Marathon Oil Corporation (NYSE:MRO) Analyst Research Summary
- Author: Zachary Reyes Aug 31, 2016,
Aug 31, 2016, 7:14
Out of 13 analysts covering Marathon Petroleum (NYSE:MPC), 9 rate it a "Buy", 1 "Sell", while 3 "Hold". Morgan Stanley upgraded it to "Equal-Weight" rating and $21 target price in a June 21 report. Moreover, Caymus Capital Partners L.P. has 3.59% invested in the company for 1.60 million shares. The Corporation has average brokerage recommendation (ABR) of 1.86 based on consensus of the brokerage firms issuing ratings.
The sales growth quarter on quarter is at -34.20% while the total number of outstanding shares are at 850.45. River & Mercantile Asset Management LLP bought a new position in shares of Marathon Oil Corp. during the first quarter worth about $1,149,000. Wagner Patrick now have 35,167 shares in the stock after this transaction.
Marathon Oil Corporation (NYSE:MRO) mean estimate for revenue for the ongoing quarter ending Sep 16 is $1.18B by 6 analysts.
US based company, Marathon Oil Corporation's (MRO)'s latest closing price distance was 26.15% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 9.24% and 8.19% compared with the 20 Day Moving Average.
Mitchell Group Inc scooped up 304,100 additional shares in Marathon Oil Corporation during the most recent quarter end, the firm said in a disclosure report filed with the SEC on Aug 12, 2016. Charter Trust Co. increased its position in shares of Marathon Oil Corp.by 3.2% in the first quarter. Analysts had expected Marathon Oil Corporation (NYSE:MRO) to report earnings of about $0.44 per share on $11,461.30M in revenue. Analyst recommendation for this stock stands at 2.30. The Company's exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries. The average target is $17.52 with three firms rating the company a strong buy, eight firms rating the company a buy, 14 analyts rating the stock a hold, one firm rating the company to underperform, and lastly one analystrating the company as sell. The Firm operates through three divisions: North America E&P, global E&P (Int'l E&P), and Oil Sands Mining (OSM). The company's business is organized into three segments - North America Exploration and Production, International Exploration and Production, and Oil Sands Mining.
Murphy Oil Corporation is an oil and gas exploration and production company. The company finished it is trading at $44.74.
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