. Macquarie Group Ltd. boosted its stake in Marathon Oil by 8.8% during the second quarter. Macquarie Group Ltd. now owns 46,852,052 shares of the oil and gas producer’s stock worth $665,767,000 after buying an additional 3,789,808 shares during the period. Finally, Boston Partners lifted its position in shares of Marathon Oil by 13.4% during the second quarter. Boston Partners now owns 14,375,738 shares of the oil and gas producer’s stock worth $204,231,000 after purchasing an additional 1,698,509 shares during the last quarter. 82.12% of the stock is owned by hedge funds and other institutional investors.
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 and International. 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.