Marathon Oil Corporation (NYSE:MRO) was upgraded by equities research analysts at Societe Generale from a “hold” rating to a “buy” rating in a report released on Thursday, The Fly reports.

Several other equities analysts also recently issued reports on the stock. Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and reduced their price target for the company from $19.00 to $15.00 in a report on Wednesday, July 5th. Stephens started coverage on shares of Marathon Oil Corporation in a report on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 price target for the company. Jefferies Group LLC set a $12.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, Zacks Investment Research downgraded shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.19.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,808,213 shares during the last quarter. Macquarie Group Ltd. boosted its holdings 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 buying an additional 28,514,387 shares during the last quarter. State Street Corp boosted its holdings 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 buying an additional 1,350,863 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Marathon Oil Corporation by 0.5% during the second quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock worth $418,709,000 after buying an additional 172,691 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Marathon Oil Corporation by 2.3% during the second quarter. Northern Trust Corp now owns 10,143,987 shares of the oil and gas producer’s stock worth $120,207,000 after buying an additional 228,780 shares during the last quarter. Hedge funds and other institutional investors own 81.08% 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.

The Fly

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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