Piper Sandler Lowers Marathon Oil (NYSE:MRO) Price Target to $35.00

Marathon Oil (NYSE:MRO – Get Rating) had its price objective reduced by research analysts at Piper Sandler from $39.00 to $35.00 in a note issued to investors on Thursday, The Fly reports. Piper Sandler’s price objective points to a potential upside of 51.71% from the company’s current price.

Several other research firms have also recently issued reports on MRO. Morgan Stanley cut their target price on Marathon Oil from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, March 27th. Truist Financial increased their target price on shares of Marathon Oil from $34.00 to $39.00 in a research note on Tuesday, April 11th. UBS Group assumed coverage on shares of Marathon Oil in a research note on Wednesday, April 19th. They set a “buy” rating and a $33.00 target price for the company. Benchmark raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, February 16th. Finally, Jefferies Financial Group lowered their target price on shares of Marathon Oil from $29.00 to $25.00 in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.00.

Marathon Oil Stock Up 0.1 %

Shares of NYSE MRO opened at $23.07 on Thursday. Marathon Oil has a 12-month low of $19.42 and a 12-month high of $33.42. The stock has a market cap of $14.25 billion, a PE ratio of 5.67, a P/E/G ratio of 0.40 and a beta of 2.39. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $23.59 and a 200 day moving average of $26.38.

Marathon Oil (NYSE:MRO – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Marathon Oil had a return on equity of 24.17% and a net margin of 34.22%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. As a group, sell-side analysts predict that Marathon Oil will post 2.87 EPS for the current fiscal year.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, CAO Rob L. White sold 5,000 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $22.85, for a total value of $114,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 39,344 shares of the company’s stock, valued at $899,010.40. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Oil

Several institutional investors and hedge funds have recently modified their holdings of the business. Prudential PLC boosted its stake in shares of Marathon Oil by 26.2% during the 4th quarter. Prudential PLC now owns 185,507 shares of the oil and gas producer’s stock worth $5,022,000 after purchasing an additional 38,570 shares during the last quarter. General Partner Inc. purchased a new stake in Marathon Oil in the 4th quarter worth approximately $80,000. Empowered Funds LLC increased its stake in Marathon Oil by 432.2% in the third quarter. Empowered Funds LLC now owns 368,708 shares of the oil and gas producer’s stock valued at $8,326,000 after purchasing an additional 299,429 shares during the last quarter. Profund Advisors LLC increased its stake in Marathon Oil by 2.2% in the fourth quarter. Profund Advisors LLC now owns 39,128 shares of the oil and gas producer’s stock valued at $1,059,000 after purchasing an additional 846 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new position in Marathon Oil in the fourth quarter valued at $256,000. Hedge funds and other institutional investors own 77.30% of the company’s stock.

About Marathon Oil

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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.