Marathon Oil (NYSE:MRO) was downgraded by equities researchers at Wolfe Research from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, The Fly reports.
Other research analysts have also recently issued reports about the company. BMO Capital Markets reissued a “hold” rating and issued a $21.00 target price on shares of Marathon Oil in a research note on Thursday, January 11th. Stifel Nicolaus set a $18.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their target price on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Credit Suisse Group began coverage on Marathon Oil in a research note on Monday, December 11th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, Jefferies Group reissued a “hold” rating and issued a $12.00 target price on shares of Marathon Oil in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Marathon Oil has a consensus rating of “Hold” and a consensus target price of $17.91.
Marathon Oil (MRO) traded down $0.59 during trading hours on Tuesday, reaching $18.03. The company’s stock had a trading volume of 5,437,283 shares, compared to its average volume of 10,615,535. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.52. 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 firm has a market capitalization of $15,150.00, a PE ratio of -7.04, a price-to-earnings-growth ratio of 7.70 and a beta of 2.38.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in Marathon Oil during the fourth quarter worth about $117,000. FTB Advisors Inc. raised its holdings in Marathon Oil by 49.8% during the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after acquiring an additional 2,687 shares in the last quarter. First Hawaiian Bank bought a new stake in Marathon Oil during the fourth quarter worth about $178,000. Mackenzie Financial Corp bought a new stake in Marathon Oil during the third quarter worth about $149,000. Finally, Valeo Financial Advisors LLC bought a new stake in Marathon Oil during the third quarter worth about $159,000. Institutional investors and hedge funds own 80.48% of the company’s stock.
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About Marathon Oil
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.
