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Fly News Breaks for January 27, 2020
MRO
Jan 27, 2020 | 05:01 EDT
Stifel analyst Derrick Whitfield upgraded Marathon Oil to Buy from Hold with a price target of $17, up from $16. The analyst believes the company is well positioned to outperform in 2020 based on its commitment to shareholder returns and improving capital efficiency. Marathon also offers lower than average execution risks, and the company should report "strong" Q4 earnings and 2020 guidance, Whitfield tells investors in a research note.
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.