Equities research analysts at Credit Suisse Group began coverage on shares of Marathon Oil (NYSE:MRO) in a note issued to investors on Monday, December 11th, MarketBeat reports. The firm set an “outperform” rating and a $20.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s target price would indicate a potential upside of 18.34% from the stock’s current price.
Other analysts have also recently issued reports about the company. BMO Capital Markets restated a “hold” rating and issued a $18.00 price target on shares of Marathon Oil in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Citigroup cut Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Thursday, November 9th. Scotiabank set a $19.00 price target on Marathon Oil and gave the company a “buy” rating in a research note on Monday, November 13th. Finally, Jefferies Group raised their price target on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Marathon Oil has an average rating of “Hold” and an average price target of $16.56.
Shares of Marathon Oil (NYSE MRO) traded down $0.15 during midday trading on Monday, reaching $16.90. The company’s stock had a trading volume of 9,345,622 shares, compared to its average volume of 12,527,198. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. The company has a market cap of $14,486.76, a price-to-earnings ratio of -2.03 and a beta of 2.39. Marathon Oil has a 1-year low of $10.55 and a 1-year high of $18.35.
Several institutional investors and hedge funds have recently bought and sold shares of MRO. Janney Montgomery Scott LLC grew its holdings in Marathon Oil by 98.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 31,803 shares of the oil and gas producer’s stock valued at $377,000 after buying an additional 15,751 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in Marathon Oil by 12.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 71,477 shares of the oil and gas producer’s stock worth $847,000 after purchasing an additional 8,036 shares during the period. Global X Management Co. LLC raised its holdings in Marathon Oil by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 14,430 shares of the oil and gas producer’s stock worth $171,000 after purchasing an additional 1,846 shares during the period. Arizona State Retirement System raised its holdings in Marathon Oil by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 210,814 shares of the oil and gas producer’s stock worth $2,498,000 after purchasing an additional 1,100 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in Marathon Oil in the 2nd quarter worth about $11,424,000. Institutional investors and hedge funds own 80.34% of the company’s stock.
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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.
