Marathon Oil (NYSE:MRO) was upgraded by equities research analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other analysts have also recently weighed in on the stock. Barclays upped their target price on shares of Marathon Oil from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Scotiabank set a $19.00 target price on shares of Marathon Oil and gave the company a “buy” rating in a research note on Monday, November 13th. Citigroup cut shares of Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of Marathon Oil in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.90.

Marathon Oil (NYSE MRO) opened at $14.90 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $19.28.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) earnings per share. analysts expect that Marathon Oil will post -0.35 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of MRO. Dupont Capital Management Corp bought a new stake in Marathon Oil during the second quarter worth about $122,000. Mackenzie Financial Corp bought a new stake in Marathon Oil during the third quarter worth about $149,000. Zweig DiMenna Associates LLC bought a new stake in Marathon Oil during the second quarter worth about $150,000. Glenview Trust Co grew its stake in Marathon Oil by 13.5% during the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 1,550 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in Marathon Oil during the third quarter worth about $159,000. 80.65% of the stock is currently owned by hedge funds and other institutional investors.

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Marathon Oil Company Profile

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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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