Marathon Oil (NYSE:MRO) Now Covered by StockNews.com

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

A number of other equities research analysts have also issued reports on MRO. Susquehanna cut their price target on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Citigroup reduced their target price on shares of Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Truist Financial cut their price objective on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Mizuho lowered their price objective on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, Scotiabank boosted their target price on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.12.

Marathon Oil Trading Up 0.8 %

NYSE:MRO opened at $28.85 on Friday. The company has a market cap of $16.14 billion, a P/E ratio of 12.38 and a beta of 2.16. Marathon Oil has a 1 year low of $21.81 and a 1 year high of $30.06. The stock’s fifty day moving average price is $27.29 and its two-hundred day moving average price is $27.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.69 and a quick ratio of 0.61.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts expect that Marathon Oil will post 2.36 EPS for the current year.

Insider Activity at Marathon Oil

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the firm’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 value of $1,430,220.00. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This trade represents a 34.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the sale, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. This trade represents a 33.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Institutional Trading of Marathon Oil

Several institutional investors and hedge funds have recently modified their holdings of MRO. HWG Holdings LP bought a new position in Marathon Oil during the 2nd quarter worth approximately $26,000. Founders Capital Management boosted its stake in shares of Marathon Oil by 100.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 500 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Marathon Oil in the second quarter worth about $29,000. Grove Bank & Trust raised its position in Marathon Oil by 77.4% during the second quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Marathon Oil in the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 77.24% of the company’s stock.

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.