Marathon Oil (NYSE:MRO) PT Lowered to $35.00

Marathon Oil (NYSE:MRO) had its price objective decreased by investment analysts at Truist Financial from $36.00 to $35.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. Truist Financial’s price target indicates a potential upside of 29.39% from the stock’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley upped their price objective on Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Benchmark reaffirmed a “buy” rating and issued a $32.00 target price on shares of Marathon Oil in a research report on Friday, May 3rd. Scotiabank upped their target price on Marathon Oil from $35.00 to $45.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Susquehanna reaffirmed a “positive” rating and issued a $33.00 target price on shares of Marathon Oil in a research report on Monday, April 22nd. Finally, Raymond James decreased their target price on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.61.

Marathon Oil Price Performance

NYSE:MRO opened at $27.05 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $27.14 and its two-hundred day moving average price is $25.35. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 11.18 and a beta of 2.22. Marathon Oil has a 12-month low of $21.81 and a 12-month high of $30.06.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, analysts anticipate that Marathon Oil will post 2.83 earnings per share for the current year.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the sale, the insider now owns 176,923 shares of the company’s stock, valued at approximately $4,757,459.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction on 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 in the company, valued at approximately $16,065,130.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.89, for a total value of $1,074,766.41. Following the completion of the transaction, the insider now owns 176,923 shares of the company’s stock, valued at $4,757,459.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 281,332 shares of company stock valued at $7,644,903. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MRO. Raymond James Financial Services Advisors Inc. raised its position in Marathon Oil by 6.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 580,242 shares of the oil and gas producer’s stock worth $15,521,000 after purchasing an additional 35,998 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Marathon Oil by 3.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 36,395 shares of the oil and gas producer’s stock worth $974,000 after purchasing an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marathon Oil by 57.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 607,336 shares of the oil and gas producer’s stock worth $16,246,000 after purchasing an additional 221,388 shares during the last quarter. Mackenzie Financial Corp bought a new position in Marathon Oil during the 3rd quarter worth $1,899,000. Finally, Waldron Private Wealth LLC acquired a new stake in Marathon Oil during the 3rd quarter worth about $240,000. 77.24% of the stock is owned by institutional investors.

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.