Jefferies Group LLC restated their hold rating on shares of Marathon Oil Corporation (NYSE:MRO) in a research report released on Thursday morning. The firm currently has a $14.00 price target on the oil and gas producer’s stock.
Several other research analysts have also recently issued reports on MRO. Morgan Stanley raised Marathon Oil Corporation from an underweight rating to an equal weight rating and cut their target price for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Seaport Global Securities cut Marathon Oil Corporation from a neutral rating to a sell rating and cut their price objective for the stock from $17.00 to $9.00 in a research report on Wednesday, June 21st. BidaskClub cut Marathon Oil Corporation from a sell rating to a strong sell rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) started coverage on Marathon Oil Corporation in a research report on Wednesday, June 28th. They issued a neutral rating and a $16.00 price objective on the stock. Finally, Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a buy rating in a research report on Saturday, July 1st. 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. Marathon Oil Corporation currently has a consensus rating of Hold and a consensus target price of $17.19.
Shares of Marathon Oil Corporation (NYSE:MRO) traded up 1.38% during midday trading on Thursday, hitting $13.93. The stock had a trading volume of 7,477,768 shares. The company’s 50 day moving average is $12.91 and its 200 day moving average is $13.00. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The firm’s market cap is $11.84 billion.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) EPS. On average, equities analysts predict that Marathon Oil Corporation will post ($0.41) earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC grew its position in Marathon Oil Corporation by 33.8% during the second 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 during the second quarter worth about $122,000. JFS Wealth Advisors LLC grew its position in Marathon Oil Corporation by 27.6% during the second 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 during the second quarter worth about $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Marathon Oil Corporation during the second quarter worth about $150,000. Institutional investors and hedge funds 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.
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