Marathon Oil (MRO) Given Hold Rating at Jefferies Group

Jefferies Group reissued their hold rating on shares of Marathon Oil (NYSE:MRO) in a research report sent to investors on Friday morning. They currently have a $19.80 target price on the oil and gas producer’s stock. Jefferies Group also issued estimates for Marathon Oil’s FY2019 earnings at $0.42 EPS and FY2020 earnings at $0.87 EPS.

MRO has been the subject of a number of other reports. Morgan Stanley set a $15.00 target price on Marathon Oil and gave the company a hold rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $17.00 target price on Marathon Oil and gave the company a hold rating in a research note on Tuesday, October 10th. Scotiabank set a $19.00 target price on Marathon Oil and gave the company a buy rating in a research note on Wednesday, October 4th. Societe Generale raised Marathon Oil from a hold rating to a buy rating in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada set a $16.00 target price on Marathon Oil and gave the company a hold rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $17.24.

Marathon Oil (NYSE MRO) traded down $0.11 during trading hours on Friday, reaching $18.58. The company’s stock had a trading volume of 7,613,489 shares, compared to its average volume of 11,400,000. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.04. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $15,790.00, a PE ratio of -7.26, a price-to-earnings-growth ratio of 10.84 and a beta of 2.38.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue was up 26.5% on a year-over-year basis. equities analysts expect that Marathon Oil will post -0.31 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in Marathon Oil by 27.3% during the second quarter. Wells Fargo & Company MN now owns 2,365,437 shares of the oil and gas producer’s stock worth $28,030,000 after acquiring an additional 506,995 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Marathon Oil by 20.5% during the second quarter. Riverhead Capital Management LLC now owns 27,269 shares of the oil and gas producer’s stock worth $323,000 after acquiring an additional 4,634 shares in the last quarter. Amalgamated Bank raised its holdings in Marathon Oil by 68.4% during the second quarter. Amalgamated Bank now owns 88,527 shares of the oil and gas producer’s stock worth $1,049,000 after acquiring an additional 35,972 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Marathon Oil by 8.2% during the second quarter. Mutual of America Capital Management LLC now owns 102,858 shares of the oil and gas producer’s stock worth $1,219,000 after acquiring an additional 7,767 shares in the last quarter. Finally, Quantitative Investment Management LLC raised its holdings in Marathon Oil by 24.9% during the second quarter. Quantitative Investment Management LLC now owns 581,800 shares of the oil and gas producer’s stock worth $6,894,000 after acquiring an additional 115,900 shares in the last quarter. 80.50% of the stock is owned by 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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