Marathon Oil Corporation (NYSE:MRO)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a report released on Wednesday, August 9th. They currently have a $14.00 price objective on the oil and gas producer’s stock, up from their previous price objective of $13.00. Jefferies Group LLC’s target price would indicate a potential upside of 28.79% from the company’s current price. Jefferies Group also issued estimates for Marathon Oil Corporation’s Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.04) EPS and FY2018 earnings at $0.34 EPS.
A number of other brokerages have also issued reports on MRO. BMO Capital Markets restated a “hold” rating and set a $17.00 price target on shares of Marathon Oil Corporation in a research note on Thursday, April 13th. Stifel Nicolaus began coverage on shares of Marathon Oil Corporation in a research note on Wednesday, April 12th. They set a “hold” rating and a $17.00 price target on the stock. Vetr upgraded shares of Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 price target on the stock in a research note on Friday, April 14th. Barclays PLC restated a “hold” rating and set a $15.00 price target (down previously from $17.00) on shares of Marathon Oil Corporation in a research note on Thursday, April 20th. Finally, Bank of America Corporation lowered shares of Marathon Oil Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $22.00 in a research note on Thursday, May 11th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. Marathon Oil Corporation presently has a consensus rating of “Hold” and an average target price of $17.30.
Marathon Oil Corporation (MRO) traded up 0.46% during midday trading on Wednesday, reaching $10.87. 28,729,837 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $11.87 and its 200-day moving average is $14.06. The stock’s market capitalization is $9.24 billion. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28.
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 net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Marathon Oil Corporation will post ($0.45) earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. increased its position in Marathon Oil Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 731,659 shares of the oil and gas producer’s stock valued at $11,560,000 after buying an additional 22,402 shares during the last quarter. Raymond James Trust N.A. increased its position in Marathon Oil Corporation by 2.8% in the first quarter. Raymond James Trust N.A. now owns 35,353 shares of the oil and gas producer’s stock valued at $559,000 after buying an additional 947 shares in the last quarter. Creative Planning increased its position in Marathon Oil Corporation by 169.0% in the first quarter. Creative Planning now owns 140,117 shares of the oil and gas producer’s stock valued at $2,214,000 after buying an additional 88,026 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Marathon Oil Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 261,245 shares of the oil and gas producer’s stock valued at $4,127,000 after buying an additional 3,900 shares in the last quarter. Finally, National Pension Service acquired a new position in Marathon Oil Corporation during the first quarter valued at $12,622,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.
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.
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