BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Marathon Oil (NYSE: MRO) on July 8 and set a price target of $23. The company’s shares closed yesterday at $21.91, close to its 52-week high of $22.12.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 10.0% and a 64.5% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as HighPoint Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
Marathon Oil has an analyst consensus of Moderate Buy, with a price target consensus of $23.
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Based on Marathon Oil’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.54 billion and net profit of $356 million. In comparison, last year the company earned revenue of $937 million and had a GAAP net loss of $96 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Patrick Wagner, the EVP, Corporate Development and Strategy of MRO sold 53,333 shares for a total of $1,130,126.
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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.
