Jefferies Group LLC Reaffirms “Hold” Rating for Marathon Oil Corporation (MRO)

Jefferies Group LLC reiterated their hold rating on shares of Marathon Oil Corporation (NYSE:MRO) in a report issued on Thursday. The firm currently has a $14.00 price target on the oil and gas producer’s stock.

MRO has been the subject of several other reports. Scotiabank set a $19.00 target price on shares of Marathon Oil Corporation and gave the company a buy rating in a research report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Marathon Oil Corporation in a report on Wednesday, June 28th. They set a neutral rating and a $16.00 price target on the stock. Morgan Stanley raised shares of Marathon Oil Corporation from an underweight rating to an equal weight rating and lowered their price target for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Stifel Nicolaus set a $10.00 price target on shares of Marathon Oil Corporation and gave the company a hold rating in a report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a buy rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $17.19.

Shares of Marathon Oil Corporation (NYSE MRO) traded up 1.38% during mid-day trading on Thursday, hitting $13.93. 7,477,768 shares of the company were exchanged. The company’s market capitalization is $11.84 billion. The company has a 50 day moving average of $12.91 and a 200 day moving average of $13.00. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28.

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 the consensus estimate 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 business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share. Equities analysts anticipate that Marathon Oil Corporation will post ($0.41) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in MRO. Teachers Advisors LLC increased its position in Marathon Oil Corporation by 3.6% in the first quarter. Teachers Advisors LLC now owns 1,393,822 shares of the oil and gas producer’s stock worth $22,022,000 after purchasing an additional 47,805 shares during the last quarter. Global X Management Co. LLC increased its position in Marathon Oil Corporation by 29.4% in the first quarter. Global X Management Co. LLC now owns 12,584 shares of the oil and gas producer’s stock worth $199,000 after purchasing an additional 2,859 shares during the last quarter. United Capital Financial Advisers LLC increased its position in Marathon Oil Corporation by 8.7% in the first quarter. United Capital Financial Advisers LLC now owns 10,994 shares of the oil and gas producer’s stock worth $174,000 after purchasing an additional 884 shares during the last quarter. Amalgamated Bank increased its position in Marathon Oil Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 52,555 shares of the oil and gas producer’s stock worth $830,000 after purchasing an additional 4,280 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in 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 worth $56,480,000 after purchasing an additional 171,406 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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