Marathon Oil Corporation (NYSE:MRO)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group LLC in a research note issued on Thursday. They currently have a $14.00 target price on the oil and gas producer’s stock. Jefferies Group LLC’s target price suggests a potential upside of 0.50% from the company’s current price.

A number of other equities analysts also recently commented on the company. Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Citigroup Inc. upgraded Marathon Oil Corporation from a “neutral” rating to a “buy” rating and dropped their target price for the company from $19.00 to $15.00 in a report on Wednesday, July 5th. Stephens initiated coverage on Marathon Oil Corporation in a report on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 target price on the stock. BidaskClub downgraded Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.19.

Marathon Oil Corporation (MRO) traded up 1.38% during trading on Thursday, reaching $13.93. The company’s stock had a trading volume of 7,477,768 shares. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The company’s 50-day moving average is $12.91 and its 200-day moving average is $13.00. The company’s market capitalization is $11.84 billion.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.23) earnings per share. Equities analysts anticipate that Marathon Oil Corporation will post ($0.41) EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in shares of Marathon Oil Corporation by 71.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 126,112 shares of the oil and gas producer’s stock worth $1,709,000 after acquiring an additional 52,542 shares in the last quarter. Wendell David Associates Inc. acquired a new position in shares of Marathon Oil Corporation in the 3rd quarter worth approximately $600,000. Mutual of America Capital Management LLC grew its position in shares of Marathon Oil Corporation by 6.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 109,225 shares of the oil and gas producer’s stock worth $1,481,000 after acquiring an additional 6,367 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Marathon Oil Corporation in the 3rd quarter worth approximately $231,000. Finally, Shell Asset Management Co. grew its position in shares of Marathon Oil Corporation by 90.6% in the 3rd quarter. Shell Asset Management Co. now owns 102,066 shares of the oil and gas producer’s stock worth $3,837,000 after acquiring an additional 48,505 shares in the last quarter. Institutional investors own 80.81% 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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