Stifel Nicolaus Reiterates $18.00 Price Target for Marathon Oil (MRO)

Stifel Nicolaus set a $18.00 target price on Marathon Oil (NYSE:MRO) in a research report report published on Monday morning. The firm currently has a hold rating on the oil and gas producer’s stock.

Several other equities research analysts have also recently issued reports on MRO. Bank of America upgraded Marathon Oil from a neutral rating to a buy rating and set a $21.00 price objective on the stock in a report on Thursday, January 4th. BMO Capital Markets reiterated a hold rating and issued a $21.00 price objective on shares of Marathon Oil in a report on Thursday, January 11th. Zacks Investment Research upgraded Marathon Oil from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Monday, January 15th. JPMorgan Chase set a $20.00 price objective on Marathon Oil and gave the stock a hold rating in a report on Wednesday, January 17th. Finally, Jefferies Group reiterated a hold rating and issued a $19.80 price objective on shares of Marathon Oil in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $18.52.

NYSE:MRO opened at $18.46 on Monday. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $19.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.30. The stock has a market cap of $15,049.17, a PE ratio of -48.58, a price-to-earnings-growth ratio of 3.01 and a beta of 2.30.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was up 23.0% on a year-over-year basis. analysts expect that Marathon Oil will post 0.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Wednesday, May 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. Marathon Oil’s dividend payout ratio is currently -52.63%.

Several institutional investors have recently modified their holdings of the company. FTB Advisors Inc. boosted its holdings in shares of Marathon Oil by 49.8% during the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,687 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Marathon Oil by 0.7% during the 4th quarter. Gabelli Funds LLC now owns 452,700 shares of the oil and gas producer’s stock valued at $7,664,000 after buying an additional 3,200 shares during the period. Boulegeris Investments Inc. raised its position in shares of Marathon Oil by 5.7% during the 4th quarter. Boulegeris Investments Inc. now owns 65,995 shares of the oil and gas producer’s stock valued at $1,117,000 after buying an additional 3,566 shares during the period. Mraz Amerine & Associates Inc. raised its position in shares of Marathon Oil by 9.8% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 47,137 shares of the oil and gas producer’s stock valued at $798,000 after buying an additional 4,203 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in shares of Marathon Oil by 3.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 113,434 shares of the oil and gas producer’s stock valued at $1,920,000 after buying an additional 4,209 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

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 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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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