The stock of Marathon Oil Corporation (NYSE:MRO) is a huge mover today! About 38.32 million shares traded hands or 138.31% up from the average. Marathon Oil Corporation (NYSE:MRO) has risen 21.02% since April 1, 2016 and is uptrending. It has outperformed by 19.81% the S&P500.
The move comes after 5 months positive chart setup for the $11.62B company. It was reported on Nov, 3 by Barchart.com. We have $22.70 PT which if reached, will make NYSE:MRO worth $7.20 billion more.
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. On Monday, September 14 the stock rating was maintained by Citigroup with “Neutral”. The stock of Marathon Oil Corporation (NYSE:MRO) has “Sector Perform” rating given on Monday, December 14 by Howard Weil. Atlantic Securities upgraded Marathon Oil Corporation (NYSE:MRO) on Friday, October 30 to “Overweight” rating. The rating was downgraded by Barclays Capital on Monday, October 17 to “Equal Weight”. The firm earned “Neutral” rating on Monday, September 12 by Credit Suisse. Oppenheimer downgraded the shares of MRO in a report on Monday, August 10 to “Outperform” rating. BMO Capital Markets maintained the shares of MRO in a report on Saturday, September 5 with “Hold” rating. JP Morgan initiated Marathon Oil Corporation (NYSE:MRO) on Wednesday, December 9 with “Underweight” rating. The firm has “Overweight” rating by Simmons & Co given 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 decreased to 1.09 in Q2 2016. Its down 0.29, from 1.38 in 2016Q1. The ratio fall, 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.
Ledyard Bank & Trust has 0.02% invested in the company for 9,124 shares. Boston Advsrs Ltd Liability accumulated 0% or 10,838 shares. Alliancebernstein Lp last reported 1.58M shares in the company. Bb&T reported 29,909 shares or 0.01% of all its holdings. Moreover, Sandy Spring Natl Bank has 0% invested in Marathon Oil Corporation (NYSE:MRO) for 800 shares. Northpointe Capital Lc has 141,750 shares for 0.25% of their US portfolio. Td Asset, a Ontario – Canada-based fund reported 372,251 shares. Meyer Handelman has 0.33% invested in the company for 492,626 shares. Lucas Capital Mgmt, a New Jersey-based fund reported 74,900 shares. Cullinan Associates Incorporated has 0.03% invested in the company for 25,050 shares. Apriem Advsr holds 0% or 300 shares in its portfolio. Lombard Odier Asset (Europe) Ltd, a United Kingdom-based fund reported 66,457 shares. Thompson Davis &, a Virginia-based fund reported 3,838 shares. Enterprise Financial Ser Corp holds 1,577 shares or 0.01% of its portfolio. The Iowa-based Btc Capital Mngmt has invested 0.07% in Marathon Oil Corporation (NYSE:MRO).
More important recent Marathon Oil Corporation (NYSE:MRO) news were published by: Fool.com which released: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” on November 03, 2016, also Seekingalpha.com published article titled: “Favorable Updates For Marathon Oil On The Horizon”, Seekingalpha.com published: “Is Marathon Oil Corporation Stock A Buy?” on October 10, 2016. More interesting news about Marathon Oil Corporation (NYSE:MRO) was released by: Cnbc.com and their article: “Marathon oil shares soar after narrower-than-expected loss” with publication date: November 03, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.