Marathon Oil Corporation (MRO) Rating Reiterated by Jefferies Group LLC

Marathon Oil Corporation (NYSE:MRO)‘s stock had its “hold” rating restated by Jefferies Group LLC in a report released on Friday. They presently have a $12.00 target price on the oil and gas producer’s stock. Jefferies Group LLC’s target price points to a potential downside of 11.44% from the stock’s current price.

A number of other brokerages have also commented on MRO. Zacks Investment Research raised Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. raised Marathon Oil Corporation from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Scotiabank reissued a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a report on Thursday, August 3rd. Vetr lowered Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a report on Monday, August 7th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Marathon Oil Corporation in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.28.

Marathon Oil Corporation (MRO) opened at 13.55 on Friday. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The firm has a 50-day moving average price of $12.11 and a 200-day moving average price of $13.11. The company’s market capitalization is $11.52 billion.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) earnings per share. On average, analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sentry Investment Management LLC grew its holdings in Marathon Oil Corporation by 1.1% during the second quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 702 shares during the period. Toronto Dominion Bank grew its holdings in Marathon Oil Corporation by 95.9% during the second quarter. Toronto Dominion Bank now owns 465,155 shares of the oil and gas producer’s stock valued at $5,510,000 after purchasing an additional 227,714 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Marathon Oil Corporation during the second quarter valued at $403,000. Proxima Capital Management LLC bought a new position

A number of other brokerages have also commented on MRO. Zacks Investment Research raised Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. raised Marathon Oil Corporation from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Scotiabank reissued a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a report on Thursday, August 3rd. Vetr lowered Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a report on Monday, August 7th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Marathon Oil Corporation in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.28.

Marathon Oil Corporation (MRO) opened at 13.55 on Friday. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The firm has a 50-day moving average price of $12.11 and a 200-day moving average price of $13.11. The company’s market capitalization is $11.52 billion.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) earnings per share. On average, analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/08/marathon-oil-corporation-mro-rating-reiterated-by-jefferies-group-llc.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sentry Investment Management LLC grew its holdings in Marathon Oil Corporation by 1.1% during the second quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 702 shares during the period. Toronto Dominion Bank grew its holdings in Marathon Oil Corporation by 95.9% during the second quarter. Toronto Dominion Bank now owns 465,155 shares of the oil and gas producer’s stock valued at $5,510,000 after purchasing an additional 227,714 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Marathon Oil Corporation during the second quarter valued at $403,000. Proxima Capital Management LLC bought a new position in Marathon Oil Corporation during the second quarter valued at $4,088,000. Finally, 1st Global Advisors Inc. grew its holdings in Marathon Oil Corporation by 3.3% during the second quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock valued at $625,000 after purchasing an additional 1,686 shares during the period. 80.98% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Corporation Company Profile

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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