Week in Review: How Trump's policies moved stocks » 07:2904/0404/04/20
XOM, CVX, NBL, XEC, FANG, RDS.A, RDS.B, DVN, BP, COP, MRO, BAC, WFC, C, JPM, MMM, VMC, EXP, GVA, NUE, PWR, J, MLM, DDAIF, FCAU, F, GM, HMC, NSANY, TSLA, TM, VWAGY
Catch up on the top…
Marathon Oil downgraded to Neutral from Buy at Mizuho » 07:2804/0304/03/20
Mizuho analyst Paul…
Mizuho analyst Paul Sankey downgraded Marathon Oil to Neutral from Buy with a $4.50 price target. The analyst cites valuation for the downgrade and is concerned about its longer-term trajectory with spending severely cut back in Oklahoma and Northern Delaware.
Marathon Oil downgraded to Underperform from Peer Perform at Wolfe Research » 14:5704/0204/02/20
Before the open, Wolfe…
Before the open, Wolfe Research analyst Josh Silverstein downgraded Marathon Oil to Underperform from Peer Perform.
Fly Intel: Wall Street's top stories at midday » 12:3504/0204/02/20
XOM, CVX, WBA, F, SBUX, LK, DOW, APA, FANG, EOG, CXO, HP, OXY, COP, DVN, FTI, HAL, XEC, PXD, SLB, HES, MRO, OKE, FLT, ARNC, PVH, ZM, SHOP
Stocks were higher from…
Marathon Oil downgraded to Hold from Buy at Argus » 07:5204/0104/01/20
Argus analyst Bill…
Argus analyst Bill Selesky downgraded Marathon Oil to Hold from Buy. The analyst cites "dramatically lower oil prices" as well as the impact on demand from the outbreak of COVID-19 leading to greater oil oversupply and a sharp deceleration in drilling activity starting in Q2. Selesky also sees uncertainty around the timing of resolution of a production dispute between OPEC and Russia, which could lead Marathon Oil to cut its dividend and reduce its capex plan. The analyst is cutting his FY20 EPS view to (70c) from 41c and also lowers his FY21 EPS view to (15c) from 52c.
Marathon Oil downgraded to Hold from Buy at Argus » 07:2704/0104/01/20
Argus analyst Bill…
Argus analyst Bill Selesky downgraded Marathon Oil to Hold from Buy.
Oil patch stocks get a lift after news of potential Trump-Putin dialogue » 13:3303/3103/31/20
XEC, FANG, RDS.A, XOM, DVN, COP, MRO, NBL
Shares of companies with…
Shares of companies with direct exposure to oil prices are moving higher on Tuesday following reports that U.S. President Donald Trump and Russian President Vladimir Putin have agreed to talks aimed at stabilizing energy markets, amid a historic free-fall in oil prices. Both brent and U .S. crude prices rose, with U.S crude up 79c, or 4%, to trade at $20.84 per barrel after settling at $20.09 on Monday. TWO STORMS FOR OIL: The outbreak of the COVID-19 pandemic paired with a dispute between former allies Russia and Saudi Arabia sent oil prices below $20 a barrel on Monday, close to their lowest level in 18 years. FOCUS ON EXPLORATION AND PRODUCTION: Stifel analyst Michael Scialla upgraded Noble Energy (NBL) to Buy from Hold on Tuesday with a price target of $18, up from $9. Investors should focus on Exploration and Production companies that can endure an "unparalleled oil market imbalance" amid the COVID-19 driven oil demand destruction and the dissolution of the OPEC agreement, Scialla told investors in a research note. PRICE ACTION: Shares of Noble Energy, Cimarex Energy (XEC) and Diamondback Energy, Inc. (FANG) are up over10% in afternoon trading. OTHERS TRADING HIGHER: Other energy names trading higher include Royal Dutch Shell (RDS.A), Exxon Mobil (XOM), Devon Energy (DVN) BP (BP), ConocoPhillips (COP) and Marathon Oil (MRO).
|Over a week ago|
Fly Intel: Pre-market Movers » 09:0903/2603/26/20
ALK, MRO, SIG, CSIQ, VIOT, UMRX, MU, MOV, F, MCD, EXPE, CAKE, BYND, GRPN
Check out this morning's…
Marathon Oil CEO buys 56.6K shares of common stock » 17:2403/2503/25/20
In a regulatory filing,…
In a regulatory filing, Marathon Oil disclosed that its CEO Lee Tillman bought 56.6K shares of common stock on March 23rd-24th with a transaction value of over $198K.
Marathon Oil downgraded to Neutral from Overweight at Piper Sandler » 06:3303/2503/25/20
Piper Sandler analyst…
Piper Sandler analyst Mark Lear downgraded Marathon Oil to Neutral from Overweight with a price target of $2, down from $25, after taking over coverage of the name. We have yet to witness the worst of the current oil market turmoil play out in the physical markets, Lear tells investors in a research note. As such, the analyst says it is "time to play defense" with respect to Exploration and Production stocks.