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Stifel Nicolaus Believes Marathon Oil (MRO) Still Has Room to Grow

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Stifel Nicolaus analyst Derrick Whitfield maintained a Buy rating on Marathon Oil (MROResearch Report) on June 3 and set a price target of $38.00. The company’s shares closed last Monday at $31.41, close to its 52-week high of $33.24.

According to TipRanks.com, Whitfield has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.6% and a 36.7% success rate. Whitfield covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.

Currently, the analyst consensus on Marathon Oil is a Strong Buy with an average price target of $34.33, which is an 8.4% upside from current levels. In a report issued on May 31, Mizuho Securities also maintained a Buy rating on the stock with a $38.00 price target.

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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 $1.76 billion and net profit of $1.3 billion. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $97 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.

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.

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