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

Several other research firms have also recently weighed in on MRO. Morgan Stanley set a $15.00 target price on Marathon Oil Corporation and gave the stock a hold rating in a research note on Wednesday, October 18th. Scotiabank set a $19.00 target price on Marathon Oil Corporation and gave the stock a buy rating in a research note on Wednesday, October 4th. Stifel Nicolaus set a $10.00 target price on Marathon Oil Corporation and gave the stock a hold rating in a research note on Thursday, October 5th. BMO Capital Markets set a $17.00 target price on Marathon Oil Corporation and gave the stock a hold rating in a research note on Tuesday, October 10th. Finally, Barclays PLC boosted their target price on Marathon Oil Corporation from $11.00 to $13.00 and gave the stock an equal weight rating in a research note on Wednesday, October 11th. Three equities research 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’s stock. The company presently has an average rating of Hold and an average price target of $17.19.

Marathon Oil Corporation (MRO) opened at 13.93 on Thursday. The firm’s market cap is $11.84 billion. The stock’s 50 day moving average is $12.91 and its 200 day moving average is $13.00. 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 posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share 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 return on equity of 2.86% and a negative net margin of 140.22%. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.23) EPS. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.41) EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Marathon Oil Corporation by 2.1% in 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 purchasing an additional 1,808,213 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Marathon Oil Corporation by 112.6% in 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 purchasing an additional 28,514,387 shares during the period. State Street Corp increased its holdings in shares of Marathon Oil Corporation by 2.8% in 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 purchasing an additional 1,350,863 shares during the period. Franklin Resources Inc. increased its holdings in shares of Marathon Oil Corporation by 0.5% in the second quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock valued at $418,709,000 after purchasing an additional 172,691 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Marathon Oil Corporation by 2.3% in the second quarter. Northern Trust Corp now owns 10,143,987 shares of the oil and gas producer’s stock valued at $120,207,000 after purchasing an additional 228,780 shares during the period. 80.81% of the stock is currently 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.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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