Marathon Oil Corporation (MRO) is Downgraded by Societe Generale to Hold

Marathon Oil Corporation (MRO) was Downgraded by Societe Generale to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Societe Generale advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on Marathon Oil Corporation. Marathon Oil Corporation was Downgraded by Seaport Global Securities to ” Neutral” on Aug 30, 2016. Marathon Oil Corporation was Upgraded by BofA/Merrill to ” Buy” on Aug 16, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .

On the company’s financial health, Marathon Oil Corporation reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.25. The company had revenue of $1302.00 million for the quarter, compared to analysts expectations of $1076.24 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.

Marathon Oil Corporation opened for trading at $15.8 and hit $15.93 on the upside on Wednesday, eventually ending the session at $15.69, with a gain of 0.32% or 0.05 points. The heightened volatility saw the trading volume jump to 12,819,115 shares. Company has a market cap of $13,293 M.

In a different news, on Sep 22, 2015, Patrick Wagner (V.P.-Corporate Development) purchased 5,000 shares at $15.40 per share price. According to the SEC, on Aug 7, 2015, Lee M Tillman (CEO) purchased 25,600 shares at $19.51 per share price.

Marathon Oil Corporation is an energy company based in Houston Texas with operations in North America Europe and Africa. The Company operates in three segments: North America E&P segment which explores for produces and markets crude oil and condensate 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 LNG and methanol in Egypt 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. It has production operations in the United States Egypt Canada the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays including the Eagle Ford Bakken and Oklahoma Resource Basins.

Marathon Oil Corporation

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