The stock of Marathon Oil Corporation (NYSE:MRO) is a huge mover today! About 10.84 million shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 71.76% since March 2, 2016 and is uptrending. It has outperformed by 63.50% the S&P500.
The move comes after 7 months positive chart setup for the $13.50B company. It was reported on Oct, 5 by Barchart.com. We have $20.53 PT which if reached, will make NYSE:MRO worth $3.51B more.
Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on November, 2. They expect $-0.14 earnings per share, up 30.00% or $0.06 from last year’s $-0.2 per share. After $-0.23 actual earnings per share reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts -39.13% EPS growth.
Marathon Oil Corporation (NYSE:MRO) Ratings Coverage
Out of 21 analysts covering Marathon Oil Corporation (NYSE:MRO), 9 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 43% are positive. Marathon Oil Corporation has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Bank of America upgraded the shares of MRO in a report on Tuesday, August 16 to “Buy” rating. The rating was downgraded by Oppenheimer on Monday, August 10 to “Outperform”. JP Morgan initiated the shares of MRO in a report on Wednesday, December 9 with “Underweight” rating. Atlantic Securities upgraded the stock to “Overweight” rating in Friday, October 30 report. On Tuesday, August 30 the stock rating was downgraded by Seaport Global to “Neutral”. Bank of America downgraded the stock to “Buy” rating in Monday, August 24 report. Tudor Pickering downgraded the stock to “Hold” rating in Sunday, November 8 report. As per Tuesday, June 21, the company rating was upgraded by Capital One. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Overweight” rating by Simmons & Co on Tuesday, May 31. Societe Generale downgraded the shares of MRO in a report on Friday, September 9 to “Hold” rating.
According to Zacks Investment Research, “Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions – Africa, Middle East, Europe and North America. As of year-end 2014, Marathon had approximately 2.2 billion oil-equivalent barrels (BBOE) in proved reserves (80% liquids and 67% developed). The company’s business is organized into three segments – North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. In July 2011, Marathon completed the spin-off of its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (Ticker: MPC).”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.29, from 1.38 in 2016Q1. The ratio turned negative, as 64 funds sold all Marathon Oil Corporation shares owned while 174 reduced positions. 57 funds bought stakes while 202 increased positions. They now own 670.09 million shares or 0.20% less from 671.42 million shares in 2016Q1.
Moreover, First Financial In has 0.05% invested in Marathon Oil Corporation (NYSE:MRO) for 5,630 shares. Andra Ap holds 111,200 shares or 0.04% of its portfolio. Walleye Trading Limited Liability Co accumulated 15,669 shares or 0% of the stock. Ladenburg Thalmann Serv accumulated 0.02% or 91,840 shares. Benjamin F Edwards And Communication has 3,252 shares for 0.01% of their US portfolio. Axa has 0.04% invested in the company for 578,087 shares. Exane Derivatives last reported 0% of its portfolio in the stock. Dg Capital holds 53,190 shares or 0.85% of its portfolio. Hl Fin Ltd Liability Company last reported 80,283 shares in the company. Managed Asset Portfolios has 14,400 shares for 0.09% of their US portfolio. Liberty Mutual Gru Asset Mngmt reported 148,445 shares or 0.08% of all its holdings. Ameritas Inc last reported 0.02% of its portfolio in the stock. Loomis Sayles And L P owns 689,495 shares or 0.03% of their US portfolio. King Luther Cap Mgmt has invested 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Schwab Charles Investment Management Inc has 3.23 million shares for 0.06% of their US portfolio.
More important recent Marathon Oil Corporation (NYSE:MRO) news were published by: Fool.com which released: “Better Buy: Apache Corp. vs. Marathon Oil Corporation” on October 05, 2016, also Bizjournals.com published article titled: “Marathon Oil sells another $235M in assets”, Seekingalpha.com published: “Marathon Oil Comes Clean In Eagle Ford Update” on September 28, 2016. More interesting news about Marathon Oil Corporation (NYSE:MRO) was released by: Seekingalpha.com and their article: “Will Marathon Oil Become A Takeover Target?” with publication date: September 28, 2016.
MRO Company Profile
Marathon Oil Corporation, incorporated on May 30, 2001, is an exploration and production firm with activities in North America, Europe and Africa. The Firm operates through three divisions: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment , which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Egypt, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.
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