Brokerages Set Marathon Oil (MRO) PT at $18.89

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.

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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.



Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The company’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. sell-side analysts predict that Marathon Oil will post 0.54 EPS for the current fiscal year.

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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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