Marathon Oil Corp. (NYSE:MRO) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday. They currently have a $16.50 price objective on the stock. Vetr‘s target price suggests a potential upside of 6.04% from the company’s previous close.

A number of other brokerages also recently weighed in on MRO. Credit Suisse Group AG downgraded shares of Marathon Oil Corp. from an “outperform” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Monday, September 12th. Bank of America Corp. set a $21.00 target price on shares of Marathon Oil Corp. and gave the company a “buy” rating in a research note on Thursday, September 8th. Seaport Global Securities downgraded shares of Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Tuesday, August 30th. Societe Generale downgraded shares of Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Finally, Barclays PLC raised their target price on shares of Marathon Oil Corp. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Marathon Oil Corp. presently has a consensus rating of “Hold” and an average target price of $17.13.

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

Shares of Marathon Oil Corp. (NYSE:MRO) opened at 15.56 on Tuesday. The company’s market capitalization is $13.18 billion. Marathon Oil Corp. has a 1-year low of $6.52 and a 1-year high of $18.72. The stock has a 50 day moving average of $14.75 and a 200-day moving average of $14.35.

Marathon Oil Corp. (NYSE:MRO) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.10 billion. Marathon Oil Corp. had a negative net margin of 32.98% and a negative return on equity of 4.91%. Marathon Oil Corp.’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the firm posted ($0.20) earnings per share. Analysts forecast that Marathon Oil Corp. will post ($0.91) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, November 14th. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -9.26%.

A number of large investors have recently made changes to their positions in MRO. Nuveen Asset Management LLC boosted its stake in shares of Marathon Oil Corp. by 24.2% in the first quarter. Nuveen Asset Management LLC now owns 142,421 shares of the company’s stock worth $1,586,000 after buying an additional 27,794 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Marathon Oil Corp. by 5.3% in the first quarter. AMP Capital Investors Ltd now owns 292,345 shares of the company’s stock worth $3,079,000 after buying an additional 14,842 shares during the period. National Pension Service boosted its stake in shares of Marathon Oil Corp. by 4.4% in the first quarter. National Pension Service now owns 488,299 shares of the company’s stock worth $5,440,000 after buying an additional 20,749 shares during the period. National Planning Corp boosted its stake in shares of Marathon Oil Corp. by 18.1% in the first quarter. National Planning Corp now owns 22,336 shares of the company’s stock worth $269,000 after buying an additional 3,420 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Marathon Oil Corp. by 24.2% in the first quarter. Legal & General Group Plc now owns 4,307,537 shares of the company’s stock worth $47,972,000 after buying an additional 839,979 shares during the period. Hedge funds and other institutional investors own 80.34% of the company’s stock.

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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