Tag: mro

Marathon Oil’s Target Boosted at Goldman Sachs (MRO)

Integrated oil and natural gas producer Marathon Oil Corporation ( MRO ) on Monday saw its price target upped by analysts at Goldman Sachs. The firm said it raised its target on MRO from $51 to $58, which implies a 27% upside to the stock’s Friday closing price of $46.48. Goldman also reiterated its “Buy” rating on the stock, saying that “Based on our updated E&P valuation analysis, we continue to see Marathon as an inexpensive means to gain exposure to our constructive outlook for Mid-Continent refining margins.” Marathon Oil shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Marathon Oil ( MRO ) since Jan.26, 2011, when the stock was trading at $43.55. The company has a 2.15% dividend yield, based on Friday’s closing stock price of $ 46.48. Marathon Oil Corporation ( MRO ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Dividend Stock Leaders for the Week of Jan.10-14 (ITT, MRO, MOS, CLF, MRK, BVN, more)

Filed in Buenaventura, CF Industries, dividend, Gold Investment, Mosaic, o by on January 15, 2011 0 Comments

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Dividend Yield ITT Industries Inc. ( ITT ) $59.30 +12.69% 1.69% H. B. Fuller Company ( FUL ) $22.40 +12.34% 1.25% KLA-Tencor Corporation ( KLAC ) $42.11 +11.73% 2.37% Huntsman Corporation ( HUN ) $17.94 +10.88% 2.23% Marathon Oil Corporation ( MRO ) $42.59 +10.25% 2.35% Applied Materials Inc. ( AMAT ) $15.32 +9.74% 1.83% Cliffs Natural Resources ( CLF ) $88.84 +9.23% 0.63% Mosaic Company (the) ( MOS ) $82.97 +8.76% 0.24% Franklin Resources Inc. ( BEN ) $121.21 +8.52% 0.83% Cimarex Energy Co ( XEC ) $97.28 +7.20% 0.33% CF Industries Holdings Inc. ( CF ) $146.27 +6.40% 0.27% Radioshack Corporation ( RSH ) $17.25 -6.05% 1.45% Compania Buenaventura S.A. ( BVN ) $42.22 -6.84% 1.42% AmBev ( ABV ) $28.08 -7.02% 1.53% Merck & Company Inc. ( MRK ) $34.23 -8.35% 4.44% Strayer Education Inc. ( STRA ) $123.50 -19.41% 3.24% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Marathon Oil Shares Surge on Planned Spin-Off of Downstream Business (MRO)

Filed in dividend, Gold Investing, o, shares, Tegra by on January 13, 2011 0 Comments

Integrated oil company Marathon Oil Corporation ( MRO ) on Thursday announced a planned spin-off of its downstream business, sending its shares soaring in premarket trading. The company will spin off its refining operations into a separate entity called Marathon Petroleum Corporation, which will trade on the NYSE with symbol MPC. The new company will be headquartered in Findlay, Ohio and is expected to be the fifth-largest oil refiner in the United States. The spin-off is expected to be completed tax-free, and will be effective June 30, 2011. Marathon Oil shares jumped $4.33, or +11%, in premarket trading Thursday. The Bottom Line Shares of Marathon Oil ( MRO ) have a 2.47% dividend yield, based on last night’s closing stock price of $40.53. The stock has technical support in the $36 price area. If the shares can hold today’s rise, we see initial overhead resistance around the $45-$46 price levels. Marathon Oil Corporation ( MRO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Kinross (NYSE:KGC) JV Partner Millrock Resources (TSE:MRO) Releases Council Gold Results

Filed in Gold, Gold Prices, kinross-gold, Millrock by on October 25, 2010 0 Comments

Drilling results by Kinross Gold’s (NYSE:KGC) joint venture partner Millrock Resources (TSE:MRO) from its Council gold project in Western Alaska have been released by the company. Millrock’s report: “At Albion, 2,062m of reverse circulation drilling in 17 holes was completed. Two holes, CNL1013 and CNL1014, intersected more than 1 g/t gold mineralization, confirming bedrock mineralization at

Continue Reading »

Marathon Oil (MRO): A ‘Prudent’ Speculation

Filed in Bank Gold, commodities by on July 1, 2010 0 Comments
Marathon Oil (MRO): A ‘Prudent’ Speculation

Filed under: Newsletters , Commodities , Oil , Stocks to Buy , Marathon Oil (MRO) “We think there is too much risk to owning pure refiners in this environment,” says John Buckingham . The editor of The Prudent Speculator explains, “However, there is one company with a valuation now hurt by its refining exposure, but that is shifting upstream in a way that makes the eventual mix worth owning now: Marathon Oil ( MRO ). “Since the turn of the century, Marathon Oil has generated an average of 85% of its revenue from refining. And profit coming from the upstream division was weighted by taxes and royalties. As a result, the company has traditionally been valued much more like a refiner than a true integrated oil company. Continue reading Marathon Oil (MRO): A ‘Prudent’ Speculation Marathon Oil (MRO): A ‘Prudent’ Speculation originally appeared on BloggingStocks on Thu, 01 Jul 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

Continue Reading »

Crude Supplies Jump, Fuels Down – Analyst Blog

Filed in Debt, economy, euro, Gold Prices, ubs by on May 28, 2010 0 Comments

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected climb in crude stockpiles. However, on the positive side, gasoline and distillate supplies logged surprise declines. Refinery run-rates were almost flat from the previous week. Crude Oil The federal government’s Energy Information Administration (EIA) reported that crude inventories expanded by 2.5 million barrels for the week ending May 21, 2010, well above analyst expectations. The increase in crude stocks, the 6th in as many weeks, can be attributed to rising imports. At 365.1 million barrels, crude supplies are 2.0 million barrels above the year-earlier level but remain above the upper limit of the average for this time of the year (depicted in the first EIA chart below). The crude supply cover increased slightly from 24.0 days in the previous week to 24.2 days. In the year-ago period, the supply cover was 25.0 days. Gasoline Supplies of gasoline fell for the third consecutive week, defying analyst expectations for a rise. The 203,000 barrels drop came mainly on the back of production decline and finished components drawdown. At 221.6 million barrels, current inventories exceed the year-earlier levels and are above the upper half of the historical range, as shown in the following chart from the EIA. Distillate Distillate fuel inventories (including diesel and heating oil) were down by 267,000 barrels last week, even though analysts were…

Continue Reading »

Barclays Capital Raises Earnings Estimates for Marathon Oil (MRO)

Filed in dividend, earnings, Gold, shares by on May 11, 2010 0 Comments
Barclays Capital Raises Earnings Estimates for Marathon Oil (MRO)

Integrated oil company Marathon Oil Corporation ( MRO ) saw its earnings estimates boosted on Tuesday by analysts at Barclays Capital. The firm raised its 2010 earnings estimates for MRO to $3.10 per share, citing the recent discovery of oil in the “Flying Dutchman” area of the Gulf of Mexico. Barclays maintained its “Equal Weight” rating and $34 price target on the stock. Marathon Oil shares, which had closed at $31.58 on Monday, fell 31 cents, or -1%, in premarket trading Tuesday. The Bottom Line We have been avoiding shares of MRO since our June, 2008 coverage began and the stock was trading at $49.52. The stock has technical support in the $28 price area. If the shares can firm up, we see overhead resistance around the $33-$35 price levels. We would remain on the sidelines for now. Marathon Oil Corporation ( MRO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Mixed Signals in U.S. Oil Demand – Analyst Blog

Filed in economy, Gold, Gold Prices, silver by on November 27, 2009 0 Comments
Mixed Signals in U.S. Oil Demand – Analyst Blog

The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build in crude stockpiles, a surprise drop in distillates and improvement in refinery run-rates. However, this piece of positive data was somewhat tempered by reports of increases in gasoline supplies. In its release, the agency said that crude inventories rose by approximately 1.0 million barrels for the week ending November 20, lower than analysts’ expectations. The modest increase can be attributed to the turnaround in imports and Gulf of Mexico output following disruptions caused by Tropical Storm Ida. Current crude oil stocks, at 337.8 million barrels, are 6.1% above the year-earlier level and remain above the upper limit of the average for this time of the year (depicted in the first EIA chart below). Supplies of gasoline rose by 1.0 million barrels from the previous week (analysts hoped for a lower build), as demand continues to be stifled on the back of high unemployment. At 210.1 million barrels, current inventories are above year-earlier levels, and are slightly above the upper half of the historical range, as shown in the following chart from the EIA. Distillate fuel inventories (including diesel and heating oil) dropped by 500,000 barrels last week (they were expected to remain unchanged) to 166.9 million barrels, but remain above the upper boundary of the average range for this time of year. This is shown in the following chart, also from the EIA. Refinery utilization was up a 0.9% from the prior week to 80.3%, higher than analyst expectations, as refiners continued to boost throughputs to make up for the anemic demand. The overall demand picture remains weak, as reflected by the dip in the total refined products supplied over the last four-week period, a proxy for overall petroleum demand. It fell by 2.9% from the year-earlier period, with gasoline up 0.5%, distillates (includes diesel) down 9.5% and jet fuel up 1.6%. The higher-than-expected crude stockpile drop and the encouraging rise in the distillate inventories has raised hopes that the worst of the recession-induced slump may be over and demand is picking up. However, it did little to strengthen the price of the commodity, as higher-than-expected increases in gasoline more than offset this positive news. Moreover, the drop in petroleum stocks was triggered by weak refinery activity rather than a much-awaited pick-up in oil demand. As such, we prefer to…

Continue Reading »