Marathon Oil (NYSE:MRO) PT Lowered to $27.00 at Truist Financial

Marathon Oil (NYSE:MRO) had its price target decreased by equities research analysts at Truist Financial from $35.00 to $27.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Truist Financial’s price objective points to a potential downside of 2.32% from the stock’s current price.

Several other research firms also recently issued reports on MRO. Mizuho dropped their price target on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Capital One Financial downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. StockNews.com began coverage on Marathon Oil in a research note on Saturday. They issued a “buy” rating on the stock. Piper Sandler increased 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. Finally, JPMorgan Chase & Co. dropped their price objective on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Marathon Oil currently has an average rating of “Moderate Buy” and a consensus target price of $31.15.

Marathon Oil Trading Up 3.8 %

Shares of MRO opened at $27.64 on Monday. Marathon Oil has a 12 month low of $21.81 and a 12 month high of $30.06. The stock’s 50-day moving average is $27.43 and its two-hundred day moving average is $27.67. 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 stock has a market cap of $15.59 billion, a PE ratio of 11.40 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. Equities analysts forecast that Marathon Oil will post 2.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Marathon Oil

In related news, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,090,489.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Michael A. Henderson sold 38,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the sale, the insider now owns 100,000 shares in the company, valued at $2,750,000. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marathon Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in Marathon Oil by 3.1% in the fourth quarter. US Bancorp DE now owns 50,852 shares of the oil and gas producer’s stock worth $1,229,000 after purchasing an additional 1,535 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in shares of Marathon Oil by 43.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 47,655 shares of the oil and gas producer’s stock valued at $1,151,000 after acquiring an additional 14,343 shares during the period. KBC Group NV raised its holdings in Marathon Oil by 444.3% during the fourth quarter. KBC Group NV now owns 244,407 shares of the oil and gas producer’s stock worth $5,905,000 after purchasing an additional 199,505 shares in the last quarter. NEOS Investment Management LLC acquired a new stake in Marathon Oil in the fourth quarter worth approximately $201,000. Finally, Rafferty Asset Management LLC boosted its stake in Marathon Oil by 3.5% during the 4th quarter. Rafferty Asset Management LLC now owns 445,598 shares of the oil and gas producer’s stock valued at $10,766,000 after purchasing an additional 15,188 shares in the last quarter. 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.