Royal Bank Of Canada set a $16.00 price objective on Marathon Oil Corporation (NYSE:MRO) in a report released on Wednesday morning. The brokerage currently has a hold rating on the oil and gas producer’s stock.

MRO has been the topic of several other research reports. Scotiabank set a $19.00 target price on shares of Marathon Oil Corporation and gave the company a buy rating in a research report on Wednesday, October 4th. Morgan Stanley upgraded shares of Marathon Oil Corporation from an underweight rating to an equal weight rating and dropped their target price for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on shares of Marathon Oil Corporation in a research report on Wednesday, June 28th. They issued a neutral rating and a $16.00 target price on the stock. Stifel Nicolaus set a $10.00 target price on shares of Marathon Oil Corporation and gave the company a hold rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a buy rating in a research report on Friday, August 25th. 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. Marathon Oil Corporation presently has a consensus rating of Hold and an average target price of $17.06.

Marathon Oil Corporation (NYSE MRO) opened at 13.75 on Wednesday. The company’s market cap is $11.69 billion. The firm’s 50 day moving average is $12.54 and its 200 day moving average is $13.05. 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 earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned ($0.23) EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Marathon Oil Corporation will post ($0.44) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/royal-bank-of-canada-analysts-give-marathon-oil-corporation-mro-a-16-00-price-target/1631722.html.

Hedge funds have recently modified their holdings of the business. Eastern Bank raised its stake in shares of Marathon Oil Corporation by 0.6% in the 2nd quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after acquiring an additional 135 shares during the period. Cleararc Capital Inc. raised its stake in shares of Marathon Oil Corporation by 0.7% in the 1st 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 period. Freestone Capital Holdings LLC raised its stake in shares of Marathon Oil Corporation by 1.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after acquiring an additional 150 shares during the period. Berkshire Asset Management LLC PA raised its stake in shares of Marathon Oil Corporation by 0.8% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock valued at $304,000 after acquiring an additional 200 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of Marathon Oil Corporation by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock valued at $215,000 after acquiring an additional 234 shares during the period. 80.98% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.