Marathon Petroleum posts surprise profit as pipeline unit delivers

Owen Stevens
April 27, 2017

Vetr raised shares of Marathon Oil from a "buy" rating to a "strong-buy" rating and set a $19.81 price target for the company in a research report on Monday, January 2nd. (NYSE:MRO) in a research note published on Thursday. The firm owned 129,709 shares of the oil and gas producer's stock after buying an additional 53,600 shares during the period.

Several other brokerages have also recently issued reports on MRO. There may be various price targets for a stock.

The analysts offering 12 month price targets for Marathon Oil Corporation have a median target of $21, with a high estimate of $27 and a low estimate of $15. Jefferies Group LLC reissued a buy rating and set a $22.00 target price on shares of Marathon Oil in a report on Wednesday, January 18th.

Vetr downgraded shares of Marathon Oil Co. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Marathon Oil Corporation (NYSE:MRO) last session's volume of 10.92 million shares was lower than its average volume of 13.24 million shares. The stock touched its high share price of $19.28 on Dec 12, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on April 7, 2016 as $10.78. The firm's market cap is $12.97 billion.

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Marathon Oil (NYSE:MRO) opened at 15.31 on Monday.

Analysts' mean recommendation for Marathon Oil Corporation (MRO) stands at 2.30. If you are viewing this article on another publication, it was copied illegally and republished in violation of US and global copyright and trademark legislation. If you are reading this news story on another publication, it was illegally copied and republished in violation of U.S. & worldwide copyright legislation.

Currently, the market capitalization of Marathon Oil Corporation (MRO) is 13.27 Billion. Howard Hughes Med Institute invested in 0.21% or 18,076 shares. Marathon Oil's payout ratio is presently -9.26%.

Other institutional investors have also recently modified their holdings of the company. Exane Derivatives increased its stake in Marathon Oil by 7.7% in the third quarter. Independent Advisor Alliance acquired a new stake in shares of Marathon Oil during the fourth quarter worth approximately $103,000. LLC increased its stake in shares of Marathon Oil by 89.6% in the third quarter. Global X Management Co. Finally, First Citizens Bank & Trust Co. boosted its position in Marathon Oil by 131.5% in the first quarter. They expect $0.93 EPS, 0.00% or $0.00 from last year's $0.93 per share. Finally, FTB Advisors Inc. boosted its stake in Marathon Oil by 15.6% in the third quarter. The stock of Marathon Petroleum Corp (NYSE:MPC) earned "Buy" rating by Zacks on Monday, August 10. Trust Co. of Vermont now owns 8,186 shares of the oil and gas producer's stock worth $130,000 after buying an additional 2,700 shares during the last quarter.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, MRO earned gross profit of 7 Billion, in 2015 3.48 Billion gross profit, while in 2016 Marathon Oil Corporation (MRO) produced 2.67 Billion profit. The Company operates through three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.

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