Marathon Oil Corporation (MRO) Given New $13.00 Price Target at Barclays PLC

Marathon Oil Corporation (NYSE:MRO) had its price objective increased by Barclays PLC from $11.00 to $13.00 in a research note issued to investors on Wednesday morning. The firm currently has an equal weight rating on the oil and gas producer’s stock.

A number of other brokerages have also recently weighed in on MRO. Scotiabank set a $19.00 price target on shares of Marathon Oil Corporation and gave the company a buy rating in a research report on Wednesday, October 4th. Stifel Nicolaus set a $10.00 price objective on shares of Marathon Oil Corporation and gave the company a hold rating in a report on Thursday, October 5th. Jefferies Group LLC restated a hold rating and issued a $12.00 price objective on shares of Marathon Oil Corporation in a report on Friday, October 6th. BMO Capital Markets set a $17.00 price objective on shares of Marathon Oil Corporation and gave the company a hold rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a hold rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Marathon Oil Corporation presently has an average rating of Hold and a consensus target price of $17.06.

Shares of Marathon Oil Corporation (NYSE:MRO) traded down 0.44% during trading on Wednesday, reaching $13.62. 6,863,553 shares of the company’s stock were exchanged. The company has a 50 day moving average of $12.35 and a 200 day moving average of $13.07. The stock’s market cap is $11.57 billion. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned ($0.23) earnings per share. Marathon Oil Corporation’s revenue was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Marathon Oil Corporation will post ($0.44) EPS for the current year.

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Several large investors have recently modified their holdings of MRO. Principal Financial Group Inc. lifted its position in shares of Marathon Oil Corporation by 16.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,504,418 shares of the oil and gas producer’s stock worth $23,770,000 after buying an additional 210,919 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Marathon Oil Corporation by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 1,393,822 shares of the oil and gas producer’s stock worth $22,022,000 after buying an additional 47,805 shares during the last quarter. Sentry Investment Management LLC lifted its position in shares of Marathon Oil Corporation by 72.3% during the 1st quarter. Sentry Investment Management LLC now owns 65,739 shares of the oil and gas producer’s stock worth $1,039,000 after buying an additional 27,587 shares during the last quarter. Ngam Advisors L.P. lifted its position in shares of Marathon Oil Corporation by 10.7% during the 1st quarter. Ngam Advisors L.P. now owns 221,598 shares of the oil and gas producer’s stock worth $3,501,000 after buying an additional 21,418 shares during the last quarter. Finally, Cleararc Capital Inc. lifted its position in shares of Marathon Oil Corporation by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock worth $328,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 80.98% 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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