Marathon Oil Corp. (MRO) Stock Price Down 4.1%
Marathon Oil Corp. (NYSE:MRO)’s share price was down 4.1% during mid-day trading on Monday . The stock traded as low as $13.50 and last traded at $13.53, with a volume of 11,039,351 shares changing hands. The stock had previously closed at $14.11.
Several equities analysts have recently issued reports on MRO shares. Deutsche Bank AG lowered their price target on 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 Marathon Oil Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.00 to $13.00 in a research report on Wednesday, March 30th. Bank of America Corp. reiterated a “neutral” rating on shares of Marathon Oil Corp. in a research report on Tuesday, April 12th. Wells Fargo & Co. cut Marathon Oil Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 13th. Finally, Zacks Investment Research upgraded Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, April 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.65.
The firm’s market cap is $11.51 billion. The company has a 50-day moving average price of $14.48 and a 200-day moving average price of $11.72.
Marathon Oil Corp. (NYSE:MRO) last announced its earnings results on Wednesday, May 4th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.03. The firm had revenue of $730 million for the quarter, compared to the consensus estimate of $903.27 million. During the same period in the prior year, the business earned ($0.37) EPS. Marathon Oil Corp.’s quarterly revenue was down 52.3% on a year-over-year basis. Equities research analysts predict that Marathon Oil Corp. will post ($1.00) EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in MRO. Morgan Stanley increased its position in shares of 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. Vanguard Group Inc. increased its position in shares of 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. BP PLC purchased a new position in shares of Marathon Oil Corp. during the fourth quarter worth $1,006,000. Andra AP fonden increased its position 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 in the last quarter. Finally, Suntrust Banks Inc. increased its position 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 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.