Marathon Oil Corporation (NYSE:MRO) has been assigned a $19.00 target price by stock analysts at Scotiabank in a research report issued on Wednesday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Scotiabank’s target price would suggest a potential upside of 36.89% from the company’s previous close.

A number of other research firms have also recently commented on MRO. Piper Jaffray Companies reiterated a “buy” rating on shares of Marathon Oil Corporation in a research note on Thursday, September 28th. BidaskClub upgraded shares of Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Barclays PLC set a $11.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price for the company. in a research note on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 target price (up from $13.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. Three 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’s stock. The company presently has an average rating of “Hold” and an average target price of $17.33.

Marathon Oil Corporation (NYSE MRO) opened at 13.88 on Wednesday. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The stock’s 50 day moving average is $12.03 and its 200-day moving average is $13.12. The company’s market cap is $11.80 billion.

Marathon Oil Corporation (NYSE:MRO) last released its earnings results 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 during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) earnings per share. Equities research analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in MRO. Integrated Investment Consultants LLC grew its holdings in shares of Marathon Oil Corporation by 33.8% during the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Marathon Oil Corporation during the second quarter worth $122,000. JFS Wealth Advisors LLC grew its holdings in shares of Marathon Oil Corporation by 27.6% during the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of Marathon Oil Corporation during the second quarter worth $149,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Marathon Oil Corporation during the second quarter worth $150,000. 80.98% of the stock is 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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