Marathon Oil (MRO) Lifted to “Outperform” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Marathon Oil (NYSE:MRO) from a sector perform rating to an outperform rating in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. Royal Bank of Canada currently has $23.00 target price on the oil and gas producer’s stock, up from their previous target price of $22.00.

Several other research analysts also recently commented on MRO. Citigroup raised shares of Marathon Oil from a neutral rating to a buy rating in a research note on Friday, December 21st. Barclays set a $23.00 price target on shares of Marathon Oil and gave the stock a buy rating in a research note on Wednesday, January 16th. Capital One Financial downgraded shares of Marathon Oil from an overweight rating to an equal weight rating in a research note on Wednesday, January 9th. Argus reduced their price target on shares of Marathon Oil from $25.00 to $22.00 and set a buy rating on the stock in a research note on Monday, February 25th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Marathon Oil in a research note on Tuesday, March 5th. 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 an average rating of Buy and an average target price of $23.27.

Marathon Oil stock opened at $17.62 on Tuesday. The stock has a market capitalization of $14.44 billion, a PE ratio of 24.82, a PEG ratio of 3.35 and a beta of 2.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.59 and a quick ratio of 1.54. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.42 billion. Marathon Oil had a net margin of 16.65% and a return on equity of 4.97%. The business’s revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. Research analysts forecast that Marathon Oil will post 0.49 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Financial Advisors Inc. purchased a new position in Marathon Oil during the 4th quarter valued at about $25,000. Executive Wealth Management LLC purchased a new position in Marathon Oil during the 4th quarter valued at about $27,000. JNBA Financial Advisors purchased a new position in Marathon Oil during the 4th quarter valued at about $29,000. Moody National Bank Trust Division increased its position in Marathon Oil by 148.7% during the 1st quarter. Moody National Bank Trust Division now owns 2,873 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 1,718 shares during the period. Finally, Pinnacle Bank purchased a new position in Marathon Oil during the 4th quarter valued at about $42,000. 81.63% of the stock is currently owned by institutional investors and hedge funds.

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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