Stock analysts at UBS Group assumed coverage on shares of Marathon Oil (NYSE:MRO) in a report released on Wednesday, March 7th, www.benzinga.com reports. The brokerage set a “neutral” rating and a $16.00 price target on the oil and gas producer’s stock. UBS Group’s price target would suggest a potential upside of 7.24% from the company’s previous close.
A number of other brokerages have also recently issued reports on MRO. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Wolfe Research lowered shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. raised shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Friday, December 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 target price on shares of Marathon Oil in a research note on Tuesday, February 27th. Finally, Credit Suisse Group initiated coverage on shares of Marathon Oil in a research note on Monday, December 11th. They issued an “outperform” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Hold” and an average target price of $18.23.
Shares of Marathon Oil (MRO) traded up $0.01 during mid-day trading on Wednesday, hitting $14.92. 1,404,337 shares of the stock were exchanged, compared to its average volume of 12,611,600. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $19.52. The firm has a market cap of $12,635.87, a PE ratio of -2.22, a price-to-earnings-growth ratio of 3.04 and a beta of 2.43. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS. research analysts forecast that Marathon Oil will post 0.47 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC bought a new position in Marathon Oil during the fourth quarter worth $592,000. Xact Kapitalforvaltning AB raised its stake in Marathon Oil by 11.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 83,303 shares of the oil and gas producer’s stock valued at $1,410,000 after purchasing an additional 8,551 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Marathon Oil by 23.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 430,677 shares of the oil and gas producer’s stock valued at $7,291,000 after purchasing an additional 82,478 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Marathon Oil in the fourth quarter valued at about $118,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Marathon Oil by 30.3% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 72,300 shares of the oil and gas producer’s stock valued at $1,224,000 after purchasing an additional 16,800 shares in the last quarter. 81.25% of the stock is currently owned by institutional investors and hedge funds.
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About Marathon Oil
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.
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