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BMO Capital Sticks to Its Hold Rating for Marathon Oil (MRO)


In a report issued on October 9, Phillip Jungwirth from BMO Capital reiterated a Hold rating on Marathon Oil (NYSE: MRO), with a price target of $25. The company’s shares opened today at $20.89.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 8.2% and a 60.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Anadarko Petroleum, and Devon Energy Corp.

Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $24.38, which is a 16.7% upside from current levels. In a report issued on September 26, Morgan Stanley also maintained a Hold rating on the stock with a $24 price target.

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Based on Marathon Oil’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.45 billion and net profit of $96 million. In comparison, last year the company earned revenue of $1.18 billion and had a GAAP net loss of $599 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Last month, Thomas Mitchell Little, the Executive VP – Operations of MRO sold 117,333 shares for a total of $2,427,620.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the United States Exploration and Production; and International Exploration and Production geographical segments.