Trading Report: Today, Barclays PLC lowers the Stock rating of Marathon Oil Corp. (MRO)

Today, Barclays PLC lowers the Stock rating of Marathon Oil Corp. (MRO)

Marathon Oil Corp. (NYSE:MRO) was downgraded by equities research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a report issued on Monday, The Fly reports.

Several other equities analysts have also recently weighed in on MRO. Bank of America Corp. raised shares of Marathon Oil Corp. from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.90 to $21.00 in a research note on Tuesday, August 16th. Simmons reissued an “overweight” rating on shares of Marathon Oil Corp. in a research note on Thursday, August 11th. Citigroup Inc. raised shares of Marathon Oil Corp. to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Thursday, July 7th. Canaccord Genuity started coverage on shares of Marathon Oil Corp. in a research note on Friday, September 30th. They issued a “hold” rating and a $16.00 target price for the company. Finally, Raymond James Financial Inc. raised shares of Marathon Oil Corp. from an “outperform” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Marathon Oil Corp. presently has an average rating of “Hold” and a consensus price target of $17.83.

Marathon Oil Corp. (NYSE:MRO) opened at 14.58 on Monday. Marathon Oil Corp. has a 52 week low of $6.52 and a 52 week high of $20.09. The stock has a 50 day moving average of $15.17 and a 200-day moving average of $14.06. The firm’s market cap is $12.35 billion.

Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.05. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Marathon Oil Corp. had a negative net margin of 43.87% and a negative return on equity of 5.07%. The business’s quarterly revenue was down 15.0% on a year-over-year basis. During the same period last year, the business earned ($0.23) EPS. Analysts expect that Marathon Oil Corp. will post ($0.98) earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in Marathon Oil Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 32,338 shares of the company’s stock valued at $485,000 after buying an additional 126 shares during the period. Blair William & Co. IL boosted its stake in Marathon Oil Corp. by 1.6% in the second quarter. Blair William & Co. IL now owns 16,187 shares of the company’s stock valued at $243,000 after buying an additional 249 shares during the period. Kanaly Trust Co boosted its stake in Marathon Oil Corp. by 1.6% in the second quarter. Kanaly Trust Co now owns 15,686 shares of the company’s stock valued at $235,000 after buying an additional 250 shares during the period. Pacer Advisors Inc. boosted its stake in Marathon Oil Corp. by 1.8% in the second quarter. Pacer Advisors Inc. now owns 15,848 shares of the company’s stock valued at $238,000 after buying an additional 277 shares during the period. Finally, Capital One National Association boosted its stake in Marathon Oil Corp. by 2.5% in the second quarter. Capital One National Association now owns 14,100 shares of the company’s stock valued at $211,000 after buying an additional 350 shares during the period. Institutional investors own 80.92% of the company’s stock.

Marathon Oil Corp. Company Profile

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. 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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