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, 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.

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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.

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