Siebert Williams Shank Reiterates Hold Rating for Marathon Oil (NYSE:MRO)


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Siebert Williams Shank reissued their hold rating on shares of Marathon Oil (NYSE:MRO) in a research note published on Wednesday, Analyst Ratings Network reports. The firm currently has a $8.00 price target on the oil and gas producer’s stock.

A number of other analysts have also recently commented on the company. Scotiabank restated a sector perform rating and issued a $7.00 price target (up previously from $6.00) on shares of Marathon Oil in a research report on Thursday, November 19th. Mizuho upgraded Marathon Oil from a neutral rating to a buy rating and upped their price target for the stock from $6.00 to $11.00 in a research report on Tuesday. Tudor Pickering upgraded Marathon Oil from a hold rating to a buy rating in a research report on Monday, December 7th. Citigroup reduced their price target on Marathon Oil from $6.50 to $4.75 and set a neutral rating for the company in a research report on Wednesday, October 14th. Finally, BidaskClub upgraded Marathon Oil from a sell rating to a hold rating in a research report on Thursday, January 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Marathon Oil presently has an average rating of Hold and a consensus target price of $8.01.

Marathon Oil stock opened at $8.04 on Wednesday. The stock has a market cap of $6.35 billion, a PE ratio of -5.58 and a beta of 3.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.23. Marathon Oil has a one year low of $3.02 and a one year high of $13.47. The stock has a fifty day moving average of $6.84 and a 200 day moving average of $5.48.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Monday, November 9th. The oil and gas producer reported ($0.28) EPS for the quarter, meeting analysts’ consensus estimates of ($0.28). The company had revenue of $754.00 million during the quarter, compared to analysts’ expectations of $762.20 million. Marathon Oil had a negative return on equity of 6.64% and a negative net margin of 32.64%. Marathon Oil’s revenue for the quarter was down 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, sell-side analysts predict that Marathon Oil will post -1.26 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MRO. State Street Corp grew its holdings in shares of Marathon Oil by 4.4% in the third quarter. State Street Corp now owns 51,622,230 shares of the oil and gas producer’s stock worth $211,135,000 after purchasing an additional 2,188,113 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Marathon Oil by 0.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 13,846,370 shares of the oil and gas producer’s stock worth $56,632,000 after acquiring an additional 61,707 shares during the period. FMR LLC raised its stake in shares of Marathon Oil by 36.0% during the second quarter. FMR LLC now owns 13,725,115 shares of the oil and gas producer’s stock valued at $83,998,000 after acquiring an additional 3,629,546 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Marathon Oil by 51.8% in the second quarter. Nuveen Asset Management LLC now owns 7,387,193 shares of the oil and gas producer’s stock worth $45,209,000 after purchasing an additional 2,522,177 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Marathon Oil by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 6,950,886 shares of the oil and gas producer’s stock worth $28,429,000 after purchasing an additional 188,323 shares during the period. Institutional investors and hedge funds own 66.19% of the company’s stock.

About Marathon Oil

Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. 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, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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