Marathon Oil Corporation (MRO) PT Set at $19.00 by Scotiabank

Marathon Oil Corporation (NYSE:MRO) received a $19.00 price objective from equities researchers at Scotiabank in a report released on Monday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Scotiabank’s price target would indicate a potential upside of 28.03% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Citigroup Inc. lowered shares of Marathon Oil Corporation from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Marathon Oil Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of Marathon Oil Corporation in a research note on Tuesday, November 7th. Jefferies Group LLC raised their target price on shares of Marathon Oil Corporation from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Societe Generale raised shares of Marathon Oil Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company’s stock. Marathon Oil Corporation has a consensus rating of “Hold” and a consensus target price of $17.34.

Marathon Oil Corporation (MRO) opened at $14.84 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. 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 released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted ($0.23) EPS. The business’s revenue was up 26.5% on a year-over-year basis. research analysts expect that Marathon Oil Corporation will post -0.4 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Marathon Oil Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock worth $1,027,132,000 after purchasing an additional 1,808,213 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Marathon Oil Corporation by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after purchasing an additional 693,366 shares during the last quarter. State Street Corp lifted its position in shares of Marathon Oil Corporation by 2.8% during the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock worth $593,258,000 after purchasing an additional 1,350,863 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Marathon Oil Corporation by 10.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after purchasing an additional 3,767,268 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Marathon Oil Corporation by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 35,334,271 shares of the oil and gas producer’s stock worth $418,709,000 after purchasing an additional 172,691 shares during the last quarter. 79.45% 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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