Capital One Financial upgraded shares of Marathon Oil (NYSE:MRO) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports.

Several other equities research analysts also recently issued reports on MRO. Morgan Stanley set a $20.00 price target on Marathon Oil and gave the company a hold rating in a research report on Tuesday, January 29th. ValuEngine raised Marathon Oil from a sell rating to a hold rating in a research report on Monday, February 4th. Argus lowered their price target on Marathon Oil from $25.00 to $22.00 and set a buy rating on the stock in a research report on Monday, February 25th. MKM Partners set a $22.00 price target on Marathon Oil and gave the company a buy rating in a research report on Tuesday, February 26th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Marathon Oil in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $23.20.

Marathon Oil stock opened at $14.43 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.70 and a beta of 2.23. Marathon Oil has a one year low of $12.57 and a one year high of $24.20.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.24. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.25 billion. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The business’s quarterly revenue was down 30.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. On average, sell-side analysts predict that Marathon Oil will post 0.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.

A number of hedge funds have recently added to or reduced their stakes in MRO. Executive Wealth Management LLC acquired a new stake in Marathon Oil during the fourth quarter worth about $27,000. JNBA Financial Advisors acquired a new stake in Marathon Oil during the fourth quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in Marathon Oil during the first quarter worth about $29,000. Semmax Financial Advisors Inc. grew its position in Marathon Oil by 181.1% during the first quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 1,195 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new stake in Marathon Oil during the first quarter worth about $34,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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 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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