Marathon Oil Corporation (NYSE:MRO) has earned a consensus recommendation of “Hold” from the twenty-eight analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.06.

Several research firms have recently issued reports on MRO. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price target on shares of Marathon Oil Corporation in a research report on Thursday, October 19th. Morgan Stanley set a $15.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, October 18th. Barclays PLC boosted their price target on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $17.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $16.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, October 11th.

A number of hedge funds have recently added to or reduced their stakes in MRO. Integrated Investment Consultants LLC grew its stake in Marathon Oil Corporation by 33.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Marathon Oil Corporation in the 2nd quarter worth approximately $122,000. JFS Wealth Advisors LLC grew its stake in Marathon Oil Corporation by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new position in Marathon Oil Corporation in the 2nd quarter worth approximately $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Marathon Oil Corporation in the 2nd quarter worth approximately $150,000. 80.90% of the stock is owned by institutional investors and hedge funds.

Shares of Marathon Oil Corporation (NYSE MRO) traded up 0.45% on Thursday, reaching $13.54. 3,388,165 shares of the company were exchanged. The company’s 50 day moving average is $13.06 and its 200 day moving average is $12.92. The firm’s market capitalization is $11.51 billion. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last posted 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 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned ($0.23) EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts forecast that Marathon Oil Corporation will post ($0.41) earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.48%. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.

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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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