Marathon Oil Corporation (MRO) Surges to 52-Week High, Is Now Top Performer

January 23, 2018 - By Louis Casey

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.01, from 0.93 in 2017Q2. It is negative, as 38 investors sold Marathon Oil Corporation shares while 190 reduced holdings. 63 funds opened positions while 146 raised stakes. 665.82 million shares or 1.16% less from 673.63 million shares in 2017Q2 were reported.
Hallmark Cap Mgmt Inc owns 13,750 shares. Korea has 0.03% invested in Marathon Oil Corporation (NYSE:MRO). Old Point Services N A owns 137,360 shares for 1.05% of their portfolio. Gabelli Funds Ltd Liability accumulated 449,500 shares. Norinchukin Fincl Bank The holds 0.02% in Marathon Oil Corporation (NYSE:MRO) or 63,266 shares. Boston Prns accumulated 3.54M shares or 0.06% of the stock. Glob X Limited Liability Com accumulated 16,320 shares. Encompass Advisors Ltd Liability Com stated it has 3.60 million shares. Financial Architects invested in 0.08% or 3,000 shares. Tcw Gp Inc reported 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Rockefeller Financial Services has invested 0% in Marathon Oil Corporation (NYSE:MRO). The Illinois-based Nuveen Asset Management Lc has invested 0.02% in Marathon Oil Corporation (NYSE:MRO). Everence owns 49,886 shares or 0.15% of their US portfolio. Bnp Paribas Arbitrage reported 1.47M shares. Parallax Volatility Advisers L P has 0% invested in Marathon Oil Corporation (NYSE:MRO) for 84,284 shares.

The stock of Marathon Oil Corporation (NYSE:MRO) hit a new 52-week high and has $20.55 target or 8.00 % above today’s $19.03 share price. The 5 months bullish chart indicates low risk for the $16.17B company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $20.55 price target is reached, the company will be worth $1.29 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.

The stock decreased 1.32% or $0.255 during the last trading session, reaching $19.025. About 7.59M shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 14.05% since January 23, 2017 and is uptrending. It has underperformed by 2.65% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on February, 14 after the close. They expect $-0.03 earnings per share, up 70.00 % or $0.07 from last year’s $-0.1 per share. After $-0.08 actual earnings per share reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts -62.50 % EPS growth.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Among 33 analysts covering Marathon Oil Corporation (NYSE:MRO), 15 have Buy rating, 0 Sell and 18 Hold. Therefore 45% are positive. Marathon Oil Corporation had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the shares of MRO in report on Friday, November 3 with “Hold” rating. The stock has “Outperform” rating by Oppenheimer on Monday, August 10. As per Monday, December 11, the company rating was initiated by Credit Suisse. RBC Capital Markets maintained Marathon Oil Corporation (NYSE:MRO) on Tuesday, October 10 with “Hold” rating. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Neutral” rating by Bank of America on Thursday, May 11. As per Tuesday, June 7, the company rating was initiated by KLR Group. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Hold” rating by Stifel Nicolaus on Thursday, October 5. Tudor Pickering downgraded the stock to “Hold” rating in Friday, November 6 report. The rating was maintained by Barclays Capital on Wednesday, October 11 with “Equal-Weight”. The stock has “Hold” rating by Jefferies on Thursday, October 19.

More important recent Marathon Oil Corporation (NYSE:MRO) news were published by: Seekingalpha.com which released: “Bullish Catalysts For Marathon Oil” on January 18, 2018, also Seekingalpha.com published article titled: “Marathon Oil: A Fantastic Company With A Fantastic Price That I May Need To Sell”, Seekingalpha.com published: “Marathon Oil-Phoenix In The Desert” on January 12, 2018. More interesting news about Marathon Oil Corporation (NYSE:MRO) was released by: Investorplace.com and their article: “How Marathon Oil Corporation Stock Is a Speculative Turnaround Play” with publication date: January 23, 2018.

Marathon Oil Corporation operates as an energy company. The company has market cap of $16.17 billion. It operates through three divisions: North America E&P, International E&P, and Oil Sands Mining. It currently has negative earnings. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids , and natural gas in North America.

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