Marathon Oil (NYSE:MRO)‘s stock had its “hold” rating reissued by research analysts at BMO Capital Markets in a report issued on Tuesday. They currently have a $20.00 target price on the oil and gas producer’s stock. BMO Capital Markets’ price target would indicate a potential upside of 32.19% from the company’s previous close.
A number of other research analysts have also weighed in on MRO. R. F. Lafferty reiterated a “buy” rating and issued a $27.00 price objective (up from $26.00) on shares of Marathon Oil in a research note on Tuesday, February 20th. Wolfe Research lowered shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Stifel Nicolaus set a $18.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, January 30th. Finally, Jefferies Group restated a “hold” rating and set a $19.80 price target on shares of Marathon Oil in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Marathon Oil has an average rating of “Hold” and a consensus target price of $18.27.
Marathon Oil (NYSE:MRO) traded down $0.21 during trading on Tuesday, reaching $15.13. 3,380,246 shares of the company were exchanged, compared to its average volume of 12,989,999. Marathon Oil has a fifty-two week low of $10.55 and a fifty-two week high of $19.52. The stock has a market cap of $13,030.00, a price-to-earnings ratio of -14.83, a price-to-earnings-growth ratio of 3.05 and a beta of 2.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.24.
Large investors have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new position in Marathon Oil in the fourth quarter worth $117,000. Pin Oak Investment Advisors Inc. purchased a new position in Marathon Oil in the fourth quarter worth $118,000. FTB Advisors Inc. grew its position in Marathon Oil by 49.8% in the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after acquiring an additional 2,687 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Marathon Oil in the third quarter worth $149,000. Finally, Valeo Financial Advisors LLC purchased a new position in Marathon Oil in the third quarter worth $159,000. Institutional investors own 78.99% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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