Marathon Oil Co. (MRO) Receives $23.91 Average PT from Brokerages

Shares of Marathon Oil Co. (NYSE:MRO) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.91.

A number of equities analysts recently issued reports on MRO shares. Morgan Stanley upped their price target on shares of Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. TheStreet upgraded shares of Marathon Oil from a “c” rating to a “b-” rating in a research note on Wednesday, November 7th. BMO Capital Markets set a $22.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Monday, November 12th. ValuEngine upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, JPMorgan Chase & Co. set a $27.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the transaction, the vice president now owns 394,569 shares in the company, valued at approximately $8,163,632.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners increased its position in shares of Marathon Oil by 474.2% during the 2nd quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock valued at $422,312,000 after purchasing an additional 16,719,492 shares during the last quarter. Standard Life Aberdeen plc increased its position in shares of Marathon Oil by 1,230.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 4,995,164 shares of the oil and gas producer’s stock valued at $104,224,000 after purchasing an additional 4,619,642 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Marathon Oil by 771.1% during the 2nd quarter. Renaissance Technologies LLC now owns 4,720,646 shares of the oil and gas producer’s stock valued at $98,473,000 after purchasing an additional 4,178,700 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new stake in shares of Marathon Oil during the 3rd quarter valued at about $66,744,000. Finally, Janus Henderson Group PLC increased its position in shares of Marathon Oil by 182.2% during the 3rd quarter. Janus Henderson Group PLC now owns 4,373,712 shares of the oil and gas producer’s stock valued at $101,822,000 after purchasing an additional 2,823,849 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Shares of MRO stock traded up $0.63 during mid-day trading on Friday, reaching $17.32. 182,217 shares of the company’s stock traded hands, compared to its average volume of 13,391,151. Marathon Oil has a 12 month low of $14.27 and a 12 month high of $24.20. The stock has a market cap of $13.87 billion, a PE ratio of -45.84, a price-to-earnings-growth ratio of 2.37 and a beta of 2.43. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, sell-side analysts forecast that Marathon Oil will post 0.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio is currently -52.63%.

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 E&P and International E&P. 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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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