Shares of Marathon Oil (NYSE:MRO) have been assigned an average recommendation of “Hold” from the twenty-six ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $18.89.
MRO has been the subject of several analyst reports. R. F. Lafferty reiterated a “buy” rating and issued a $27.00 price objective (up from $26.00) on shares of Marathon Oil in a research report on Tuesday, February 20th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, February 2nd. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, January 4th. Morgan Stanley boosted their target price on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets restated a “hold” rating and issued a $20.00 target price on shares of Marathon Oil in a research note on Tuesday, February 27th.
Marathon Oil stock opened at $18.02 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.24. The stock has a market capitalization of $15,312.60, a P/E ratio of -47.42, a price-to-earnings-growth ratio of 3.21 and a beta of 2.30. Marathon Oil has a 12-month low of $10.55 and a 12-month high of $19.52.
Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in Marathon Oil by 0.8% in the 4th quarter. California State Teachers Retirement System now owns 1,506,305 shares of the oil and gas producer’s stock valued at $25,502,000 after buying an additional 12,600 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Marathon Oil by 6.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,703,803 shares of the oil and gas producer’s stock valued at $45,775,000 after buying an additional 161,462 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Marathon Oil by 49.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 32,910 shares of the oil and gas producer’s stock valued at $557,000 after buying an additional 10,950 shares in the last quarter. Hexavest Inc. grew its holdings in Marathon Oil by 0.9% in the 4th quarter. Hexavest Inc. now owns 1,011,219 shares of the oil and gas producer’s stock valued at $17,120,000 after buying an additional 8,917 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Marathon Oil by 9.8% during the 4th quarter. National Pension Service now owns 998,199 shares of the oil and gas producer’s stock worth $16,900,000 after purchasing an additional 89,280 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
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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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