Marathon Oil Gets a Hold from Barclays

By Carrie Williams

In a report released yesterday, Thomas Driscoll from Barclays maintained a Hold rating on Marathon Oil (NYSE: MRO), with a price target of $15. The company’s shares opened today at $15.09.

According to, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Occidental Petroleum.

Currently, the analyst consensus on Marathon Oil is Moderate Buy and the average price target is $19.83, representing a 31.4% upside.

In a report issued on April 12, Stifel Nicolaus also initiated coverage with a Hold rating on the stock with a $17 price target.

Based on Marathon Oil’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.2 billion and GAAP net loss of $1.37 billion. In comparison, last year the company earned revenue of $773 million and had a GAAP net loss of $407 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MRO in relation to earlier this year. Most recently, in August 2015, Lee Tillman, the President and CEO of MRO bought 25,600 shares for a total of $499,366.

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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 segments: North America E&P, International E&P, and Oil Sands Mining. The North America E&P segment engages in the explores for, produces, and markets crude oil and condensate, natural gas liquids (NGL), and natural gas in the United States. The International E&P segment involves exploration, production, and marketing of crude oil and condensate, NGL and natural gas outside of North America; and production and marketing of products manufactured from natural gas such as liquefied natural gas and methanol in Equatorial Guinea. The Oil Sands segment includes mining, extraction, and transport of bitumen from oil sands deposits in Alberta, Canada, and the upgrade of bitumen to produce and market synthetic crude oil and vacuum gas oil. The company was founded in 1887 and is headquartered in Houston, TX.