Marathon Oil Co. (MRO) Receives Consensus Rating of “Buy” from Brokerages

Shares of Marathon Oil Co. (NYSE:MRO) have earned an average rating of “Buy” from the twenty-two brokerages that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.15.

MRO has been the topic of several research analyst reports. TheStreet raised Marathon Oil from a “c+” rating to a “b-” rating in a report on Tuesday, March 26th. Argus lowered their price target on Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, February 25th. JPMorgan Chase & Co. set a $23.00 price target on Marathon Oil and gave the company a “buy” rating in a report on Friday, December 7th. MKM Partners initiated coverage on Marathon Oil in a report on Wednesday, December 5th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Barclays set a $23.00 price target on Marathon Oil and gave the company a “buy” rating in a report on Wednesday, January 16th.

MRO traded up $0.09 during trading on Thursday, hitting $17.03. 3,061,904 shares of the company’s stock traded hands, compared to its average volume of 11,576,070. 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. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 3.26 and a beta of 2.25.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The company’s revenue was up 27.7% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. As a group, research analysts forecast that Marathon Oil will post 0.5 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This represents a $0.20 dividend on an annualized basis and a yield of 1.17%. Marathon Oil’s dividend payout ratio is currently 28.17%.

Institutional investors have recently made changes to their positions in the stock. Legacy Financial Advisors Inc. bought a new position in Marathon Oil in the 4th quarter worth $25,000. Executive Wealth Management LLC bought a new stake in Marathon Oil during the fourth quarter valued at about $27,000. JNBA Financial Advisors bought a new stake in Marathon Oil during the fourth quarter valued at about $29,000. We Are One Seven LLC bought a new stake in Marathon Oil during the fourth quarter valued at about $42,000. Finally, Pinnacle Bank bought a new stake in Marathon Oil during the fourth quarter valued at about $42,000. 81.58% of the stock is currently owned by institutional investors.

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 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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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