Marathon Oil Corporation (NYSE:MRO)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $12.00 price objective on the oil and gas producer’s stock. Jefferies Group LLC’s price target indicates a potential downside of 13.54% from the company’s previous close.

A number of other research firms have also recently weighed in on MRO. Scotiabank set a $19.00 price objective on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Wednesday. Piper Jaffray Companies restated a “buy” rating on shares of Marathon Oil Corporation in a research report on Thursday, September 28th. BidaskClub upgraded shares of Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Barclays PLC set a $11.00 price objective on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.33.

Marathon Oil Corporation (MRO) opened at 13.88 on Friday. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The stock’s market capitalization is $11.80 billion. The company’s 50-day moving average is $12.03 and its 200 day moving average is $13.12.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.23) earnings per share. Equities analysts predict that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC grew its holdings in shares of Marathon Oil Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 702 shares during the period. Toronto Dominion Bank grew its holdings in shares of Marathon Oil Corporation by 95.9% in the second quarter. Toronto Dominion Bank now owns 465,155 shares of the oil and gas producer’s stock valued at $5,510,000 after purchasing an additional 227,714 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Marathon Oil Corporation in the second quarter valued at about $403,000. Proxima Capital Management LLC purchased a new stake in shares of Marathon Oil Corporation in the second quarter valued at about $4,088,000. Finally, 1st Global Advisors Inc. grew its holdings in shares of Marathon Oil Corporation by 3.3% in the second quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock valued at $625,000 after purchasing an additional 1,686 shares during the period. Institutional investors and hedge funds own 80.98% 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.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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