Marathon Oil Co. (MRO) Given Average Recommendation of “Hold” by Brokerages

Marathon Oil Co. (NYSE:MRO) has been assigned an average rating of “Hold” from the twenty-six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.71.

MRO has been the subject of several recent research reports. Jefferies Group reissued a “hold” rating and set a $14.00 target price on shares of Marathon Oil in a report on Thursday, October 19th. Royal Bank of Canada set a $16.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a report on Wednesday, October 11th. JPMorgan Chase & Co. raised shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Friday, December 15th. Barclays lifted their price objective on shares of Marathon Oil from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. Finally, BMO Capital Markets set a $17.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a report on Tuesday, October 10th.

Shares of Marathon Oil (MRO) traded up $0.08 during trading on Tuesday, hitting $17.97. 7,096,700 shares of the company traded hands, compared to its average volume of 10,380,480. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil has a 12-month low of $10.55 and a 12-month high of $18.15. The stock has a market capitalization of $15,330.00, a PE ratio of -7.02 and a beta of 2.38.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted ($0.23) earnings per share. The firm’s revenue was up 26.5% compared to the same quarter last year. analysts predict that Marathon Oil will post -0.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.11%. Marathon Oil’s dividend payout ratio is currently -7.81%.

Several hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its stake in shares of Marathon Oil by 1.5% during the third quarter. Parametric Portfolio Associates LLC now owns 2,859,145 shares of the oil and gas producer’s stock worth $38,770,000 after purchasing an additional 42,590 shares in the last quarter. AXA increased its stake in shares of 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 purchasing an additional 2,416,889 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Marathon Oil during the third quarter worth about $399,000. GeoSphere Capital Management purchased a new stake in shares of Marathon Oil during the third quarter worth about $484,000. Finally, California Public Employees Retirement System increased its stake in shares of Marathon Oil by 3.9% during the third quarter. California Public Employees Retirement System now owns 2,368,770 shares of the oil and gas producer’s stock worth $32,121,000 after purchasing an additional 88,235 shares in the last quarter. 80.34% of the stock is owned by institutional investors and hedge funds.

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Marathon Oil Company Profile

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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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