Bank of America Merrill Lynch Maintains Buy on Marathon Oil

Bank of America Merrill Lynch is out with its report today on Marathon Oil MRO, maintaining Buy. In its report, Bank of America Merrill Lynch writes, "We believe the recent announcement to separate the company into two separate units that focus on E&P and refining, will release value from the shares and demand a higher premium to the current share price." Bank of America Merrill Lynch maintains a $56 PO on MRO. At the time of posting, shares of MRO were trading pre-market at $26.00, up 3.59% from Thursday's close.