The stock of Marathon Oil Corporation (NYSE:MRO) is a huge mover today! About 9.28 million shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 23.26% since March 16, 2016 and is uptrending. It has outperformed by 17.72% the S&P500.
The move comes after 6 months positive chart setup for the $12.51B company. It was reported on Oct, 19 by Barchart.com. We have $21.82 PT which if reached, will make NYSE:MRO worth $6.00B 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), 8 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 38% are positive. Marathon Oil Corporation has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 8. The firm earned “Hold” rating on Sunday, November 8 by Tudor Pickering. On Monday, August 10 the stock rating was downgraded by Oppenheimer to “Outperform”. The rating was upgraded by Atlantic Securities on Friday, October 30 to “Overweight”. The company was downgraded on Monday, December 14 by Howard Weil. The stock has “Hold” rating given by Societe Generale on Friday, September 9. The rating was upgraded by Simmons & Co to “Overweight” on Tuesday, May 31. The stock has “Hold” rating given by Tudor Pickering on Friday, November 6. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Neutral” rating by Credit Suisse on Monday, September 12. The firm has “Buy” rating given on Wednesday, March 30 by Seaport Global.
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 Q2 2016. 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.
Janney Montgomery Scott Ltd Liability Company has 76,367 shares for 0.02% of their US portfolio. Deprince Race & Zollo, a Florida-based fund reported 2.81 million shares. Babson Cap Management Llc owns 100,012 shares or 0.04% of their US portfolio. Advisory Network Limited holds 0.02% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 6,479 shares. Quantres Asset accumulated 1.23% or 131,400 shares. New Mexico Educational Retirement Board accumulated 98,771 shares or 0.07% of the stock. Fjarde Ap holds 0.06% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 161,561 shares. Airain Limited accumulated 178,691 shares or 0.16% of the stock. Blair William And Il holds 0% or 16,187 shares in its portfolio. Moreover, Aviva Public Lc has 0.05% invested in Marathon Oil Corporation (NYSE:MRO) for 502,191 shares. Carroll Fincl has 0% invested in the company for 882 shares. Jefferies Group Lc accumulated 27,640 shares or 0% of the stock. M&R Cap has invested 0.01% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Sector Pension Investment Board last reported 160,709 shares in the company. Centurylink Invest Management has 0.07% invested in the company for 13,449 shares.
More important recent Marathon Oil Corporation (NYSE:MRO) news were published by: Seekingalpha.com which released: “Is Marathon Oil Corporation Stock A Buy?” on October 10, 2016, also Bizjournals.com published article titled: “Marathon Oil sells another $235M in assets”, Moodys.com published: “Moody’s changes Marathon’s outlook to stable” on October 11, 2016. More interesting news about Marathon Oil Corporation (NYSE:MRO) was released by: Seekingalpha.com and their article: “Marathon Oil Comes Clean In Eagle Ford Update” 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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