Marathon Oil Corporation (NYSE:MRO) received a $19.00 target price from investment analysts at Scotiabank in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Scotiabank’s price target indicates a potential upside of 36.89% from the company’s current price.

A number of other equities research analysts have also recently commented on MRO. Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Jefferies Group LLC set a $16.00 target price on Marathon Oil Corporation and gave the company a “hold” rating in a report on Saturday, June 24th. Vetr cut Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a report on Monday, August 7th. BidaskClub cut Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, KLR Group reiterated a “buy” rating and set a $23.00 target price (up previously from $21.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.33.

Shares of Marathon Oil Corporation (NYSE MRO) traded down 0.14% during mid-day trading on Wednesday, hitting $13.88. The stock had a trading volume of 11,090,661 shares. The company’s market cap is $11.80 billion. The stock has a 50 day moving average price of $12.03 and a 200-day moving average price of $13.12. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. Marathon Oil Corporation also was the recipient of some unusual options trading on Monday. Stock traders acquired 1,294 call options on the stock. This is an increase of 127% compared to the average daily volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned ($0.23) earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts expect that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of MRO. BlackRock Inc. boosted its holdings 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 valued at $1,693,396,000 after acquiring an additional 105,001,815 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Marathon Oil Corporation by 112.6% in the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after acquiring an additional 28,514,387 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 valued at $1,340,940,000 after acquiring an additional 2,870,533 shares during the last quarter. State Street Corp boosted its holdings in Marathon Oil Corporation by 2.8% in the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after acquiring an additional 1,350,863 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Marathon Oil Corporation by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after acquiring an additional 1,341,589 shares during the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.

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)

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