Traders Buy Shares of Marathon Oil (MRO) on Weakness

Investors bought shares of Marathon Oil (NYSE:MRO) on weakness during trading on Tuesday. $53.46 million flowed into the stock on the tick-up and $26.79 million flowed out of the stock on the tick-down, for a money net flow of $26.67 million into the stock. Of all stocks tracked, Marathon Oil had the 14th highest net in-flow for the day. Marathon Oil traded down ($0.04) for the day and closed at $18.15

A number of brokerages recently weighed in on MRO. Royal Bank of Canada set a $21.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research report on Friday, April 13th. Stifel Nicolaus set a $19.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, March 28th. JPMorgan Chase raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, March 26th. ValuEngine raised shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 22nd. Finally, UBS began coverage on shares of Marathon Oil in a research report on Wednesday, March 7th. They set a “neutral” rating and a $16.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Hold” and a consensus price target of $18.57.

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The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $15,423.07, a P/E ratio of -47.97, a PEG ratio of 3.24 and a beta of 2.30.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS. sell-side analysts forecast that Marathon Oil will post 0.53 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in shares of Marathon Oil in the fourth quarter valued at approximately $592,000. Xact Kapitalforvaltning AB boosted its holdings in shares of Marathon Oil by 11.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 83,303 shares of the oil and gas producer’s stock valued at $1,410,000 after acquiring an additional 8,551 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Marathon Oil by 23.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 430,677 shares of the oil and gas producer’s stock valued at $7,291,000 after acquiring an additional 82,478 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Marathon Oil in the fourth quarter valued at approximately $118,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Marathon Oil by 30.3% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 72,300 shares of the oil and gas producer’s stock valued at $1,224,000 after acquiring an additional 16,800 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

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Marathon Oil Company Profile

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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