Marathon Oil Corporation (NYSE:MRO) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Sunday.

Several other equities research analysts have also issued reports on MRO. Canaccord Genuity reissued a “hold” rating and issued a $17.00 target price on shares of Marathon Oil Corporation in a report on Tuesday, March 21st. Scotiabank reissued a “buy” rating and issued a $25.00 target price on shares of Marathon Oil Corporation in a report on Wednesday, March 22nd. KLR Group reissued a “buy” rating and issued a $24.00 target price on shares of Marathon Oil Corporation in a report on Thursday, March 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 target price on shares of Marathon Oil Corporation in a report on Friday, March 31st. Finally, Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $18.38 target price for the company. in a report on Monday, April 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.86.

Shares of Marathon Oil Corporation (NYSE MRO) traded up 1.75% during trading on Friday, reaching $11.65. 15,235,661 shares of the company traded hands. The company’s market capitalization is $9.90 billion. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28. The company’s 50-day moving average price is $12.98 and its 200-day moving average price is $15.51.

Marathon Oil Corporation (NYSE:MRO) last released its earnings results on Thursday, May 4th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.29 billion. Marathon Oil Corporation had a negative net margin of 134.01% and a negative return on equity of 2.54%. The firm’s quarterly revenue was up 88.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) EPS. Equities research analysts forecast that Marathon Oil Corporation will post ($0.29) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/16/marathon-oil-corporation-mro-downgraded-by-bidaskclub.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the period. Vanguard Group Inc. raised its position in Marathon Oil Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock worth $1,340,940,000 after buying an additional 2,870,533 shares during the period. Bank of Montreal Can raised its position in Marathon Oil Corporation by 91.1% in the first quarter. Bank of Montreal Can now owns 2,091,771 shares of the oil and gas producer’s stock worth $33,050,000 after buying an additional 997,175 shares during the period. State Street Corp raised its position in Marathon Oil Corporation by 1.7% in the first quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer’s stock worth $769,660,000 after buying an additional 811,608 shares during the period. Finally, National Pension Service acquired a new position in Marathon Oil Corporation during the first quarter worth $12,622,000. 81.25% of the stock is owned by hedge funds and other institutional investors.

About Marathon Oil Corporation

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.