Marathon Oil Corp. (NYSE:MRO) was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research report issued on Monday. They presently have a $17.00 target price on the stock, down from their prior target price of $18.00. Barclays PLC’s target price would indicate a potential upside of 19.72% from the stock’s current price.

MRO has been the topic of several other research reports. Capital One Financial Corp. upgraded Marathon Oil Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $15.00 to $17.00 in a report on Tuesday, June 21st. Bank of America Corp. upgraded Marathon Oil Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.90 to $21.00 in a research note on Tuesday, August 16th. Royal Bank Of Canada boosted their target price on Marathon Oil Corp. from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, July 8th. Citigroup Inc. upgraded Marathon Oil Corp. to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Thursday, July 7th. Finally, Zacks Investment Research upgraded Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.78.

Analyst Recommendations for Marathon Oil Corp. (NYSE:MRO)

Shares of Marathon Oil Corp. (NYSE:MRO) opened at 14.20 on Monday. The company has a 50-day moving average of $15.07 and a 200 day moving average of $14.16. The firm’s market capitalization is $12.03 billion. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $20.09.

Marathon Oil Corp. (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. Marathon Oil Corp. had a negative return on equity of 5.07% and a negative net margin of 43.87%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted ($0.23) EPS. Marathon Oil Corp.’s revenue for the quarter was down 15.0% on a year-over-year basis. On average, analysts predict that Marathon Oil Corp. will post ($0.98) EPS for the current year.

Several hedge funds have recently bought and sold shares of the stock. Cleararc Capital Inc. increased its position in shares of Marathon Oil Corp. by 24.2% in the first quarter. Cleararc Capital Inc. now owns 20,593 shares of the company’s stock worth $229,000 after buying an additional 4,011 shares during the period. Riverhead Capital Management LLC increased its position in shares of Marathon Oil Corp. by 177.7% in the first quarter. Riverhead Capital Management LLC now owns 422,692 shares of the company’s stock worth $4,709,000 after buying an additional 270,464 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Marathon Oil Corp. by 38.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,767,433 shares of the company’s stock worth $30,829,000 after buying an additional 772,561 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of Marathon Oil Corp. by 27.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,757,000 shares of the company’s stock worth $30,713,000 after buying an additional 597,531 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in shares of Marathon Oil Corp. during the first quarter worth approximately $826,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

About Marathon Oil Corp.

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

5 Day Chart for NYSE:MRO

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