Marathon Oil (MRO) Given a $27.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $27.00 price objective on Marathon Oil (NYSE:MRO) in a research note published on Thursday morning. The brokerage currently has a hold rating on the oil and gas producer’s stock.

Several other brokerages have also commented on MRO. BMO Capital Markets reissued a hold rating and set a $23.00 price objective on shares of Marathon Oil in a research report on Tuesday, July 10th. Stifel Nicolaus set a $21.00 price objective on Marathon Oil and gave the company a hold rating in a research report on Wednesday, August 29th. Morgan Stanley began coverage on Marathon Oil in a research report on Thursday, July 12th. They set an equal weight rating and a $23.00 price objective for the company. Zacks Investment Research raised Marathon Oil from a hold rating to a strong-buy rating and set a $24.00 price objective for the company in a research report on Wednesday, July 4th. Finally, Tudor Pickering raised Marathon Oil from a hold rating to a buy rating in a research report on Friday, June 8th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of Buy and an average target price of $22.05.

Shares of Marathon Oil stock opened at $21.86 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of -57.53, a PEG ratio of 1.70 and a beta of 2.39. Marathon Oil has a 12 month low of $12.62 and a 12 month high of $22.74.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) EPS. sell-side analysts anticipate that Marathon Oil will post 0.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. Marathon Oil’s payout ratio is presently -52.63%.

In other news, VP Thomas Mitchell Little sold 117,333 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the transaction, the vice president now directly owns 394,569 shares in the company, valued at $8,163,632.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. First Mercantile Trust Co. bought a new stake in Marathon Oil in the 2nd quarter worth about $111,000. Summit Trail Advisors LLC increased its holdings in Marathon Oil by 1,935.8% in the 1st quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 121,741 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Marathon Oil in the 2nd quarter worth about $133,000. Mount Yale Investment Advisors LLC bought a new stake in Marathon Oil in the 2nd quarter worth about $133,000. Finally, Envestnet Asset Management Inc. increased 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 worth $146,000 after buying an additional 4,144 shares in the last quarter. Hedge funds and other institutional investors own 80.59% 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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