Marathon Oil (NYSE:MRO) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Marathon Oil (NYSE:MRO) in a report issued on Friday. The firm issued a buy rating on the oil and gas producer’s stock.

Several other brokerages have also weighed in on MRO. Mizuho raised their price objective on shares of Marathon Oil from $33.00 to $34.00 and gave the company a neutral rating in a research report on Wednesday, June 5th. Benchmark reissued a buy rating and issued a $32.00 price target on shares of Marathon Oil in a research report on Friday, May 3rd. JPMorgan Chase & Co. reissued a neutral rating and issued a $33.00 price target on shares of Marathon Oil in a research report on Wednesday, July 17th. Susquehanna lifted their price target on shares of Marathon Oil from $33.00 to $39.00 and gave the company a positive rating in a research report on Monday, July 22nd. Finally, Piper Sandler lifted their price target on shares of Marathon Oil from $32.00 to $34.00 and gave the company an overweight rating in a research report on Friday, April 19th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $32.14.

Marathon Oil Price Performance

Shares of MRO opened at $27.45 on Friday. The firm has a market cap of $15.48 billion, a PE ratio of 11.34 and a beta of 2.19. The firm’s 50 day moving average price is $27.97 and its 200 day moving average price is $26.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.55. Marathon Oil has a twelve month low of $21.81 and a twelve month high of $30.06.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. As a group, research analysts expect that Marathon Oil will post 2.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Marathon Oil

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in Marathon Oil by 47.3% during the second quarter. UMB Bank n.a. now owns 2,210 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 710 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Marathon Oil by 123.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,186,171 shares of the oil and gas producer’s stock valued at $34,008,000 after purchasing an additional 654,643 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Marathon Oil by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688,444 shares of the oil and gas producer’s stock valued at $19,738,000 after purchasing an additional 69,696 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Marathon Oil by 255.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 37,317 shares of the oil and gas producer’s stock valued at $1,070,000 after purchasing an additional 26,822 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Marathon Oil by 17.0% in the 2nd quarter. HB Wealth Management LLC now owns 14,622 shares of the oil and gas producer’s stock valued at $419,000 after purchasing an additional 2,126 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

About Marathon Oil

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.