BMO Capital Markets reissued their hold rating on shares of Marathon Oil (NYSE:MRO) in a report issued on Tuesday. They currently have a $23.00 price objective on the oil and gas producer’s stock.

MRO has been the subject of a number of other reports. Royal Bank of Canada set a $21.00 price target on Marathon Oil and gave the company a hold rating in a report on Friday, April 13th. Stifel Nicolaus set a $19.00 price target on Marathon Oil and gave the company a hold rating in a report on Wednesday, March 28th. JPMorgan Chase & Co. raised Marathon Oil from a neutral rating to an overweight rating and set a $20.00 price target for the company in a report on Monday, March 26th. ValuEngine upgraded Marathon Oil from a hold rating to a buy rating in a research report on Monday, May 14th. Finally, Zacks Investment Research upgraded Marathon Oil from a hold rating to a strong-buy rating and set a $24.00 price objective for the company in a research report on Wednesday, July 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Marathon Oil has an average rating of Buy and a consensus target price of $19.88.

Shares of Marathon Oil stock traded up $0.05 during trading on Tuesday, reaching $21.48. The company’s stock had a trading volume of 8,273,929 shares, compared to its average volume of 12,482,814. The company has a quick ratio of 1.46, a current ratio of 1.52 and a debt-to-equity ratio of 0.46. Marathon Oil has a one year low of $10.55 and a one year high of $22.74. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of -56.53, a P/E/G ratio of 1.54 and a beta of 2.36.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. Marathon Oil had a negative return on equity of 0.50% and a negative net margin of 7.56%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 61.7% compared to the same quarter last year. sell-side analysts anticipate that Marathon Oil will post 0.91 EPS for the current year.

In other news, insider Lee M. Tillman sold 400,000 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $21.65, for a total transaction of $8,660,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Marathon Oil during the 1st quarter worth about $102,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Marathon Oil during the 4th quarter valued at about $118,000. Cerebellum GP LLC lifted its holdings in shares of Marathon Oil by 3,466.8% during the 2nd quarter. Cerebellum GP LLC now owns 8,489 shares of the oil and gas producer’s stock valued at $177,000 after purchasing an additional 8,251 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Marathon Oil during the 1st quarter valued at about $147,000. Finally, Dupont Capital Management Corp lifted its holdings in shares of Marathon Oil by 40.2% during the 1st quarter. Dupont Capital Management Corp now owns 9,859 shares of the oil and gas producer’s stock valued at $159,000 after purchasing an additional 2,829 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

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 E&P and International E&P. 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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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