Marathon Oil Corp. (MRO) Shares Down 1.3%
Shares of Marathon Oil Corp. (NYSE:MRO) dropped 1.3% during trading on Monday . The company traded as low as $14.71 and last traded at $14.72, with a volume of 7,603,931 shares traded. The stock had previously closed at $14.92.
MRO has been the subject of a number of research reports. Simmons lifted their price objective on Marathon Oil Corp. to $9.00 in a research report on Friday, March 25th. Seaport Global Securities upgraded Marathon Oil Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $13.00 in a research report on Thursday, March 31st. Deutsche Bank AG lowered their price objective on Marathon Oil Corp. from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, March 29th. KLR Group initiated coverage on Marathon Oil Corp. in a research report on Tuesday, June 7th. They issued a “buy” rating and a $21.00 price objective for the company. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, April 19th. 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 given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.42.
The company’s 50 day moving average is $14.04 and its 200-day moving average is $11.55. The stock’s market cap is $12.45 billion.
Marathon Oil Corp. (NYSE:MRO) last posted its earnings results on Wednesday, May 4th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.03. The firm earned $730 million during the quarter, compared to the consensus estimate of $903.27 million. Marathon Oil Corp.’s revenue for the quarter was down 52.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.37) earnings per share. On average, equities analysts expect that Marathon Oil Corp. will post ($1.09) earnings per share for the current fiscal year.
Other institutional investors have recently bought and sold shares of the company. BP PLC purchased a new position in Marathon Oil Corp. during the fourth quarter valued at approximately $1,006,000. Korea Investment CORP bought a new stake in shares of Marathon Oil Corp. during the fourth quarter valued at $1,037,000. World Asset Management Inc boosted its stake in shares of Marathon Oil Corp. by 0.6% in the fourth quarter. World Asset Management Inc now owns 83,512 shares of the company’s stock valued at $1,052,000 after buying an additional 501 shares during the last quarter. 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 valued at $1,132,000 after buying an additional 5,791 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Marathon Oil Corp. by 427.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 120,427 shares of the company’s stock valued at $1,516,000 after buying an additional 97,613 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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