Shares of Marathon Oil Corp. (NYSE:MRO) shot 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 trading hands. The stock had previously closed at $14.69.

Several research firms have recently weighed in on MRO. Zacks Investment Research raised shares of Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, July 5th. Royal Bank Of Canada reissued a “hold” rating on shares of Marathon Oil Corp. in a research note on Saturday, July 9th. Jefferies Group reissued a “buy” rating and issued a $17.00 price target (up previously from $16.00) on shares of Marathon Oil Corp. in a research note on Monday. Citigroup Inc. raised shares of Marathon Oil Corp. to a “strong-buy” rating and set a $18.00 price target for the company in a research note on Thursday, July 7th. Finally, Raymond James Financial Inc. upgraded shares of Marathon Oil Corp. from an “outperform” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a report on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.42.

The stock has a 50-day moving average of $14.18 and a 200 day moving average of $11.59. The firm’s market cap is $12.96 billion.

Marathon Oil Corp. (NYSE:MRO) last announced 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 period last year, the firm earned ($0.37) earnings per share. The business had revenue of $730 million for the quarter, compared to analyst estimates of $903.27 million. The company’s quarterly revenue was down 52.3% on a year-over-year basis. On average, analysts anticipate that Marathon Oil Corp. will post ($1.06) earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 during the last quarter. Morgan Stanley boosted its position 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 during the last quarter. South Dakota Investment Council boosted its position 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 during the last quarter. California Public Employees Retirement System boosted its position 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 during the last quarter. Finally, Swiss National Bank boosted its position 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 during 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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