Marathon Oil (MRO) Upgraded by BMO Capital Markets to Outperform

Marathon Oil (NYSE:MRO) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other analysts have also issued reports on the company. Morgan Stanley set a $25.00 price target on Marathon Oil and gave the company a “hold” rating in a report on Friday, October 12th. ValuEngine lowered Marathon Oil from a “buy” rating to a “hold” rating in a report on Friday, October 12th. JPMorgan Chase & Co. set a $27.00 price target on Marathon Oil and gave the company a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. Piper Jaffray Companies reiterated an “overweight” rating on shares of Marathon Oil in a report on Friday, September 28th. Finally, Royal Bank of Canada set a $27.00 price target on Marathon Oil and gave the company a “hold” rating in a report on Thursday, September 20th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and a consensus target price of $22.79.

Shares of NYSE:MRO opened at $21.18 on Monday. Marathon Oil has a 1 year low of $13.28 and a 1 year high of $24.20. The company has a market cap of $19.88 billion, a price-to-earnings ratio of -55.42, a price-to-earnings-growth ratio of 1.96 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 (NYSE:MRO) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned ($0.24) EPS. The firm’s quarterly revenue was up 33.8% on a year-over-year basis. Analysts anticipate that Marathon Oil will post 0.79 EPS for the current fiscal year.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the company’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 sale, the vice president now owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of MRO. First Mercantile Trust Co. purchased a new stake in Marathon Oil during the second quarter worth $111,000. Summit Trail Advisors LLC lifted its holdings in Marathon Oil by 1,935.8% during the first 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 during the period. Centaurus Financial Inc. purchased a new stake in Marathon Oil during the second quarter worth $133,000. Mount Yale Investment Advisors LLC purchased a new stake in Marathon Oil during the second quarter worth $133,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Marathon Oil by 146.5% during the second 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 during the period. Institutional investors own 80.62% 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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