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Monday, January 10, 2011

Marathon should split refiner/exploration-analysts, (NYSE: MRO)

Marathon Oil (MRO.N) should again consider splitting its refining and exploration businesses because the integrated oil and gas company is severely undervalued, Deutsche Bank analysts said on Monday. "Marathon could release major shareholder value by taking action," the analysts said in a note to clients. The company, based in Houston, had entertained the idea of a split before but shelved it in December 2008 as the financial crisis hit commodity markets.