Marathon Oil Co. (NYSE:MRO) has been assigned an average recommendation of “Buy” from the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.98.

Several analysts recently commented on MRO shares. TheStreet raised Marathon Oil from a “c+” rating to a “b-” rating in a report on Tuesday, March 26th. Barclays set a $23.00 target price on Marathon Oil and gave the stock a “buy” rating in a report on Wednesday, January 16th. MKM Partners set a $22.00 target price on Marathon Oil and gave the stock a “buy” rating in a report on Tuesday, February 26th. Argus dropped their target price on Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, February 25th. Finally, Raymond James set a $24.00 target price on Marathon Oil and gave the stock a “buy” rating in a report on Sunday, December 30th.

Shares of NYSE:MRO traded down $0.31 during trading on Thursday, hitting $17.14. The stock had a trading volume of 226,069 shares, compared to its average volume of 11,177,547. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.28 and a beta of 2.25. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.45.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. As a group, equities analysts anticipate that Marathon Oil will post 0.5 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Marathon Oil by 1.0% in the third quarter. Vanguard Group Inc. now owns 93,278,037 shares of the oil and gas producer’s stock valued at $2,171,512,000 after purchasing an additional 935,179 shares during the period. Vanguard Group Inc boosted its stake in shares of Marathon Oil by 1.0% in the third quarter. Vanguard Group Inc now owns 93,278,037 shares of the oil and gas producer’s stock worth $2,171,512,000 after acquiring an additional 935,179 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Marathon Oil by 17.8% in the fourth quarter. Macquarie Group Ltd. now owns 41,766,089 shares of the oil and gas producer’s stock worth $598,926,000 after acquiring an additional 6,298,905 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Marathon Oil by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 12,204,959 shares of the oil and gas producer’s stock worth $174,746,000 after acquiring an additional 1,111,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Marathon Oil by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,926,029 shares of the oil and gas producer’s stock worth $171,011,000 after acquiring an additional 1,328,679 shares during the last quarter. 81.58% of the stock is currently owned by institutional investors.

About Marathon Oil

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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