Stock of The Day: Does Marathon Oil Corporation Have More Gas After Reaching 52-Week High?

Stock of The Day: Does Marathon Oil Corporation Have More Gas After Reaching 52 Week High?

The stock of Marathon Oil Corporation (NYSE:MRO) hit a new 52-week high and has $19.72 target or 6.00% above today’s $18.60 share price. The 5 months bullish chart indicates low risk for the $19.04B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $19.72 price target is reached, the company will be worth $1.14 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 6.60 million shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 25.85% since April 28, 2016 and is uptrending. It has outperformed by 19.93% the S&P500.

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. $29 is the highest target while $9 is the lowest. The $17.56 average target is -5.59% below today’s ($18.6) stock price. Marathon Oil Corporation has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. TheStreet downgraded the stock to “Hold” rating in Friday, August 7 report. The company was initiated on Wednesday, December 9 by JP Morgan. As per Thursday, July 14, the company rating was maintained by Barclays Capital. The stock has “Buy” rating given by Bank of America on Monday, August 24. The firm earned “Hold” rating on Saturday, September 5 by BMO Capital Markets. The firm earned “Overweight” rating on Monday, January 11 by Barclays Capital. Seaport Global downgraded Marathon Oil Corporation (NYSE:MRO) on Tuesday, August 30 to “Neutral” rating. The firm has “Outperform” rating by Oppenheimer given on Monday, August 10. The rating was maintained by RBC Capital Markets on Friday, July 8 with “Sector Perform”. On Tuesday, May 31 the stock rating was upgraded by Simmons & Co to “Overweight”.

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.
Ig Inv Mgmt accumulated 6,746 shares or 0% of the stock. Nationwide Fund last reported 0.06% of its portfolio in the stock. Dynamic Mgmt Ltd accumulated 0.18% or 104,957 shares. Schneider Mngmt Corporation has 2.66% invested in the company for 947,641 shares. Moreover, Plante Moran Advsr Ltd Liability has 0.02% invested in Marathon Oil Corporation (NYSE:MRO) for 1,933 shares. Northern Corporation holds 0.05% or 9.79 million shares in its portfolio. Archford Cap Strategies Llc accumulated 0% or 49 shares. Apriem Advsrs holds 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 300 shares. Engineers Gate Manager Lp has 178,166 shares for 0.19% of their US portfolio. Commonwealth Equity Svcs has 0.02% invested in the company for 123,585 shares. Aqr Capital Mgmt Llc holds 334,324 shares or 0.01% of its portfolio. Nomura Asset Management Company Ltd accumulated 168,650 shares or 0.05% of the stock. Hanson And Doremus Inv Mngmt holds 1,636 shares or 0.01% of its portfolio. Department Mb Fincl Bank N A last reported 0.14% of its portfolio in the stock. The Wisconsin-based Johnson Finance has invested 0% in Marathon Oil Corporation (NYSE:MRO).

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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