In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Marathon Oil (MRO – Research Report), with a price target of $33.00. The company’s shares closed last Monday at $31.25, close to its 52-week high of $33.24.
According to TipRanks.com, McDermott is a 5-star analyst with an average return of 15.7% and a 59.2% success rate. McDermott covers the Utilities sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Continental Resources, and Occidental Petroleum.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Oil with a $34.27 average price target.
The company has a one-year high of $33.24 and a one-year low of $10.41. Currently, Marathon Oil has an average volume of 21.68M.
Based on the recent corporate insider activity of 55 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.
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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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