ValuEngine cut shares of Marathon Oil (NYSE:MRO) from a buy rating to a hold rating in a research note released on Friday morning.

A number of other research analysts have also recently commented on the company. BMO Capital Markets reissued a hold rating and issued a $25.00 target price on shares of Marathon Oil in a research note on Thursday. JPMorgan Chase & Co. set a $27.00 target price on Marathon Oil and gave the company a buy rating in a research note on Monday, October 1st. They noted that the move was a valuation call. Piper Jaffray Companies reissued an overweight rating on shares of Marathon Oil in a research note on Friday, September 28th. Morgan Stanley increased their target price on Marathon Oil from $23.00 to $24.00 and gave the company a hold rating in a research note on Wednesday, September 26th. Finally, Royal Bank of Canada set a $27.00 target price on Marathon Oil and gave the company a hold rating in a research note on Thursday, September 20th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $22.79.

MRO traded up $0.56 during trading on Friday, reaching $20.52. The stock had a trading volume of 15,448,100 shares, compared to its average volume of 12,144,086. The stock has a market cap of $19.88 billion, a PE ratio of -54.00, a P/E/G 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 has a one year low of $13.28 and a one year high of $24.20.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) EPS. As a group, equities analysts anticipate that Marathon Oil will post 0.79 earnings per share for the current year.

In other news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction dated Friday, September 14th. The shares were 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 directly 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 is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Marathon Oil by 1.3% during the second quarter. BlackRock Inc. now owns 68,516,539 shares of the oil and gas producer’s stock worth $1,429,255,000 after purchasing an additional 873,896 shares during the last quarter. Millennium Management LLC increased its position in shares of Marathon Oil by 17.0% during the first quarter. Millennium Management LLC now owns 21,759,825 shares of the oil and gas producer’s stock valued at $350,986,000 after acquiring an additional 3,163,372 shares during the last quarter. Boston Partners increased its position in shares of Marathon Oil by 474.2% during the second quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock valued at $422,312,000 after acquiring an additional 16,719,492 shares during the last quarter. Northern Trust Corp increased its position in shares of Marathon Oil by 3.0% during the second quarter. Northern Trust Corp now owns 11,489,580 shares of the oil and gas producer’s stock valued at $239,673,000 after acquiring an additional 335,262 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Marathon Oil by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 8,886,008 shares of the oil and gas producer’s stock valued at $185,354,000 after acquiring an additional 904,437 shares during the last quarter. 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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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