Shares of Marathon Oil Corp. (NYSE:MRO) were up 6.5% on Tuesday . The stock traded as high as $15.73 and last traded at $15.65, with a volume of 13,475,471 shares changing hands. The stock had previously closed at $14.69.

Several analysts have recently weighed in on MRO shares. Simmons raised their price objective on shares of Marathon Oil Corp. to $9.00 in a research report on Friday, March 25th. Deutsche Bank AG lowered their price objective on shares of Marathon Oil Corp. from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, March 29th. Seaport Global Securities upgraded shares of Marathon Oil Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $13.00 in a research report on Wednesday, March 30th. Bank of America Corp. restated a “neutral” rating on shares of Marathon Oil Corp. in a research report on Tuesday, April 12th. Finally, Wells Fargo & Co. cut shares of Marathon Oil Corp. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.42.

The firm’s 50-day moving average is $14.04 and its 200-day moving average is $11.55. The company’s market capitalization is $13.22 billion.

Marathon Oil Corp. (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.03. During the same quarter in the prior year, the business posted ($0.37) earnings per share. The firm earned $730 million during the quarter, compared to the consensus estimate of $903.27 million. The firm’s quarterly revenue was down 52.3% on a year-over-year basis. Equities analysts anticipate that Marathon Oil Corp. will post ($1.07) EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in MRO. Vanguard Group Inc. boosted its stake in Marathon Oil Corp. by 23.0% in the fourth quarter. Vanguard Group Inc. now owns 60,551,171 shares of the company’s stock worth $762,339,000 after buying an additional 11,331,989 shares in the last quarter. Morgan Stanley boosted its stake in Marathon Oil Corp. by 5.7% in the fourth quarter. Morgan Stanley now owns 4,011,638 shares of the company’s stock worth $50,506,000 after buying an additional 215,921 shares in the last quarter. South Dakota Investment Council boosted its stake in Marathon Oil Corp. by 16.6% in the fourth quarter. South Dakota Investment Council now owns 2,846,349 shares of the company’s stock worth $35,836,000 after buying an additional 404,909 shares in the last quarter. California Public Employees Retirement System boosted its stake in Marathon Oil Corp. by 4.0% in the fourth quarter. California Public Employees Retirement System now owns 2,254,735 shares of the company’s stock worth $28,387,000 after buying an additional 85,800 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Marathon Oil Corp. by 1.8% in the fourth quarter. Swiss National Bank now owns 1,226,397 shares of the company’s stock worth $15,440,000 after buying an additional 22,000 shares in the last quarter.

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.

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