Marathon Oil Corp. (NYSE:MRO) was downgraded by research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday. They currently have a $17.00 target price on the stock, down from their prior target price of $18.00. Barclays PLC’s target price would indicate a potential upside of 19.72% from the company’s previous close.
Other analysts have also issued reports about the company. Royal Bank Of Canada reiterated a “hold” rating on shares of Marathon Oil Corp. in a research report on Saturday, July 9th. Zacks Investment Research lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Wolfe Research upgraded Marathon Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 27th. Morgan Stanley upgraded Marathon Oil Corp. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research report on Tuesday, June 21st. Finally, Citigroup Inc. reiterated a “hold” rating and issued a $16.00 price objective (up from $14.00) on shares of Marathon Oil Corp. in a research report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Marathon Oil Corp. presently has an average rating of “Hold” and a consensus target price of $17.78.
Shares of Marathon Oil Corp. (NYSE:MRO) opened at 14.20 on Monday. The stock’s market capitalization is $12.03 billion. The firm’s 50-day moving average is $15.07 and its 200 day moving average is $14.16. Marathon Oil Corp. has a 1-year low of $6.52 and a 1-year high of $20.09.
Marathon Oil Corp. (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.05. The firm earned $1.30 billion during the quarter, compared to analyst estimates of $1.12 billion. Marathon Oil Corp. had a negative return on equity of 5.07% and a negative net margin of 43.87%. The company’s revenue was down 15.0% on a year-over-year basis. During the same period last year, the company earned ($0.23) earnings per share. On average, analysts expect that Marathon Oil Corp. will post ($0.98) EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. I.G. Investment Management LTD. bought a new stake in Marathon Oil Corp. during the second quarter valued at $101,000. Integrated Investment Consultants LLC increased its position in shares of Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock worth $106,000 after buying an additional 2,234 shares during the period. Hallmark Capital Management Inc. acquired a new position in shares of Marathon Oil Corp. during the second quarter worth approximately $111,000. Exane Derivatives acquired a new position in shares of Marathon Oil Corp. during the second quarter worth approximately $112,000. Finally, Pinkerton Retirement Specialists LLC acquired a new position in shares of Marathon Oil Corp. during the second quarter worth approximately $122,000. 80.92% of the stock is owned by hedge funds and other institutional investors.
About Marathon Oil Corp.
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.
Receive News & Ratings for Marathon Oil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corp. and related companies with MarketBeat.com's FREE daily email newsletter.