Marathon Oil (NYSE:MRO) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Marathon Oil (NYSE:MRO) from a sell rating to a hold rating in a report issued on Tuesday morning, ValuEngine reports.

Several other equities research analysts have also commented on MRO. Evercore ISI set a $21.00 price objective on Marathon Oil and gave the stock a hold rating in a research note on Wednesday, August 7th. Wells Fargo & Co boosted their price target on Marathon Oil from $20.00 to $21.00 and gave the company an outperform rating in a report on Friday, September 20th. Royal Bank of Canada set a $21.00 price target on Marathon Oil and gave the company a buy rating in a report on Friday, August 9th. Tudor Pickering downgraded Marathon Oil from a buy rating to a hold rating and set a $16.00 price objective on the stock. in a research note on Tuesday, September 24th. Finally, Morgan Stanley lowered their price objective on Marathon Oil from $16.00 to $15.00 and set an equal weight rating on the stock in a research report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $19.86.

Marathon Oil stock traded up $0.47 during mid-day trading on Tuesday, reaching $12.23. 1,940,815 shares of the stock traded hands, compared to its average volume of 12,340,788. Marathon Oil has a 12-month low of $11.06 and a 12-month high of $18.93. The business’s 50-day moving average is $11.93 and its 200-day moving average is $12.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 1.03. The stock has a market capitalization of $9.32 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.18 and a beta of 2.31.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.10. Marathon Oil had a return on equity of 5.56% and a net margin of 15.51%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. Equities analysts anticipate that Marathon Oil will post 0.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.64%. Marathon Oil’s payout ratio is 28.17%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River Wealth Advisors LLC lifted its position in Marathon Oil by 3.8% during the second quarter. River Wealth Advisors LLC now owns 20,973 shares of the oil and gas producer’s stock valued at $298,000 after purchasing an additional 765 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Marathon Oil by 7.1% in the 3rd quarter. Moors & Cabot Inc. now owns 16,413 shares of the oil and gas producer’s stock valued at $198,000 after acquiring an additional 1,082 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Marathon Oil by 5.4% in the 3rd quarter. Wetherby Asset Management Inc. now owns 21,297 shares of the oil and gas producer’s stock valued at $261,000 after acquiring an additional 1,085 shares during the last quarter. Hallmark Capital Management Inc. grew its position in Marathon Oil by 8.9% in the second quarter. Hallmark Capital Management Inc. now owns 13,420 shares of the oil and gas producer’s stock worth $191,000 after acquiring an additional 1,100 shares in the last quarter. Finally, National Asset Management Inc. grew its position in Marathon Oil by 9.3% in the second quarter. National Asset Management Inc. now owns 13,074 shares of the oil and gas producer’s stock worth $186,000 after acquiring an additional 1,112 shares in the last quarter. 82.47% 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.

Recommended Story: Trading Options- What is a Strangle?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.