J.P. Morgan Maintains Neutral Rating On Marathon Oil After Acquisition

According to a recent report, J.P. Morgan has maintained a Neutral rating on Marathon Oil 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, "Although the acquisition and development of a liquids-rich position is likely to deliver low-risk production, fueling growth in excess of previous expectations, it is also likely to generate modest returns in only the 12-13% range." MRO closed yesterday at $52.65.