Atlantic Securities Upgrades Marathon Oil (MRO) to “Overweight”
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.
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.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/05/atlantic-securities-upgrades-marathon-oil-mro-to-overweight.html.
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.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.