Marathon Oil Corporation (NYSE:MRO) Raised to Sell at BidaskClub

Marathon Oil Corporation (NYSE:MRO) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, August 5th.

A number of other research firms also recently weighed in on MRO. Zacks Investment Research upgraded Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. upgraded Marathon Oil Corporation from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Scotiabank reiterated a “buy” rating and set a $19.00 price target on shares of Marathon Oil Corporation in a report on Thursday, August 3rd. FBR & Co reiterated a “buy” rating and set a $20.00 price target on shares of Marathon Oil Corporation in a report on Monday, May 15th. Finally, ValuEngine cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.30.

Marathon Oil Corporation (NYSE:MRO) traded up 0.46% during midday trading on Friday, reaching $10.87. The company had a trading volume of 28,729,837 shares. The stock’s market cap is $9.24 billion. The firm has a 50-day moving average of $11.87 and a 200-day moving average of $14.06. 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 results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion for 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 quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.23) earnings per share. On average, equities analysts expect that Marathon Oil Corporation will post ($0.45) EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position 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 worth $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position 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 worth $8,693,000 after buying an additional 1,905 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Marathon Oil Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock worth $57,689,000 after buying an additional 164,096 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock valued at $1,804,000 after buying an additional 26,295 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Marathon Oil Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer’s stock valued at $56,480,000 after buying an additional 171,406 shares in the last quarter. Hedge funds and other institutional investors own 80.22% 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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