Marathon Oil Corporation (NYSE:MRO) has been given a $12.00 price objective by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 10.29% from the company’s current price.

MRO has been the subject of several other reports. FBR & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. Morgan Stanley upgraded shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Marathon Oil Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 price objective for the company. Scotiabank set a $21.00 target price on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.33.

Marathon Oil Corporation (NYSE:MRO) traded down 0.37% during trading on Tuesday, reaching $10.88. The company had a trading volume of 7,702,913 shares. The firm has a 50-day moving average of $11.75 and a 200-day moving average of $13.85. The stock’s market capitalization is $9.25 billion. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) earnings per share. On average, analysts anticipate that Marathon Oil Corporation will post ($0.44) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Klingenstein Fields & Co. LLC raised its position in shares of Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 83 shares during the period. Focused Wealth Management Inc raised its position in shares of Marathon Oil Corporation by 0.7% in the first quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock valued at $216,000 after buying an additional 100 shares during the period. Eastern Bank raised its position in shares of Marathon Oil Corporation by 0.6% in the second quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after buying an additional 135 shares during the period. Cleararc Capital Inc. raised its position in shares of Marathon Oil Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock valued at $328,000 after buying an additional 149 shares during the period. Finally, Freestone Capital Holdings LLC raised its position in shares of Marathon Oil Corporation by 1.1% in the second quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after buying an additional 150 shares during the period. Institutional investors own 80.96% of the company’s stock.

Marathon Oil Corporation Company Profile

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)

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