Marathon Oil (NYSE:MRO) Lowered to “C+” at TheStreet

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TheStreet cut shares of Marathon Oil (NYSE:MRO) from a b- rating to a c+ rating in a report published on Wednesday morning, TheStreetRatingsTable reports.

Several other brokerages also recently commented on MRO. Morgan Stanley set a $23.00 price target on shares of Cabot Oil & Gas and gave the company a hold rating in a report on Monday, June 24th. Barclays set a $325.00 price target on shares of Align Technology and gave the company a buy rating in a report on Thursday, April 11th. Capital One Financial raised shares of Cimarex Energy from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded shares of HANNOVER RUECK/S from a hold rating to a sell rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada initiated coverage on shares of Robert Half International in a report on Tuesday, April 16th. They issued a sector perform rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $22.45.

Shares of NYSE:MRO opened at $13.92 on Wednesday. The firm has a fifty day moving average price of $13.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49. Marathon Oil has a one year low of $12.57 and a one year high of $24.20. The company has a market cap of $11.16 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 2.24 and a beta of 2.24.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.18 EPS. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Marathon Oil will post 0.78 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in Marathon Oil by 14.0% during the 4th quarter. Advisor Group Inc. now owns 78,276 shares of the oil and gas producer’s stock worth $1,123,000 after acquiring an additional 9,611 shares during the period. United Services Automobile Association lifted its holdings in shares of Marathon Oil by 7.6% in the fourth quarter. United Services Automobile Association now owns 457,577 shares of the oil and gas producer’s stock valued at $6,562,000 after buying an additional 32,465 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Marathon Oil by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,926,029 shares of the oil and gas producer’s stock valued at $171,011,000 after buying an additional 1,328,679 shares during the period. Stifel Financial Corp lifted its holdings in shares of Marathon Oil by 2.9% in the fourth quarter. Stifel Financial Corp now owns 330,188 shares of the oil and gas producer’s stock valued at $4,724,000 after buying an additional 9,271 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of Marathon Oil by 14.4% in the fourth quarter. Brown Advisory Inc. now owns 10,347 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 1,303 shares during the period. 81.95% of the stock is 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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