Marathon Oil (MRO) Rating Increased to Overweight at Capital One Financial

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Capital One Financial upgraded shares of Marathon Oil (NYSE:MRO) from an equal weight rating to an overweight rating in a research note published on Thursday morning, BenzingaRatingsTable reports.

A number of other brokerages have also issued reports on MRO. Zacks Investment Research lowered Marathon Oil from a buy rating to a hold rating in a research note on Monday, April 22nd. Barclays decreased their price target on Marathon Oil from $22.00 to $21.00 and set an overweight rating for the company in a research note on Thursday, April 11th. Royal Bank of Canada raised Marathon Oil from a sector perform rating to an outperform rating and increased their price target for the company from $22.00 to $23.00 in a research note on Tuesday, April 16th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Marathon Oil in a research note on Tuesday, March 5th. Finally, TheStreet raised Marathon Oil from a c+ rating to a b- rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $23.20.

Shares of MRO stock opened at $14.43 on Thursday. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20. The company has a market capitalization of $11.80 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.70 and a beta of 2.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $0.18 EPS. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. Equities research analysts forecast that Marathon Oil will post 0.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.

Large investors have recently made changes to their positions in the company. Executive Wealth Management LLC acquired a new stake in shares of Marathon Oil during the 4th quarter valued at $27,000. JNBA Financial Advisors acquired a new stake in shares of Marathon Oil during the 4th quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Marathon Oil during the 1st quarter valued at $29,000. Semmax Financial Advisors Inc. lifted its position in shares of Marathon Oil by 181.1% during the 1st quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 1,195 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new stake in shares of Marathon Oil during the 1st quarter valued at $34,000. Institutional investors own 80.74% 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 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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