Marathon Oil Corporation (MRO) Given a $17.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $17.00 price target on Marathon Oil Corporation (NYSE:MRO) in a report issued on Tuesday. The firm currently has a hold rating on the oil and gas producer’s stock.

A number of other equities analysts have also commented on the company. BidaskClub upgraded Marathon Oil Corporation from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Morgan Stanley raised Marathon Oil Corporation from an underweight rating to an equal weight rating and decreased their price objective for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Seaport Global Securities downgraded Marathon Oil Corporation from a neutral rating to a sell rating and decreased their price objective for the company from $17.00 to $9.00 in a report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price objective on Marathon Oil Corporation and gave the company a hold rating in a report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Marathon Oil Corporation in a report on Wednesday, June 28th. They set a neutral rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $16.96.

Shares of Marathon Oil Corporation (NYSE MRO) opened at 13.62 on Tuesday. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The firm’s market capitalization is $11.57 billion. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.06.

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 Thomson Reuters’ consensus estimate 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 the consensus estimate of $1.03 billion. During the same quarter last year, the business earned ($0.23) earnings per share. Marathon Oil Corporation’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts anticipate that Marathon Oil Corporation will post ($0.46) EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.47%. The ex-dividend date was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.

A number of institutional investors have recently added to or reduced their stakes in MRO. Principal Financial Group Inc. boosted its stake in Marathon Oil Corporation by 16.3% in the first quarter. Principal Financial Group Inc. now owns 1,504,418 shares of the oil and gas producer’s stock valued at $23,770,000 after acquiring an additional 210,919 shares during the last quarter. Teachers Advisors LLC boosted its stake 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 valued at $22,022,000 after acquiring an additional 47,805 shares during the last quarter. Sentry Investment Management LLC boosted its stake in Marathon Oil Corporation by 72.3% in the first quarter. Sentry Investment Management LLC now owns 65,739 shares of the oil and gas producer’s stock valued at $1,039,000 after acquiring an additional 27,587 shares during the last quarter. Ngam Advisors L.P. boosted its stake in Marathon Oil Corporation by 10.7% in the first quarter. Ngam Advisors L.P. now owns 221,598 shares of the oil and gas producer’s stock valued at $3,501,000 after acquiring an additional 21,418 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its stake in Marathon Oil Corporation by 0.7% in the first quarter. C

A number of other equities analysts have also commented on the company. BidaskClub upgraded Marathon Oil Corporation from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Morgan Stanley raised Marathon Oil Corporation from an underweight rating to an equal weight rating and decreased their price objective for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Seaport Global Securities downgraded Marathon Oil Corporation from a neutral rating to a sell rating and decreased their price objective for the company from $17.00 to $9.00 in a report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price objective on Marathon Oil Corporation and gave the company a hold rating in a report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Marathon Oil Corporation in a report on Wednesday, June 28th. They set a neutral rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $16.96.

Shares of Marathon Oil Corporation (NYSE MRO) opened at 13.62 on Tuesday. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The firm’s market capitalization is $11.57 billion. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.06.

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 Thomson Reuters’ consensus estimate 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 the consensus estimate of $1.03 billion. During the same quarter last year, the business earned ($0.23) earnings per share. Marathon Oil Corporation’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts anticipate that Marathon Oil Corporation will post ($0.46) EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.47%. The ex-dividend date was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.

A number of institutional investors have recently added to or reduced their stakes in MRO. Principal Financial Group Inc. boosted its stake in Marathon Oil Corporation by 16.3% in the first quarter. Principal Financial Group Inc. now owns 1,504,418 shares of the oil and gas producer’s stock valued at $23,770,000 after acquiring an additional 210,919 shares during the last quarter. Teachers Advisors LLC boosted its stake 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 valued at $22,022,000 after acquiring an additional 47,805 shares during the last quarter. Sentry Investment Management LLC boosted its stake in Marathon Oil Corporation by 72.3% in the first quarter. Sentry Investment Management LLC now owns 65,739 shares of the oil and gas producer’s stock valued at $1,039,000 after acquiring an additional 27,587 shares during the last quarter. Ngam Advisors L.P. boosted its stake in Marathon Oil Corporation by 10.7% in the first quarter. Ngam Advisors L.P. now owns 221,598 shares of the oil and gas producer’s stock valued at $3,501,000 after acquiring an additional 21,418 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its stake in Marathon Oil Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock valued at $328,000 after acquiring 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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