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

Stock analysts at StockNews.com initiated coverage on shares of Marathon Oil (NYSE:MRO) in a note issued to investors on Sunday. The firm set a “buy” rating on the oil and gas producer’s stock.

A number of other brokerages have also weighed in on MRO. Mizuho decreased their target price on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Citigroup lowered their price objective 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. Wells Fargo & Company lowered their price target on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. UBS Group cut their price objective on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Finally, Truist Financial reduced their price objective on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Nine 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 company. Based on data from MarketBeat, Marathon Oil currently has an average rating of “Moderate Buy” and a consensus price target of $31.09.

Marathon Oil Stock Up 1.6 %

NYSE:MRO opened at $28.99 on Friday. Marathon Oil has a 1-year low of $21.81 and a 1-year high of $30.06. The company has a market capitalization of $16.35 billion, a PE ratio of 11.98 and a beta of 2.16. The firm’s 50-day moving average price is $27.46 and its 200-day moving average price is $27.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. On average, equities analysts predict that Marathon Oil will post 2.53 EPS for the current fiscal year.

Insider Activity at Marathon Oil

In related news, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Dane E. Whitehead sold 52,008 shares of the company’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 sale, the insider now owns 100,000 shares in the company, valued at $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Czech National Bank grew its position in Marathon Oil by 6.0% during the 3rd quarter. Czech National Bank now owns 113,952 shares of the oil and gas producer’s stock worth $3,035,000 after purchasing an additional 6,469 shares during the period. Mattson Financial Services LLC purchased a new position in Marathon Oil during the second quarter valued at approximately $76,000. Heritage Wealth Management Inc. purchased a new stake in Marathon Oil in the 2nd quarter worth approximately $1,588,000. Sanctuary Advisors LLC purchased a new stake in Marathon Oil in the 2nd quarter worth approximately $1,413,000. Finally, Cetera Investment Advisers grew its stake in shares of Marathon Oil by 15.7% during the 2nd quarter. Cetera Investment Advisers now owns 144,674 shares of the oil and gas producer’s stock worth $4,148,000 after purchasing an additional 19,592 shares during the period. 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.