BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Marathon Oil (NYSE: MRO) today and set a price target of $24. The company’s shares closed yesterday at $20.61.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 7.4% and a 58.0% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as HighPoint Resources Corporation, Whiting Petroleum Corp, and Occidental Petroleum.
Marathon Oil has an analyst consensus of Moderate Buy, with a price target consensus of $24.44, a 18.6% upside from current levels. In a report issued on July 23, Mizuho Securities also initiated coverage with a Hold rating on the stock with a $28 price target.
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The company has a one-year high of $22.74 and a one-year low of $10.55. Currently, Marathon Oil has an average volume of 11.88M.
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.
