Price Action to Note: Is Marathon Oil Corporation a Buy? The Stock Rises Again

Price Action to Note: Is Marathon Oil Corporation a Buy? The Stock Rises Again

The stock of Marathon Oil Corporation (NYSE:MRO) is a huge mover today! About 29.58M shares traded hands or 72.88% up from the average. Marathon Oil Corporation (NYSE:MRO) has risen 0.74% since April 27, 2016 and is uptrending. It has underperformed by 4.49% the S&P500.
The move comes after 8 months positive chart setup for the $14.96B company. It was reported on Nov, 30 by Barchart.com. We have $19.63 PT which if reached, will make NYSE:MRO worth $1.05B more.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on February, 15. They expect $-0.13 earnings per share, up 72.92% or $0.35 from last year’s $-0.48 per share. After $-0.11 actual earnings per share reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Out of 23 analysts covering Marathon Oil Corporation (NYSE:MRO), 9 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 39% are positive. Marathon Oil Corporation has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Thursday, September 1. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, January 12. The firm has “Buy” rating given on Monday, August 24 by Bank of America. The company was upgraded on Monday, January 11 by Barclays Capital. The company was upgraded on Wednesday, March 30 by Seaport Global. As per Sunday, November 8, the company rating was downgraded by Tudor Pickering. The stock has “Hold” rating given by Societe Generale on Friday, September 9. The firm earned “Buy” rating on Tuesday, August 16 by Bank of America. The firm earned “Hold” rating on Friday, November 6 by Tudor Pickering. The stock has “Overweight” rating given by Simmons & Co on Tuesday, May 31.

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 increased to 1.19 in 2016 Q2. Its up 0.10, from 1.09 in 2016Q1. The ratio is positive, 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.
Fifth Third Bancshares last reported 0% of its portfolio in the stock. Moreover, South Dakota Invest Council has 0.98% invested in Marathon Oil Corporation (NYSE:MRO) for 2.97 million shares. The United Kingdom-based Hsbc Holding Pcl has invested 0.02% in Marathon Oil Corporation (NYSE:MRO). Umb Bancshares N A Mo has invested 0.03% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Trust Department Mb Savings Bank N A holds 0.14% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 43,397 shares. Piedmont Investment Advsrs Limited Liability Co owns 152,075 shares or 0% of their US portfolio. The New Jersey-based Blackrock Investment Ltd Com has invested 0.24% in Marathon Oil Corporation (NYSE:MRO). Raymond James Trust Na reported 17,653 shares or 0.02% of all its holdings. Hermes Invest accumulated 2.20 million shares or 0.66% of the stock. C M Bidwell & Associates Ltd holds 1.17% or 314,580 shares in its portfolio. Cibc Asset last reported 86,924 shares in the company. James Investment Rech holds 0% or 23 shares in its portfolio. Nippon Life Glob Americas last reported 0.19% of its portfolio in the stock. Allen Invest Mgmt Ltd Liability Company owns 30,926 shares or 0.04% of their US portfolio. Northern Tru, a Illinois-based fund reported 9.79M shares.

More news for Marathon Oil Corporation (NYSE:MRO) were recently published by: Investorplace.com, which released: “Why Mallinckrodt PLC (MNK), Vale SA (ADR) (VALE) and Marathon Oil Corporation …” on November 29, 2016. Fool.com‘s article titled: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” and published on November 03, 2016 is yet another important article.

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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