Marathon Oil (NYSE:MRO) Stock…

Marathon Oil (NYSE:MRO) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Monday, The Fly reports.

A number of other research analysts have also recently commented on MRO. Wells Fargo & Company upped their price objective on Marathon Oil from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, October 12th. Truist Securities upped their price objective on Marathon Oil from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, October 7th. Citigroup upped their price objective on Marathon Oil from $17.00 to $20.00 in a report on Monday, January 3rd. Benchmark initiated coverage on Marathon Oil in a report on Tuesday, October 26th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Royal Bank of Canada boosted their target price on Marathon Oil from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Oil has an average rating of “Buy” and a consensus price target of $18.18.

NYSE:MRO opened at $18.24 on Monday. Marathon Oil has a 12 month low of $7.17 and a 12 month high of $18.33. The stock has a 50 day moving average of $16.28 and a two-hundred day moving average of $14.19. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $14.20 billion, a P/E ratio of -303.95, a price-to-earnings-growth ratio of 0.53 and a beta of 3.02.

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Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.08. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Marathon Oil had a positive return on equity of 5.17% and a negative net margin of 0.91%. During the same period in the previous year, the firm posted ($0.28) EPS. On average, research analysts forecast that Marathon Oil will post 1.32 earnings per share for the current year.

In other news, insider Patrick Wagner sold 62,157 shares of the firm’s stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $16.83, for a total transaction of $1,046,102.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Gary Eugene Wilson sold 99,174 shares of the firm’s stock in a transaction that occurred on Tuesday, December 7th. The stock was sold at an average price of $16.37, for a total transaction of $1,623,478.38. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MRO. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Marathon Oil in the 2nd quarter worth about $25,000. Reilly Financial Advisors LLC bought a new stake in shares of Marathon Oil in the 3rd quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Marathon Oil in the 3rd quarter worth about $27,000. Dark Forest Capital Management LP increased its position in shares of Marathon Oil by 4,155.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 3,277 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Marathon Oil by 238.6% in the 3rd quarter. Moors & Cabot Inc. now owns 55,000 shares of the oil and gas producer’s stock worth $62,000 after purchasing an additional 38,758 shares during the last quarter. 70.87% of the stock is currently owned by hedge funds and other institutional investors.

About Marathon Oil

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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