Rating Change: RF Lafferty Covers Marathon Oil (NYSE:MRO). What Is Next?

November 28, 2016 - By Richard Conner

Rating Change: RF Lafferty Covers Marathon Oil (NYSE:MRO). What Is Next?

Why RF Lafferty Gives Marathon Oil (NYSE:MRO) $29.00 Price Target

In a a research report revealed to investors and clients on Monday morning, investment analysts at RF Lafferty began coverage on shares of Marathon Oil (NYSE:MRO). The firm set a “Buy” rating with $29.00, giving 80.91% to target.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Out of 22 analysts covering Marathon Oil Corporation (NYSE:MRO), 8 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 36% are positive. $25 is the highest target while $9 is the lowest. The $16.80 average target is 4.80% above today’s ($16.03) stock price. Marathon Oil Corporation has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the stock with “Hold” rating in Saturday, September 5 report. The rating was downgraded by Barclays Capital to “Equal Weight” on Monday, October 17. Capital One upgraded Marathon Oil Corporation (NYSE:MRO) on Tuesday, June 21 to “Overweight” rating. The rating was initiated by Susquehanna on Friday, November 18 with “Neutral”. The firm has “Overweight” rating given on Tuesday, May 31 by Simmons & Co. The firm has “Underweight” rating by JP Morgan given on Wednesday, December 9. The firm has “Buy” rating by Jefferies given on Monday, July 11. Barclays Capital maintained it with “Overweight” rating and $18 target price in Thursday, September 1 report. On Sunday, November 8 the stock rating was downgraded by Tudor Pickering to “Hold”. The stock of Marathon Oil Corporation (NYSE:MRO) has “Buy” rating given on Monday, August 24 by Bank of America.

About 11.48 million shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 17.72% since April 25, 2016 and is uptrending. It has outperformed by 11.70% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on February, 15. They expect $-0.13 EPS, up 72.92% or $0.35 from last year’s $-0.48 per share. After $-0.11 actual EPS reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.10, from 1.09 in 2016Q1. The ratio increased, 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.

Salem Capital Management owns 175,504 shares or 1.52% of their US portfolio. Nordea Investment Mngmt Ab last reported 0% of its portfolio in the stock. Hartford Investment Management holds 0.06% or 200,724 shares in its portfolio. Boston Private Wealth Ltd Liability Company accumulated 0.03% or 46,738 shares. Monetta holds 0.28% or 30,000 shares in its portfolio. Teacher Retirement Of Texas last reported 453,828 shares in the company. Carlson Capital Limited Partnership holds 0.28% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 1.48M shares. Financial Architects Incorporated, a New Jersey-based fund reported 4,545 shares. The New York-based Vollero Beach Prns Llc has invested 0.52% in Marathon Oil Corporation (NYSE:MRO). Moreover, Daiwa Group has 0% invested in Marathon Oil Corporation (NYSE:MRO) for 19,000 shares. Rs Investment Management Company Limited Liability Corp owns 11,278 shares or 0% of their US portfolio. Amica Mutual, a Rhode Island-based fund reported 340,420 shares. Bragg Advsr Inc accumulated 0.03% or 12,072 shares. Barrow Hanley Mewhinney & Strauss Lc accumulated 154,479 shares or 0% of the stock. Wheatland Incorporated holds 0.86% or 59,837 shares in its portfolio.

Marathon Oil Corporation is an exploration and production firm with activities in North America, Europe and Africa. The company has a market cap of $13.18 billion. The Firm operates through three divisions: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids 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 Equatorial Guinea, 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. It currently has negative earnings.

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).”

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.

Another recent and important Marathon Oil Corporation (NYSE:MRO) news was published by Fool.com which published an article titled: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” on November 03, 2016.

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