Marathon Oil Announces $2.5 Billion Canadian Oil Sands Divestiture and $1.1 Billion Permian Basin Acquisition

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Go back to Marathon Oil Announces $2.5 Billion Canadian Oil Sands Divestiture and $1.1 Billion Permian Basin Acquisition

Marathon Oil (MRO) PT Lowered to $24 at KLR Group; reiterates Buy

March 10, 2017 7:31 AM EST

KLR Group lowered its price target on Marathon Oil (NYSE: MRO) to $24.00 (from $26.00) while maintaining a Buy rating.

Analyst John Gerdes commented, "We are decreasing our MRO target price $2 to $24 per share due to the value leakage associated with the divestiture of the... More