Recent Analysts’ Ratings Changes for Marathon Oil (MRO)

Marathon Oil (NYSE: MRO) has recently received a number of price target changes and ratings updates:

  • 10/4/2019 – Marathon Oil had its price target lowered by analysts at Morgan Stanley from $16.00 to $15.00. They now have an “equal weight” rating on the stock.
  • 10/2/2019 – Marathon Oil was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/24/2019 – Marathon Oil was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating. They now have a $16.00 price target on the stock.
  • 9/23/2019 – Marathon Oil is now covered by analysts at Citigroup Inc. They set a “neutral” rating and a $13.00 price target on the stock.
  • 9/20/2019 – Marathon Oil had its price target raised by analysts at Wells Fargo & Co from $20.00 to $21.00. They now have an “outperform” rating on the stock.
  • 8/12/2019 – Marathon Oil had its price target lowered by analysts at Wells Fargo & Co from $21.00 to $20.00. They now have an “outperform” rating on the stock.

Shares of MRO stock traded up $0.05 during trading hours on Wednesday, reaching $11.14. 120,671 shares of the company traded hands, compared to its average volume of 11,654,623. Marathon Oil Co. has a 12-month low of $11.07 and a 12-month high of $23.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.09 and a quick ratio of 1.06. The company has a market cap of $9.29 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.97 and a beta of 2.26. The firm has a 50-day moving average price of $12.28 and a 200 day moving average price of $14.21.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.12. Marathon Oil had a return on equity of 6.32% and a net margin of 16.15%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Marathon Oil Co. will post 0.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.80%. Marathon Oil’s dividend payout ratio is presently 28.17%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MRO. River Wealth Advisors LLC raised its holdings in shares of Marathon Oil by 3.8% during the 2nd quarter. River Wealth Advisors LLC now owns 20,973 shares of the oil and gas producer’s stock worth $298,000 after acquiring an additional 765 shares in the last quarter. OLD National Bancorp IN grew its position in Marathon Oil by 5.0% in the 2nd quarter. OLD National Bancorp IN now owns 17,990 shares of the oil and gas producer’s stock valued at $255,000 after acquiring an additional 852 shares during the last quarter. Sanders Morris Harris LLC grew its position in shares of Marathon Oil by 3.4% during the 2nd quarter. Sanders Morris Harris LLC now owns 30,000 shares of the oil and gas producer’s stock worth $426,000 after buying an additional 1,000 shares in the last quarter. Hallmark Capital Management Inc. grew its position in shares of Marathon Oil by 8.9% during the 2nd quarter. Hallmark Capital Management Inc. now owns 13,420 shares of the oil and gas producer’s stock worth $191,000 after buying an additional 1,100 shares in the last quarter. Finally, National Asset Management Inc. grew its position in shares of Marathon Oil by 9.3% during the 2nd quarter. National Asset Management Inc. now owns 13,074 shares of the oil and gas producer’s stock worth $186,000 after buying an additional 1,112 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors.

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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