Marathon Oil Corp. (NYSE:MRO) shares fell 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 changing hands. The stock had previously closed at $15.21.

Several brokerages have commented on MRO. Barclays PLC raised their price target on shares of Marathon Oil Corp. from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Jefferies Group reissued a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Marathon Oil Corp. in a report on Monday, July 11th. Royal Bank Of Canada reissued a “hold” rating on shares of Marathon Oil Corp. in a report on Saturday, July 9th. Raymond James Financial Inc. raised shares of Marathon Oil Corp. from an “outperform” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Thursday, July 7th. Finally, 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 report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.65.

The stock’s 50-day moving average price is $14.37 and its 200-day moving average price is $11.65. The stock’s market cap is $12.20 billion.

Marathon Oil Corp. (NYSE:MRO) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.03. During the same period last year, the company earned ($0.37) earnings per share. The firm earned $730 million during the quarter, compared to analysts’ expectations of $903.27 million. The business’s revenue for the quarter was down 52.3% on a year-over-year basis. On average, equities analysts expect that Marathon Oil Corp. will post ($1.01) EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in MRO. State of Tennessee Treasury Department boosted its stake in shares of Marathon Oil Corp. by 2.2% in the fourth quarter. State of Tennessee Treasury Department now owns 276,070 shares of the company’s stock worth $3,475,000 after buying an additional 5,924 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Marathon Oil Corp. by 43.2% in the fourth quarter. Suntrust Banks Inc. now owns 209,973 shares of the company’s stock worth $2,642,000 after buying an additional 63,389 shares during the period. Andra AP fonden boosted its stake in shares of Marathon Oil Corp. by 8.6% in the fourth quarter. Andra AP fonden now owns 181,800 shares of the company’s stock worth $2,289,000 after buying an additional 14,400 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Marathon Oil Corp. by 6.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 89,949 shares of the company’s stock worth $1,132,000 after buying an additional 5,791 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of Marathon Oil Corp. by 3.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 327,216 shares of the company’s stock worth $6,047,000 after buying an additional 9,861 shares during the period.

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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