Marathon Oil (NYSE:MRO) was upgraded by equities research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report released on Tuesday, The Fly reports.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Friday. Mizuho upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Friday. Wolfe Research upgraded shares of Marathon Oil from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. BMO Capital Markets upgraded shares of Marathon Oil from a “market perform” rating to an “outperform” rating in a research note on Monday, October 15th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $25.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Friday, October 12th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $22.72.

Marathon Oil stock traded down $0.98 during trading hours on Tuesday, reaching $19.48. 18,270,813 shares of the stock were exchanged, compared to its average volume of 12,144,711. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of -51.26, a PEG ratio of 1.71 and a beta of 2.39. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45. Marathon Oil has a twelve month low of $13.28 and a twelve month high of $24.20.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The company’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) earnings per share. On average, sell-side analysts expect that Marathon Oil will post 0.76 earnings per share for the current year.

In other news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the transaction, the vice president now owns 394,569 shares of the company’s stock, valued at $8,163,632.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Mercantile Trust Co. bought a new position in Marathon Oil in the 2nd quarter valued at approximately $111,000. Duncker Streett & Co. Inc. raised its holdings in Marathon Oil by 65.6% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 6,312 shares of the oil and gas producer’s stock valued at $147,000 after buying an additional 2,500 shares during the last quarter. Centaurus Financial Inc. bought a new position in Marathon Oil in the 2nd quarter valued at approximately $133,000. Mount Yale Investment Advisors LLC bought a new position in Marathon Oil in the 2nd quarter valued at approximately $133,000. Finally, Envestnet Asset Management Inc. raised its holdings in Marathon Oil by 146.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 4,144 shares during the last quarter. Institutional investors and hedge funds own 80.18% 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.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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