J P Morgan Chase & Co upgraded shares of Marathon Oil (NYSE:MRO) from an underweight rating to a neutral rating in a report published on Friday, Marketbeat reports. The brokerage currently has $15.00 price objective on the oil and gas producer’s stock.

A number of other research firms also recently weighed in on MRO. BMO Capital Markets reaffirmed a hold rating and set a $18.00 price target on shares of Marathon Oil in a research note on Tuesday, November 7th. Zacks Investment Research raised 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 downgraded 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 stock a buy rating in a research note on Monday, November 13th. Finally, Jefferies Group upped their price target on Marathon Oil from $14.00 to $16.50 and gave the stock a buy rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $16.56.

Marathon Oil (NYSE:MRO) opened at $15.43 on Friday. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $18.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned ($0.23) EPS. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. sell-side analysts predict that Marathon Oil will post -0.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 14th. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Marathon Oil by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after acquiring an additional 1,341,589 shares in the last quarter. Buckingham Asset Management LLC bought a new position in shares of Marathon Oil in the second quarter valued at approximately $173,000. Dupont Capital Management Corp bought a new position in shares of Marathon Oil in the second quarter valued at approximately $122,000. Airain ltd grew its holdings in shares of Marathon Oil by 16.0% in the second quarter. Airain ltd now owns 541,861 shares of the oil and gas producer’s stock valued at $6,421,000 after acquiring an additional 74,586 shares in the last quarter. Finally, Wealthfront Inc. grew its holdings in shares of Marathon Oil by 316.1% in the second quarter. Wealthfront Inc. now owns 77,055 shares of the oil and gas producer’s stock valued at $913,000 after acquiring an additional 58,536 shares in the last quarter. 80.65% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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