The stock of Marathon Oil Corporation (NYSE:MRO) is a huge mover today! About 12.21M shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 15.56% since April 13, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.
The move comes after 9 months positive chart setup for the $13.36B company. It was reported on Nov, 15 by Barchart.com. We have $21.55 PT which if reached, will make NYSE:MRO worth $4.94B 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. As per Monday, October 17, the company rating was downgraded by Barclays Capital. As per Tuesday, June 21, the company rating was upgraded by Capital One. As per Monday, August 10, the company rating was downgraded by Oppenheimer. As per Wednesday, December 9, the company rating was initiated by JP Morgan. Citigroup maintained Marathon Oil Corporation (NYSE:MRO) on Monday, September 14 with “Neutral” rating. On Wednesday, January 27 the stock rating was downgraded by Atlantic Securities to “Neutral”. The firm has “Equal-Weight” rating given on Tuesday, January 12 by Morgan Stanley. The firm has “Hold” rating given on Friday, August 7 by TheStreet. The rating was maintained by BMO Capital Markets with “Hold” on Saturday, September 5. On Sunday, November 8 the stock rating was downgraded by Tudor Pickering to “Hold”.
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 dived, 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.
Nordea Management owns 25,175 shares or 0% of their US portfolio. California Employees Retirement System has 0.07% invested in the company for 2.90M shares. Calamos Advsrs has 0.01% invested in the company for 60,970 shares. The Connecticut-based Hartford Financial has invested 0.14% in Marathon Oil Corporation (NYSE:MRO). Cibc Asset Management accumulated 86,924 shares or 0.01% of the stock. Moreover, Bnp Paribas Investment Prtnrs has 0.04% invested in Marathon Oil Corporation (NYSE:MRO) for 301,490 shares. Schwab Charles Investment Mngmt has 3.23M shares for 0.06% of their US portfolio. Valley Natl Advisers owns 1,684 shares or 0.01% of their US portfolio. Moreover, Commerzbank Aktiengesellschaft Fi has 0.01% invested in Marathon Oil Corporation (NYSE:MRO) for 53,631 shares. Moreover, Blackrock Institutional Trust Na has 0.06% invested in Marathon Oil Corporation (NYSE:MRO) for 25.19 million shares. Td Asset Inc has 372,251 shares for 0.01% of their US portfolio. Moreover, James Investment Research has 0% invested in Marathon Oil Corporation (NYSE:MRO) for 23 shares. Franklin Resource Inc has 0.32% invested in the company for 39.16 million shares. Legal And General Gp Public Limited Com holds 4.87 million shares or 0.08% of its portfolio. Cg Asset Mngmt Limited Liability Corporation last reported 0.16% of its portfolio in the stock.
More news for Marathon Oil Corporation (NYSE:MRO) were recently published by: Fool.com, which released: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” on November 03, 2016. Seekingalpha.com‘s article titled: “Favorable Updates For Marathon Oil On The Horizon” and published on November 02, 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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