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Marathon Oil (MRO) Receives a Buy from RBC Capital

RBC Capital analyst Scott Hanold maintained a Buy rating on Marathon Oil (MROResearch Report) on April 25 and set a price target of $33.00. The company’s shares closed last Tuesday at $24.08.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 23.0% and a 59.7% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $32.33, which is a 32.7% upside from current levels. In a report issued on April 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $37.00 price target.

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The company has a one-year high of $27.97 and a one-year low of $10.41. Currently, Marathon Oil has an average volume of 21.9M.

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.

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 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.

Read More on MRO:

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