Marathon Oil Corporation (NYSE:MRO) received a $10.00 price target from equities researchers at Stifel Nicolaus in a report issued on Thursday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 27.95% from the stock’s current price.

MRO has been the subject of a number of other reports. Citigroup Inc. dropped their target price on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) initiated coverage on Marathon Oil Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $16.00 target price on the stock. Scotiabank set a $19.00 target price on Marathon Oil Corporation and gave the stock a “buy” rating in a research note on Wednesday. Finally, BidaskClub upgraded Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.28.

Shares of Marathon Oil Corporation (MRO) traded down 2.67% on Thursday, reaching $13.51. 4,033,843 shares of the company’s stock were exchanged. The stock’s market cap is $11.48 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The company’s 50 day moving average price is $12.03 and its 200-day moving average price is $13.12.

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

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A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Marathon Oil Corporation by 4,827.5% during 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 purchasing an additional 105,001,815 shares in the last quarter. Vanguard Group Inc. lifted its stake in Marathon Oil Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock worth $1,027,132,000 after purchasing an additional 1,808,213 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Marathon Oil Corporation by 112.6% during the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock worth $637,911,000 after purchasing an additional 28,514,387 shares in the last quarter. State Street Corp lifted its stake in Marathon Oil Corporation by 2.8% during the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock worth $593,258,000 after purchasing an additional 1,350,863 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Marathon Oil Corporation by 0.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock worth $766,613,000 after purchasing an additional 187,090 shares in the last quarter. Institutional investors own 80.98% 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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