Marathon Oil (NYSE:MRO) Lowered to “C+” at TheStreet

TheStreet downgraded shares of Marathon Oil (NYSE:MRO) from a b- rating to a c+ rating in a report published on Wednesday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Atlantic Securities cut shares of Marathon Oil from an overweight rating to a neutral rating and cut their price objective for the stock from $20.50 to $15.00 in a research report on Thursday, June 13th. Barclays set a $325.00 price objective on shares of Align Technology and gave the stock a buy rating in a research report on Thursday, April 11th. Seaport Global Securities reissued a buy rating on shares of W&T Offshore in a research report on Friday, June 21st. Finally, Zacks Investment Research cut shares of HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $22.45.

Shares of Marathon Oil stock opened at $13.92 on Wednesday. The firm has a market cap of $11.16 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.24 and a beta of 2.24. The stock’s 50-day simple moving average is $13.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49. Marathon Oil has a 1-year low of $12.57 and a 1-year high of $24.20.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.24. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The business’s revenue was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. Analysts forecast that Marathon Oil will post 0.78 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its position in Marathon Oil by 4.6% in the 1st quarter. Nordea Investment Management AB now owns 497,723 shares of the oil and gas producer’s stock valued at $8,319,000 after acquiring an additional 21,957 shares in the last quarter. Deutsche Bank AG increased its stake in Marathon Oil by 36.1% in the 4th quarter. Deutsche Bank AG now owns 5,507,722 shares of the oil and gas producer’s stock valued at $78,976,000 after buying an additional 1,460,859 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Marathon Oil by 139.0% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,367 shares of the oil and gas producer’s stock valued at $808,000 after buying an additional 28,130 shares during the last quarter. Neuburgh Advisers LLC increased its stake in Marathon Oil by 15.0% in the 1st quarter. Neuburgh Advisers LLC now owns 521,764 shares of the oil and gas producer’s stock valued at $8,719,000 after buying an additional 68,000 shares during the last quarter. Finally, GAM Holding AG increased its stake in Marathon Oil by 18.9% in the 1st quarter. GAM Holding AG now owns 113,404 shares of the oil and gas producer’s stock valued at $1,895,000 after buying an additional 17,991 shares during the last quarter. 81.95% 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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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