Marathon Oil (NYSE:MRO) had its target price upped by R. F. Lafferty from $26.00 to $27.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. R. F. Lafferty’s price objective would suggest a potential upside of 68.22% from the stock’s current price.
Other analysts also recently issued reports about the company. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, January 4th. Seaport Global Securities upgraded Marathon Oil from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, November 6th. Jefferies Group upped their price objective on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.32.
Marathon Oil (NYSE MRO) traded up $0.45 during trading on Tuesday, reaching $16.05. The company’s stock had a trading volume of 13,340,993 shares, compared to its average volume of 12,693,336. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. The firm has a market capitalization of $13,300.00, a price-to-earnings ratio of -16.37, a price-to-earnings-growth ratio of 3.57 and a beta of 2.34. Marathon Oil has a 12 month low of $10.55 and a 12 month high of $19.52.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in 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 worth $314,838,000 after acquiring an additional 8,385,155 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Marathon Oil during the third quarter worth about $81,114,000. Hotchkis & Wiley Capital Management LLC increased its stake in Marathon Oil by 10.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after acquiring an additional 3,767,268 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Marathon Oil during the fourth quarter worth about $63,616,000. Finally, AXA increased its stake in Marathon Oil by 735.2% during the third quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock worth $37,231,000 after acquiring an additional 2,416,889 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
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About Marathon Oil
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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