Marathon Oil (MRO) Given a $23.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $23.00 price objective on Marathon Oil (NYSE:MRO) in a report released on Friday. The firm currently has a buy rating on the oil and gas producer’s stock.

Several other equities analysts also recently commented on the company. MKM Partners assumed coverage on Marathon Oil in a research note on Wednesday. They issued a buy rating and a $26.00 price objective on the stock. Stifel Nicolaus reiterated a hold rating and issued a $20.00 price objective on shares of Marathon Oil in a research note on Monday, November 26th. Morgan Stanley dropped their price objective on Marathon Oil from $25.00 to $20.00 and set a hold rating on the stock in a research note on Tuesday, November 20th. Barclays upped their price objective on Marathon Oil from $25.00 to $26.00 and gave the company a buy rating in a research note on Thursday, November 15th. Finally, Zacks Investment Research downgraded Marathon Oil from a buy rating to a hold rating in a research note on Wednesday, November 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $23.65.

Marathon Oil stock traded down $0.17 during trading on Friday, hitting $16.05. The stock had a trading volume of 21,692,295 shares, compared to its average volume of 12,452,418. Marathon Oil has a 1 year low of $14.27 and a 1 year high of $24.20. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.48 billion, a price-to-earnings ratio of -42.24, a PEG ratio of 2.28 and a beta of 2.42.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Marathon Oil’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Oil will post 0.79 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 given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. Marathon Oil’s dividend payout ratio is currently -52.63%.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the sale, the vice president now owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Marathon Oil by 1.0% in the third quarter. Vanguard Group Inc. now owns 93,278,037 shares of the oil and gas producer’s stock worth $2,171,512,000 after buying an additional 935,179 shares in the last quarter. BlackRock Inc. raised its position in shares of Marathon Oil by 1.1% in the third quarter. BlackRock Inc. now owns 69,246,103 shares of the oil and gas producer’s stock worth $1,612,049,000 after buying an additional 729,564 shares in the last quarter. Boston Partners raised its position in shares of Marathon Oil by 474.2% in the second quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock worth $422,312,000 after buying an additional 16,719,492 shares in the last quarter. Northern Trust Corp raised its position in shares of Marathon Oil by 3.0% in the second quarter. Northern Trust Corp now owns 11,489,580 shares of the oil and gas producer’s stock worth $239,673,000 after buying an additional 335,262 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Marathon Oil by 19.3% in the third quarter. Dimensional Fund Advisors LP now owns 10,597,350 shares of the oil and gas producer’s stock worth $246,664,000 after buying an additional 1,711,342 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

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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