Marathon Oil Corporation’s (NYSE:MRO) “Hold” Rating Reiterated at Jefferies Group LLC

Marathon Oil Corporation (NYSE:MRO)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a research report issued on Friday, October 6th. They presently have a $12.00 price objective on the oil and gas producer’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 12.85% from the company’s previous close.

Several other brokerages have also issued reports on MRO. Zacks Investment Research upgraded shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $19.00 to $15.00 in a research note on Wednesday, July 5th. Scotiabank restated a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a research note on Monday, August 7th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Marathon Oil Corporation in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.19.

Marathon Oil Corporation (NYSE:MRO) opened at 13.77 on Friday. The firm’s 50-day moving average price is $12.75 and its 200 day moving average price is $13.01. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28. The firm’s market cap is $11.70 billion.

Marathon Oil Corporation (NYSE:MRO) last posted its 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted ($0.23) earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts forecast that Marathon Oil Corporation will post ($0.42) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in 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 worth $1,693,396,000 after purchasing an additional 105,001,815 shares during the last quarter. Vanguard Group Inc. increased its position in Marathon Oil Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after acquiring an additional 1,808,213 shares during the last quarter. Macquarie Group Ltd. increased its position in Marathon Oil Corporation by 112.6% during the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after acquiring an additional 28,514,387 shares during the last quarter. State Street Corp increased its position in Marathon Oil Corporation by 2.8% during the second quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after acquiring an additional 1,350,863 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Marathon Oil Corporation by 0.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock valued at $766,613,000 after acquiring an additional 187,090 shares during the last quarter. Institutional investors own 80.81% 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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