Marathon Oil (MRO) Upgraded to “Buy” by Seaport Global Securities

Seaport Global Securities upgraded shares of Marathon Oil (NYSE:MRO) from a sell rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Seaport Global Securities also issued estimates for Marathon Oil’s Q4 2017 earnings at ($0.02) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.09 EPS.

MRO has been the topic of a number of other research reports. BMO Capital Markets reiterated a hold rating and set a $18.00 target price on shares of Marathon Oil in a report on Tuesday, November 7th. Barclays boosted their price target on Marathon Oil from $14.00 to $15.00 and gave the stock an equal weight rating in a research report on Monday, November 20th. Scotiabank set a $19.00 price target on Marathon Oil and gave the stock a buy rating in a research report on Wednesday, October 4th. Atlantic Securities raised Marathon Oil from a neutral rating to an overweight rating in a research report on Tuesday, December 5th. Finally, Citigroup cut Marathon Oil from a buy rating to a neutral rating and set a $14.00 price target on the stock. in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $16.56.

Marathon Oil (MRO) traded down $0.15 during mid-day trading on Tuesday, hitting $16.90. The company’s stock had a trading volume of 9,348,620 shares, compared to its average volume of 12,527,198. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $18.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. The stock has a market cap of $14,486.76, a P/E ratio of -2.03 and a beta of 2.39.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned ($0.23) EPS. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. research analysts forecast that Marathon Oil will post -0.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Wednesday, November 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.18%. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Marathon Oil by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after acquiring an additional 1,341,589 shares in the last quarter. Buckingham Asset Management LLC purchased a new stake in Marathon Oil during the 2nd quarter valued at $173,000. Dupont Capital Management Corp purchased a new stake in Marathon Oil during the 2nd quarter valued at $122,000. Airain ltd raised its stake in Marathon Oil by 16.0% during the 2nd quarter. Airain ltd now owns 541,861 shares of the oil and gas producer’s stock valued at $6,421,000 after buying an additional 74,586 shares during the last quarter. Finally, Wealthfront Inc. raised its stake in Marathon Oil by 316.1% during the 2nd quarter. Wealthfront Inc. now owns 77,055 shares of the oil and gas producer’s stock valued at $913,000 after buying an additional 58,536 shares during the last quarter. 80.34% 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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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