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 Wednesday.

Several other equities research analysts have also recently commented on MRO. Seaport Global Securities reaffirmed a buy rating on shares of Marathon Oil in a research note on Friday, September 7th. Zacks Investment Research cut Marathon Oil from a buy rating to a hold rating in a research note on Friday, October 19th. Piper Jaffray Companies reissued a buy rating and issued a $35.00 price objective on shares of Marathon Oil in a research note on Wednesday, October 24th. Barclays set a $25.00 price objective on Marathon Oil and gave the company a buy rating in a research note on Friday, October 26th. Finally, Morgan Stanley began coverage on Marathon Oil in a research note on Thursday, July 12th. They issued an equal weight rating and a $23.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $23.99.

NYSE MRO opened at $17.84 on Wednesday. Marathon Oil has a one year low of $14.27 and a one year high of $24.20. The company has a market cap of $15.81 billion, a P/E ratio of -46.95, a price-to-earnings-growth ratio of 1.52 and a beta of 2.45. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.48% and a net margin of 10.94%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts predict that Marathon Oil will post 0.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.

In other news, VP Thomas Mitchell Little sold 117,333 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the transaction, the vice president now owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings 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 valued at $1,612,049,000 after purchasing an additional 729,564 shares in the last quarter. Boston Partners lifted its holdings 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 valued at $422,312,000 after purchasing an additional 16,719,492 shares in the last quarter. Northern Trust Corp lifted its holdings 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 valued at $239,673,000 after purchasing an additional 335,262 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marathon Oil by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,886,008 shares of the oil and gas producer’s stock valued at $185,354,000 after purchasing an additional 904,437 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Marathon Oil by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 7,735,200 shares of the oil and gas producer’s stock valued at $161,356,000 after purchasing an additional 59,160 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.

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 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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