Wolfe Research Downgrades Marathon Oil (NYSE:MRO) to Market Perform

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Marathon Oil (NYSE:MRO) was downgraded by Wolfe Research from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other brokerages have also recently commented on MRO. BMO Capital Markets cut shares of Marathon Oil from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $13.00 to $14.00 in a research report on Monday, January 13th. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research report on Friday, January 3rd. Scotiabank initiated coverage on shares of Marathon Oil in a research report on Thursday. They issued a “sector perform” rating and a $15.00 target price for the company. Barclays cut shares of Marathon Oil from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research report on Thursday, January 9th. Finally, Bank of America cut shares of Marathon Oil from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.93.

Shares of MRO stock traded down $0.15 during midday trading on Friday, hitting $12.07. 845,330 shares of the company were exchanged, compared to its average volume of 9,493,138. The firm has a market capitalization of $9.91 billion, a P/E ratio of 11.07, a PEG ratio of 3.53 and a beta of 2.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.06. The firm’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $12.62. Marathon Oil has a 52 week low of $11.06 and a 52 week high of $18.93.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.10. Marathon Oil had a net margin of 15.51% and a return on equity of 5.56%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue was down 19.3% on a year-over-year basis. Analysts expect that Marathon Oil will post 0.71 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Marathon Oil by 20.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,398 shares of the oil and gas producer’s stock valued at $752,000 after purchasing an additional 9,313 shares during the last quarter. Meyer Handelman Co. raised its holdings in shares of Marathon Oil by 0.7% in the fourth quarter. Meyer Handelman Co. now owns 440,726 shares of the oil and gas producer’s stock valued at $5,985,000 after purchasing an additional 3,200 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Marathon Oil by 43.1% in the fourth quarter. Wealthfront Advisers LLC now owns 99,587 shares of the oil and gas producer’s stock valued at $1,352,000 after purchasing an additional 29,994 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Marathon Oil by 1.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 107,132 shares of the oil and gas producer’s stock valued at $1,455,000 after purchasing an additional 2,044 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Marathon Oil in the fourth quarter valued at about $2,634,000. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Oil Company Profile

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 and International. 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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