Marathon Oil Corporation (MRO) Rating Reiterated by Morgan Stanley
Marathon Oil Corporation (NYSE:MRO)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a report issued on Saturday.
Several other equities analysts also recently commented on MRO. FBR & Co reiterated a “buy” rating and set a $20.00 price target on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. ValuEngine downgraded shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Barclays PLC set a $11.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Vetr downgraded shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.33.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.00 on Friday. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The company’s market capitalization is $10.20 billion. The company has a 50 day moving average price of $11.60 and a 200 day moving average price of $13.39.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.23) earnings per share. Equities analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Investment Consultants LLC raised its holdings in shares of Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Marathon Oil Corporation in the second quarter worth $122,000. JFS Wealth Advisors LLC raised its holdings in shares of Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares during the last quarter. IBM Retirement Fund purchased a new position in shares of Marathon Oil Corporation in the second quarter worth $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Marathon Oil Corporation in the second quarter worth $150,000. 80.98% of the stock is owned by institutional investors and hedge funds.
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.
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