Marathon Oil (MRO) Gets a Buy Rating from Raymond James

In a report released today, John Freeman from Raymond James maintained a Buy rating on Marathon Oil (MROResearch Report), with a price target of $40.00. The company’s shares closed last Friday at $25.00.

According to, Freeman is a top 100 analyst with an average return of 33.0% and a 58.9% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marathon Oil with a $31.93 average price target, which is a 27.7% upside from current levels. In a report released today, Susquehanna also upgraded the stock to Buy with a $32.00 price target.

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Based on Marathon Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.73 billion and net profit of $649 million. In comparison, last year the company earned revenue of $822 million and had a GAAP net loss of $338 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRO in relation to earlier this year. Earlier this month, Patrick Wagner, the EVP, Corporate Development and Strategy of MRO sold 65,218 shares for a total of $1,671,537.

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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.

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