Marathon oil

Deutsche Bank has initiated coverage on Marathon Petroleum (NYSE: MPC) with a Buy rating and $55 price target, while lowered the price target on Hold-rated Marathon Oil (NYSE: MRO) from $60 to $35.

Oppenheimer is out with its report today on Marathon Oil (NYSE: MRO), reiterating Outperform. In a note to clients, Oppenheimer writes, "We are reiterating our Outperform rating on MRO with a new price target of $40/share ($62 prior), as a result of the spin-off of its downstream business,...

According to J.P. Morgan, Marathon Oil (NYSE: MRO) Neutral rating is maintained. J.P. Morgan said that it is updating its valuation allocation for N-rated MRO ahead of the 30 June corporate split. “We have left our earnings estimates and our $55/share YE 2011 price target unchanged, reflecting our...

Private equity firm KKR (NYSE: KKR) said Wednesday that Marathon Oil (NYSE: MRO) has agreed to pay $3.5 billion for its Eagle Ford Shale project in Texas, a joint venture between KKR and Hilcorp Energy. KKR will see $1.13 billion from the transaction, almost treble its investment of $400 million in...

According to a recent report, J.P. Morgan has maintained a Neutral rating on Marathon Oil (NYSE: MRO) after the company's Eagle Ford acquisition and a conference call on Wednesday that provided additional details on the production and development of the company. In the report, J.P. Morgan said, "...

Goldman Sachs reduced its PT on Ingram Micro (NYSE: IM) to $20 from $23 and its rating was downgraded from Buy to Neutral. Marathon Oil Corp. (NYSE: MRO) had its price target increased to $72.00 from $68.00; Buy rating. Goldman initiated coverage on Motorola Solutions (NYSE: MSI) with a price...

According to Deutsche Bank, Marathon Oil (NYSE: MRO) saw a post-split-time performance. Deutsche Bank said that the good news is that the company is relatively cheap-looking. “The bad news is that the side with the stronger operational record and management reputation, in the mind of the market,...

Oppenheimer has raised the price target on Marathon Oil (NYSE: MRO) from $52 to $62 and maintains its Outperform rating.

Credit Suisse is out with a report to raise it Price Target of Marathon Oil (NYSE: MRO) to $57. “Average EBITDA for MRO's downstream has been around $2.6bn through the cycle. However, GME should add $400-500M post-tax cashflow and DHOUP adds an additional $500-600M EBITDA when on-stream in 2H12. We...

Oppenheimer has published a research report on Marathon Oil (NYSE: MRO) after the company announced its plan to split its E&P and R&M business. In the report, Oppenheimer writes "Marathon announced last week a definitive plan to split its E&P and R&M businesses into two independent...