Marathon Oil Corporation (MRO) Given a $11.00 Price Target by Barclays PLC Analysts

Marathon Oil Corporation (NYSE:MRO) has been given a $11.00 target price by research analysts at Barclays PLC in a note issued to investors on Friday, August 4th. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. Barclays PLC’s price target indicates a potential upside of 1.20% from the stock’s previous close.

A number of other research analysts have also weighed in on MRO. Royal Bank Of Canada set a $20.00 price objective on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. upgraded Marathon Oil Corporation from a “neutral” rating to a “buy” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Wednesday, July 5th. Stephens started coverage on Marathon Oil Corporation in a research report on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 price objective for the company. ValuEngine lowered Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.30.

Marathon Oil Corporation (MRO) opened at 10.87 on Friday. The stock’s market capitalization is $9.24 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The company’s 50-day moving average price is $11.87 and its 200 day moving average price is $14.06.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts forecast that Marathon Oil Corporation will post ($0.45) EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Marathon Oil Corporation by 112.6% in the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after buying an additional 28,514,387 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Marathon Oil Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock valued at $1,340,940,000 after buying an additional 2,870,533 shares during the last quarter. State Street Corp raised its position in shares of Marathon Oil Corporation by 2.8% in the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after buying an additional 1,350,863 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Marathon Oil Corporation by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after buying an additional 1,341,589 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

About Marathon Oil Corporation

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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