Investment analysts at R. F. Lafferty assumed coverage on shares of Marathon Oil Corp. (NYSE:MRO) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $29.00 price target on the stock. R. F. Lafferty’s price objective would indicate a potential upside of 78.13% from the stock’s current price.

A number of other brokerages also recently commented on MRO. Zacks Investment Research downgraded shares of Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Canaccord Genuity restated a “hold” rating and set a $16.00 price objective on shares of Marathon Oil Corp. in a research report on Thursday, November 3rd. Bank of America Corp. restated a “buy” rating on shares of Marathon Oil Corp. in a research report on Thursday, November 3rd. Deutsche Bank AG restated a “buy” rating on shares of Marathon Oil Corp. in a research report on Friday, November 4th. Finally, Barclays PLC upped their price objective on shares of Marathon Oil Corp. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.67.

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

Marathon Oil Corp. (NYSE:MRO) traded down 0.2856% during trading on Monday, hitting $16.2335. 4,913,327 shares of the stock were exchanged. The stock’s market cap is $13.75 billion. The stock’s 50 day moving average price is $14.78 and its 200 day moving average price is $14.52. Marathon Oil Corp. has a 12 month low of $6.52 and a 12 month high of $17.86.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.23%. Marathon Oil Corp.’s payout ratio is -9.26%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. I.G. Investment Management LTD. acquired a new position in Marathon Oil Corp. during the second quarter valued at approximately $101,000. Integrated Investment Consultants LLC raised its position in Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock valued at $106,000 after buying an additional 2,234 shares during the last quarter. Global X Management Co. LLC raised its position in Marathon Oil Corp. by 89.6% in the third quarter. Global X Management Co. LLC now owns 6,683 shares of the company’s stock valued at $106,000 after buying an additional 3,158 shares during the last quarter. Hallmark Capital Management Inc. acquired a new position in Marathon Oil Corp. during the second quarter valued at approximately $111,000. Finally, Exane Derivatives acquired a new position in Marathon Oil Corp. during the second quarter valued at approximately $112,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Marathon Oil Corp. Company Profile

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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