Marathon Oil (NYSE:MRO) had its price target boosted by Wells Fargo & Co from $20.00 to $21.00 in a report issued on Friday, September 20th, BenzingaRatingsTable reports. They currently have an outperform rating on the oil and gas producer’s stock.
Several other equities analysts have also issued reports on the stock. Morgan Stanley dropped their target price on shares of Marathon Oil from $17.00 to $16.00 and set an equal weight rating on the stock in a report on Friday, July 12th. Seaport Global Securities reiterated a buy rating on shares of Marathon Oil in a report on Friday, June 21st. Capital One Financial upgraded shares of Marathon Oil from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. Atlantic Securities lowered shares of Marathon Oil from an overweight rating to a neutral rating and dropped their price objective for the company from $20.50 to $15.00 in a report on Thursday, June 13th. Finally, Evercore ISI set a $21.00 price objective on shares of Marathon Oil and gave the company a hold rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $21.22.
Shares of NYSE MRO traded up $0.34 during midday trading on Friday, reaching $11.74. 9,596,379 shares of the company were exchanged, compared to its average volume of 13,876,541. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 0.41. Marathon Oil has a one year low of $11.06 and a one year high of $21.26. The stock has a market cap of $9.00 billion, a P/E ratio of 16.54, a PEG ratio of 1.90 and a beta of 2.26. The stock’s 50-day moving average price is $12.20 and its 200-day moving average price is $14.13.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.12. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Marathon Oil had a net margin of 16.15% and a return on equity of 6.32%. Marathon Oil’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that Marathon Oil will post 0.74 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC grew its position in Marathon Oil by 268.8% during the 2nd quarter. NuWave Investment Management LLC now owns 1,763 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 1,285 shares during the last quarter. Rational Advisors LLC lifted its stake in shares of Marathon Oil by 268.8% in the 2nd quarter. Rational Advisors LLC now owns 1,763 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 1,285 shares during the period. North Star Investment Management Corp. acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $25,000. Meridian Wealth Management LLC acquired a new position in shares of Marathon Oil in the 1st quarter valued at $33,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of Marathon Oil in the 2nd quarter valued at $33,000. 82.84% of the stock is owned by hedge funds and other institutional investors.
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 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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