Vetr lowered shares of Marathon Oil Corporation (NYSE:MRO) from a strong-buy rating to a buy rating in a research report released on Monday morning. The firm currently has $14.22 price objective on the oil and gas producer’s stock.

Several other research firms have also recently commented on MRO. BMO Capital Markets reiterated a hold rating and issued a $17.00 price target on shares of Marathon Oil Corporation in a research note on Thursday, April 13th. Stifel Nicolaus assumed coverage on Marathon Oil Corporation in a research note on Wednesday, April 12th. They issued a hold rating and a $17.00 price target on the stock. Barclays PLC reiterated a hold rating and issued a $15.00 price target (down previously from $17.00) on shares of Marathon Oil Corporation in a research note on Thursday, April 20th. Bank of America Corporation lowered Marathon Oil Corporation from a buy rating to a neutral rating and lowered their price objective for the company from $25.00 to $22.00 in a report on Thursday, May 11th. Finally, Zacks Investment Research lowered Marathon Oil Corporation from a hold rating to a sell rating in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $17.44.

Marathon Oil Corporation (MRO) traded up 0.73% on Monday, hitting $12.44. The stock had a trading volume of 3,482,297 shares. The firm’s market cap is $10.57 billion. The company’s 50 day moving average is $11.91 and its 200 day moving average is $14.51. Marathon Oil Corporation has a 12-month low of $11.20 and a 12-month high of $19.28. Marathon Oil Corporation also was the target of unusually large options trading on Monday. Stock traders bought 1,294 call options on the stock. This represents an increase of approximately 127% compared to the typical daily volume of 569 call options.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted ($0.23) EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.40) EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.62%. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Marathon Oil Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock valued at $57,689,000 after buying an additional 164,096 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock valued at $1,804,000 after buying an additional 26,295 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Marathon Oil Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer’s stock valued at $56,480,000 after buying an additional 171,406 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

About Marathon Oil Corporation

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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