Marathon Oil (NYSE:MRO) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Marathon Oil (NYSE:MRO) in a research report issued on Thursday. The brokerage set a “buy” rating on the oil and gas producer’s stock.

A number of other equities research analysts also recently commented on the stock. Susquehanna lowered their price target on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Piper Sandler boosted their price target on Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Citigroup decreased their price objective on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company lowered their price objective on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Finally, Truist Financial reduced their target price on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.12.

Marathon Oil Price Performance

Shares of NYSE:MRO opened at $28.79 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57. The business’s fifty day moving average price is $27.26 and its two-hundred day moving average price is $27.51. The stock has a market cap of $16.10 billion, a PE ratio of 11.20 and a beta of 2.16. Marathon Oil has a one year low of $21.81 and a one year high of $30.06.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that Marathon Oil will post 2.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the transaction, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Institutional Trading of Marathon Oil

Several large investors have recently modified their holdings of MRO. CIBC Asset Management Inc boosted its holdings in Marathon Oil by 7.5% in the third quarter. CIBC Asset Management Inc now owns 82,113 shares of the oil and gas producer’s stock valued at $2,187,000 after purchasing an additional 5,711 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Marathon Oil by 184.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,626 shares of the oil and gas producer’s stock valued at $629,000 after purchasing an additional 15,326 shares in the last quarter. KBC Group NV boosted its stake in shares of Marathon Oil by 227.8% during the 3rd quarter. KBC Group NV now owns 163,231 shares of the oil and gas producer’s stock valued at $4,346,000 after buying an additional 113,429 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Marathon Oil by 62.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 30,547 shares of the oil and gas producer’s stock worth $813,000 after buying an additional 11,746 shares in the last quarter. Finally, Carrera Capital Advisors bought a new stake in shares of Marathon Oil in the third quarter worth $1,813,000. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.