Marathon Oil Corporation (MRO) Given a $17.00 Price Target by BMO Capital Markets Analysts
Marathon Oil Corporation (NYSE:MRO) has been given a $17.00 price target by BMO Capital Markets in a report issued on Tuesday. The firm currently has a “hold” rating on the oil and gas producer’s stock. BMO Capital Markets’ price target would indicate a potential upside of 24.27% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Morgan Stanley raised shares of 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 research note on Wednesday, June 21st. Jefferies Group LLC set a $16.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Saturday, June 24th. Scotiabank set a $19.00 target price on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. KLR Group reaffirmed a “buy” rating and set a $23.00 target price (up previously from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $16.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.06.
Marathon Oil Corporation (NYSE MRO) opened at 13.68 on Tuesday. The firm’s market cap is $11.63 billion. The firm’s 50-day moving average price is $12.35 and its 200 day moving average price is $13.07. 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 data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The firm had revenue of $1.06 billion during 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 revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned ($0.23) earnings per share. Analysts forecast that Marathon Oil Corporation will post ($0.45) earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings in Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock valued at $8,693,000 after buying an additional 1,905 shares during the period. JPMorgan Chase & Co. lifted its holdings in Marathon Oil Corporation by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after buying an additional 1,341,589 shares during the period. Buckingham Asset Management LLC acquired a new position in Marathon Oil Corporation in the second quarter valued at $173,000. Finally, Dupont Capital Management Corp acquired a new position in Marathon Oil Corporation in the second quarter valued at $122,000. Institutional investors and hedge funds own 80.98% of the company’s stock.
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.
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