Marathon Oil (NYSE:MRO) had its target price lowered by Morgan Stanley from $17.00 to $16.00 in a research report released on Friday morning, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the oil and gas producer’s stock.
Several other equities analysts have also issued reports on the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Atlantic Securities cut Marathon Oil from an overweight rating to a neutral rating and dropped their price objective for the stock from $20.50 to $15.00 in a report on Thursday, June 13th. Capital One Financial upgraded Cimarex Energy from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. Seaport Global Securities reiterated a buy rating on shares of W&T Offshore in a report on Friday, June 21st. Finally, TheStreet cut Upland Software from a b- rating to a c+ rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $22.45.
Shares of Marathon Oil stock opened at $13.48 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.28 and a beta of 2.24. The firm’s 50-day moving average price is $13.67. Marathon Oil has a 12 month low of $12.57 and a 12 month high of $24.20.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.18 EPS. Marathon Oil’s revenue for the quarter was down 30.9% compared to the same quarter last year. On average, analysts expect that Marathon Oil will post 0.78 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MRO. Norges Bank purchased a new position in shares of Marathon Oil in the 4th quarter valued at approximately $122,747,000. Macquarie Group Ltd. lifted its stake in shares of Marathon Oil by 17.8% in the 4th quarter. Macquarie Group Ltd. now owns 41,766,089 shares of the oil and gas producer’s stock valued at $598,926,000 after purchasing an additional 6,298,905 shares during the period. Boston Partners lifted its stake in shares of Marathon Oil by 65.7% in the 1st quarter. Boston Partners now owns 12,677,229 shares of the oil and gas producer’s stock valued at $211,836,000 after purchasing an additional 5,025,433 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Marathon Oil by 1,221.0% in the 1st quarter. Marshall Wace North America L.P. now owns 3,660,636 shares of the oil and gas producer’s stock valued at $61,170,000 after purchasing an additional 3,383,518 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Marathon Oil by 4.2% in the 1st quarter. BlackRock Inc. now owns 71,239,026 shares of the oil and gas producer’s stock valued at $1,190,404,000 after purchasing an additional 2,893,945 shares during the period. Institutional investors own 81.95% of the company’s stock.
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.
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