Stifel Nicolaus reaffirmed their hold rating on shares of Marathon Oil Corporation (NYSE:MRO) in a report released on Friday. They currently have a $11.00 price target on the oil and gas producer’s stock.

MRO has been the subject of a number of other research reports. Jefferies Group LLC downgraded shares of Marathon Oil Corporation from a buy rating to a hold rating and cut their price target for the stock from $22.00 to $16.00 in a report on Wednesday, May 17th. FBR & Co restated a buy rating and set a $20.00 price target on shares of Marathon Oil Corporation in a report on Friday, May 5th. KLR Group restated a buy rating and set a $24.00 price target on shares of Marathon Oil Corporation in a report on Thursday, March 23rd. Canaccord Genuity restated a hold rating and set a $17.00 price target on shares of Marathon Oil Corporation in a report on Tuesday, March 21st. Finally, Morgan Stanley upgraded shares of Marathon Oil Corporation from an underweight rating to an equal weight rating and cut their price target for the stock from $17.00 to $14.00 in a report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Marathon Oil Corporation has an average rating of Hold and a consensus target price of $17.86.

Shares of Marathon Oil Corporation (MRO) traded down 0.52% during midday trading on Friday, reaching $11.59. The company’s stock had a trading volume of 14,067,463 shares. The stock’s market capitalization is $9.85 billion. The company has a 50 day moving average price of $12.98 and a 200-day moving average price of $15.51. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.29 billion. Marathon Oil Corporation had a negative net margin of 134.01% and a negative return on equity of 2.54%. The business’s revenue was up 88.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) EPS. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.29) EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Exane Derivatives boosted its stake in Marathon Oil Corporation by 39.2% in the second quarter. Exane Derivatives now owns 13,795 shares of the oil and gas producer’s stock valued at $163,000 after buying an additional 3,888 shares during the period. Ledyard National Bank boosted its stake in Marathon Oil Corporation by 8.7% in the second quarter. Ledyard National Bank now owns 25,545 shares of the oil and gas producer’s stock valued at $303,000 after buying an additional 2,035 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Marathon Oil Corporation by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 137,541 shares of the oil and gas producer’s stock valued at $1,630,000 after buying an additional 114,947 shares during the period. Hallmark Capital Management Inc. boosted its stake in Marathon Oil Corporation by 123.0% in the second quarter. Hallmark Capital Management Inc. now owns 14,050 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 7,750 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock valued at $8,693,000 after buying an additional 1,905 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Corporation Company Profile

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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