Susquehanna Reaffirms Positive Rating for Marathon Oil (NYSE:MRO)

Marathon Oil (NYSE:MRO)‘s stock had its “positive” rating reiterated by research analysts at Susquehanna in a report released on Monday, Benzinga reports. They currently have a $33.00 target price on the oil and gas producer’s stock. Susquehanna’s price objective points to a potential upside of 18.62% from the stock’s current price.

Several other research analysts also recently weighed in on MRO. Truist Financial boosted their target price on Marathon Oil from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Raymond James dropped their target price on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Mizuho boosted their target price on Marathon Oil from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Scotiabank boosted their target price on Marathon Oil from $35.00 to $45.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, UBS Group dropped their target price on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Oil has an average rating of “Moderate Buy” and an average price target of $32.66.

Marathon Oil Trading Up 0.6 %

Shares of NYSE:MRO opened at $27.82 on Monday. Marathon Oil has a 12-month low of $21.63 and a 12-month high of $30.06. The business’s fifty day simple moving average is $26.44 and its 200-day simple moving average is $25.40. The company has a market capitalization of $15.90 billion, a PE ratio of 10.87 and a beta of 2.22. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $0.88 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that Marathon Oil will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Lee M. Tillman sold 80,647 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total value of $2,172,630.18. Following the completion of the transaction, the chief executive officer now owns 596,330 shares of the company’s stock, valued at approximately $16,065,130.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Dane E. Whitehead sold 73,233 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $27.06, for a total value of $1,981,684.98. Following the completion of the transaction, the chief financial officer now owns 152,008 shares of the company’s stock, valued at approximately $4,113,336.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee M. Tillman sold 80,647 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total value of $2,172,630.18. Following the completion of the transaction, the chief executive officer now directly owns 596,330 shares of the company’s stock, valued at approximately $16,065,130.20. The disclosure for this sale can be found here. Insiders sold a total of 281,332 shares of company stock valued at $7,644,903 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marathon Oil

A number of hedge funds have recently made changes to their positions in MRO. Smithfield Trust Co raised its holdings in shares of Marathon Oil by 367.9% during the third quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock valued at $27,000 after acquiring an additional 802 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Marathon Oil during the third quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in shares of Marathon Oil during the first quarter valued at approximately $27,000. Fortis Group Advisors LLC raised its holdings in shares of Marathon Oil by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock valued at $30,000 after acquiring an additional 618 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new position in shares of Marathon Oil during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds 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.