Shares of Marathon Oil Corp. (NYSE:MRO) dropped 1.2% during trading on Monday . The stock traded as low as $14.72 and last traded at $15.02, with a volume of 9,365,024 shares trading hands. The stock had previously closed at $15.21.

MRO has been the subject of several recent analyst reports. Simmons raised their price objective on shares of Marathon Oil Corp. to $9.00 in a research note on Friday, March 25th. Deutsche Bank AG reduced their price objective on shares of Marathon Oil Corp. from $19.00 to $18.00 and set a “buy” rating for the company in a research note 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 note 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 equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Marathon Oil Corp. has an average rating of “Buy” and an average price target of $17.65.

The company has a 50-day moving average price of $14.36 and a 200-day moving average price of $11.63. The stock’s market cap is $12.87 billion.

Marathon Oil Corp. (NYSE:MRO) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.03. During the same period in the prior year, the company posted ($0.37) earnings per share. The firm had revenue of $730 million for the quarter, compared to analysts’ expectations of $903.27 million. Marathon Oil Corp.’s quarterly revenue was down 52.3% compared to the same quarter last year. Equities analysts anticipate that Marathon Oil Corp. will post ($1.02) EPS for the current year.

Other hedge funds have recently bought and sold shares of the company. Morgan Stanley raised 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. First Trust Advisors LP raised its stake in Marathon Oil Corp. by 35.1% in the fourth quarter. First Trust Advisors LP now owns 1,015,078 shares of the company’s stock worth $12,780,000 after buying an additional 263,745 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Marathon Oil Corp. by 427.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 120,427 shares of the company’s stock worth $1,516,000 after buying an additional 97,613 shares in the last quarter. Vanguard Group Inc. raised 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. Finally, Sei Investments Co. raised its stake in Marathon Oil Corp. by 10.9% in the fourth quarter. Sei Investments Co. now owns 485,147 shares of the company’s stock worth $6,108,000 after buying an additional 47,569 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.