Marathon Oil Corporation (NYSE:MRO) Earns “Buy” Rating from KLR Group
Marathon Oil Corporation (NYSE:MRO)‘s stock had its “buy” rating restated by research analysts at KLR Group in a research report issued to clients and investors on Wednesday. They presently have a $23.00 price target on the oil and gas producer’s stock, up from their prior price target of $21.00. KLR Group’s price objective would suggest a potential upside of 88.52% from the stock’s previous close.
A number of other equities analysts have also commented on MRO. Stifel Nicolaus initiated coverage on shares of Marathon Oil Corporation in a report on Wednesday, April 12th. They issued a “hold” rating and a $17.00 price objective on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price objective on shares of Marathon Oil Corporation in a report on Thursday, April 13th. Vetr upgraded shares of Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 price objective on the stock in a report on Friday, April 14th. Barclays PLC reiterated a “hold” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Marathon Oil Corporation in a report on Thursday, April 20th. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Marathon Oil Corporation in a report on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. Marathon Oil Corporation presently has an average rating of “Hold” and a consensus price target of $17.30.
Shares of Marathon Oil Corporation (MRO) traded down 1.37% during mid-day trading on Wednesday, hitting $12.20. The stock had a trading volume of 13,580,863 shares. Marathon Oil Corporation has a 12-month low of $11.20 and a 12-month high of $19.28. The stock’s market cap is $10.37 billion. The company’s 50 day moving average price is $11.89 and its 200 day moving average price is $14.47. Marathon Oil Corporation also was the recipient of unusually large options trading activity on Monday. Investors acquired 1,294 call options on the company. This is an increase of 127% compared to the typical volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned ($0.23) EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts predict that Marathon Oil Corporation will post ($0.40) EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in MRO. First Hawaiian Bank acquired a new stake in Marathon Oil Corporation during the first quarter valued at approximately $161,000. Oakbrook Investments LLC increased its stake in shares of Marathon Oil Corporation by 64.6% in the first quarter. Oakbrook Investments LLC now owns 70,850 shares of the oil and gas producer’s stock valued at $1,119,000 after buying an additional 27,800 shares during the period. Ledyard National Bank increased its stake in shares of Marathon Oil Corporation by 188.5% in the first quarter. Ledyard National Bank now owns 23,510 shares of the oil and gas producer’s stock valued at $371,000 after buying an additional 15,360 shares during the period. Hartford Financial Management Inc. increased its stake in shares of Marathon Oil Corporation by 14.4% in the first quarter. Hartford Financial Management Inc. now owns 24,282 shares of the oil and gas producer’s stock valued at $383,000 after buying an additional 3,051 shares during the period. Finally, DnB Asset Management AS increased its stake in shares of Marathon Oil Corporation by 70.4% in the first quarter. DnB Asset Management AS now owns 129,709 shares of the oil and gas producer’s stock valued at $2,049,000 after buying an additional 53,600 shares during the period. 81.28% 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.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.