Deutsche Bank Gets Bullish on Hess, Marathon Oil (HES, MRO)

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Analysts at Deutsche Bank on Tuesday issued some positive commentary on oil producers Hess Corp. ( HES ) and Marathon Oil Corporation ( MRO ).

The firm said it upgraded HES from "Hold" to "Buy" while raising its price target from $67 to $68. That new target suggests a slightly higher 21% upside to the stock's Monday closing price of $56.35.

Meanwhile, Deutsche Bank also upgraded MRO from "Hold" to "Buy" and boosted its price target from $33 to $37. That new target implies a potential 35% upside to MRO's Monday closing price of $27.32.

Hess shares rose 71 cents, or +1.3%, in premarket trading Tuesday, while Marathon shares gained 64 cents, or +2.3%.

The Bottom Line
Shares of Hess Corp ( HES ) have a .71% dividend yield, based on last night's closing stock price of $56.35. The stock has technical support in the $50-$52 price area. If the shares can firm up, we see overhead resistance around the $60-$62 price level. Shares of Marathon Oil ( MRO ) have a 2.20% dividend yield, based on last night's closing stock price of $27.32. The stock has technical support in the $23-$25 price area. If the shares can firm up, we see overhead resistance around the $29-$32 price levels.

Hess Corp. ( HES ) and Marathon Oil Corporation ( MRO ) are both rated "Neutral" by Dividend.com.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: HES , MRO

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