TheStreet upgraded shares of Marathon Oil (NYSE:MRO) from a c+ rating to a b- rating in a research report sent to investors on Tuesday.

Several other research firms also recently commented on MRO. JPMorgan Chase & Co. restated an overweight rating on shares of Marathon Oil in a report on Tuesday, March 5th. MKM Partners began coverage on Marathon Oil in a report on Wednesday, December 5th. They set a buy rating and a $26.00 price objective for the company. Argus decreased their price objective on Marathon Oil from $25.00 to $22.00 and set a buy rating for the company in a report on Monday, February 25th. Stifel Nicolaus restated a hold rating and set a $20.00 price objective on shares of Marathon Oil in a report on Monday, November 26th. Finally, ValuEngine upgraded Marathon Oil from a sell rating to a hold rating in a report on Monday, February 4th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $23.91.

Shares of MRO stock opened at $16.82 on Tuesday. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 3.27 and a beta of 2.26. 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 has a fifty-two week low of $12.57 and a fifty-two week high of $24.20.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.42 billion. Marathon Oil had a return on equity of 4.97% and a net margin of 16.65%. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, research analysts anticipate that Marathon Oil will post 0.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, February 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. Marathon Oil’s payout ratio is 28.17%.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position 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 worth $2,171,512,000 after purchasing an additional 935,179 shares during the last quarter. Vanguard Group Inc boosted its position 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 worth $2,171,512,000 after purchasing an additional 935,179 shares during the last quarter. Macquarie Group Ltd. boosted its position in 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 purchasing an additional 6,298,905 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 purchasing an additional 1,111,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 1,328,679 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.

Marathon Oil Company Profile

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

Recommended Story: Average Daily Trade Volume – What You Need to Know

Analyst Recommendations for Marathon Oil (NYSE:MRO)

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.