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Fly News Breaks for October 19, 2018
MRO
Oct 19, 2018 | 06:33 EDT
Mizuho analyst Paul Sankey upgraded Marathon Oil to Buy while lowering his price target for the shares to $27 from $28. The stock continues to trade at a discount to large-cap peers despite a "clear trajectory" for free cash flow growth and increasing cash return via share repurchase, Sankey tells investors in a research note. He thinks concerns about future execution in the Northern Delaware and Oklahoma are more than offset by valuation and core extension in both the Bakken and Eagle Ford.
News For MRO From the Last 2 Days
MRO
Mar 28, 2024 | 17:28 EDT
In a regulatory filing, Marathon Oil executive VP Patrick Wagner disclosed the sale of 34,094 common shares of the company on March 27 at a price of $27.6469 per share.
MRO
Mar 28, 2024 | 09:26 EDT
Morgan Stanley raised the firm's price target on Marathon Oil to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.