Marathon Oil (MRO) Upgraded to B- at TheStreet

TheStreet upgraded shares of Marathon Oil (NYSE:MRO) from a c+ rating to a b- rating in a research note issued to investors on Tuesday, March 26th, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the stock. Raymond James set a $24.00 price objective on shares of Marathon Oil and gave the company a buy rating in a report on Sunday, December 30th. Citigroup upgraded shares of Marathon Oil from a neutral rating to a buy rating in a report on Friday, December 21st. SunTrust Banks initiated coverage on shares of Marathon Oil in a report on Monday, December 17th. They set a buy rating and a $25.00 price objective for the company. JPMorgan Chase & Co. set a $23.00 price objective on shares of Marathon Oil and gave the company a buy rating in a report on Friday, December 7th. Finally, MKM Partners assumed coverage on shares of Marathon Oil in a research report on Wednesday, December 5th. They set a buy rating and a $26.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $23.27.

Shares of Marathon Oil stock traded down $0.12 during trading on Tuesday, hitting $17.62. The stock had a trading volume of 9,068,989 shares, compared to its average volume of 10,855,142. The firm has a market capitalization of $14.44 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 5.41 and a beta of 2.25. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. Marathon Oil has a 12 month low of $12.57 and a 12 month high of $24.20.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Marathon Oil had a net margin of 16.65% and a return on equity of 4.97%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $0.07 EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, sell-side analysts predict that Marathon Oil will post 0.51 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Marathon Oil in the 4th quarter worth approximately $122,747,000. Macquarie Group Ltd. grew its position in Marathon Oil by 17.8% during the 4th quarter. Macquarie Group Ltd. now owns 41,766,089 shares of the oil and gas producer’s stock worth $598,926,000 after purchasing an additional 6,298,905 shares during the last quarter. Senator Investment Group LP purchased a new stake in Marathon Oil during the 3rd quarter worth approximately $46,560,000. Morgan Stanley grew its position in Marathon Oil by 93.8% during the 3rd quarter. Morgan Stanley now owns 3,616,531 shares of the oil and gas producer’s stock worth $84,193,000 after purchasing an additional 1,750,736 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Marathon Oil by 36.1% during the 4th quarter. Deutsche Bank AG now owns 5,507,722 shares of the oil and gas producer’s stock worth $78,976,000 after purchasing an additional 1,460,859 shares during the last quarter. 81.63% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Company Profile

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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