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

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

Other analysts have also issued reports about the stock. UBS Group reduced their price objective on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Scotiabank lifted their target price on Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 10th. Piper Sandler upped 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 reduced their price objective on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company lowered their target price on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Marathon Oil has an average rating of “Moderate Buy” and a consensus target price of $31.12.

Marathon Oil Stock Down 0.6 %

NYSE:MRO opened at $26.55 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The firm’s 50-day moving average price is $27.53 and its 200-day moving average price is $27.66. The company has a market capitalization of $14.85 billion, a PE ratio of 10.33 and a beta of 2.16. Marathon Oil has a 1-year low of $21.81 and a 1-year high of $30.06.

Marathon Oil (NYSE:MRO) last announced its earnings results 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 business 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%. Marathon Oil’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. On average, equities analysts predict that Marathon Oil will post 2.52 EPS for the current fiscal year.

Insider Transactions at Marathon Oil

In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the transaction, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total value of $1,430,220.00. Following the transaction, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were 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 of the company’s stock, valued at $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. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Marathon Oil by 19.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer’s stock worth $20,285,000 after purchasing an additional 117,061 shares during the last quarter. Comerica Bank raised its position in shares of Marathon Oil by 15.0% during the 1st quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock valued at $4,882,000 after buying an additional 22,526 shares in the last quarter. Signet Financial Management LLC lifted its holdings in shares of Marathon Oil by 51.6% in the 1st quarter. Signet Financial Management LLC now owns 77,646 shares of the oil and gas producer’s stock valued at $2,200,000 after acquiring an additional 26,442 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Marathon Oil in the 2nd quarter valued at about $6,673,000. Finally, Vanguard Group Inc. increased its stake in Marathon Oil by 9.9% during the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after acquiring an additional 6,835,604 shares during the last quarter. Institutional investors own 77.24% of the company’s stock.

About Marathon Oil

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.