BMO Capital Markets Reiterates “$17.00” Price Target for Marathon Oil Corporation (MRO)

BMO Capital Markets set a $17.00 price objective on Marathon Oil Corporation (NYSE:MRO) in a research report sent to investors on Tuesday. The brokerage currently has a hold rating on the oil and gas producer’s stock.

Several other analysts also recently commented on MRO. BidaskClub raised Marathon Oil Corporation from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Morgan Stanley raised Marathon Oil Corporation from an underweight rating to an equal weight rating and lowered their price objective for the stock from $17.00 to $14.00 in a research note on Wednesday, June 21st. Seaport Global Securities downgraded Marathon Oil Corporation from a neutral rating to a sell rating and lowered their price objective for the stock from $17.00 to $9.00 in a research note on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price objective on Marathon Oil Corporation and gave the stock a hold rating in a research note on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Marathon Oil Corporation in a research note on Wednesday, June 28th. They issued a neutral rating and a $16.00 price objective for the company. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $17.06.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned ($0.23) earnings per share.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Investment Consultants LLC boosted its holdings in shares of Marathon Oil Corporation by 33.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,287 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Marathon Oil Corporation during the 2nd quarter valued at about $122,000. United Capital Financial Advisers LLC boosted its holdings in shares of Marathon Oil Corporation by 8.7% during the 1st quarter. United Capital Financial Advisers LLC now owns 10,994 shares of the oil and gas producer’s stock valued at $174,000 after purchasing an additional 884 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 2,693 shares during the last quarter. Finally, IBM Retirement Fund bought a new position in shares of Marathon Oil Corporation during the 2nd quarter valued at about $149,000. 80.98% of the stock is owned by institutional investors and hedge funds.

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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