Marathon Oil (NYSE:MRO) had its price objective dropped by stock analysts at Mizuho from $24.00 to $23.00 in a research report issued on Monday, The Fly reports. Mizuho’s target price would suggest a potential upside of 36.34% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Citigroup raised their target price on shares of Marathon Oil from $17.00 to $20.00 in a research note on Monday. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Tuesday, December 21st. Piper Sandler increased their price objective on shares of Marathon Oil from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, October 21st. Truist Securities increased their price objective on shares of Marathon Oil from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, October 7th. Finally, Benchmark began coverage on shares of Marathon Oil in a report on Tuesday, October 26th. They set a “buy” rating and a $19.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $18.18.
NYSE MRO traded up $0.45 on Monday, reaching $16.87. 954,495 shares of the stock were exchanged, compared to its average volume of 20,530,787. Marathon Oil has a one year low of $6.59 and a one year high of $17.59. The firm has a market capitalization of $13.13 billion, a PE ratio of -281.12, a PEG ratio of 0.83 and a beta of 3.02. The company’s 50-day simple moving average is $16.17 and its two-hundred day simple moving average is $14.03. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.
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Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Marathon Oil had a negative net margin of 0.91% and a positive return on equity of 5.17%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned ($0.28) EPS. Sell-side analysts forecast that Marathon Oil will post 1.32 earnings per share for the current fiscal year.
In other news, CAO Gary Eugene Wilson sold 99,174 shares of Marathon Oil stock in a transaction on Tuesday, December 7th. The stock was sold at an average price of $16.37, for a total transaction of $1,623,478.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Wagner sold 62,157 shares of Marathon Oil stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $16.83, for a total value of $1,046,102.31. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Marathon Oil in the second quarter valued at about $25,000. Reilly Financial Advisors LLC bought a new stake in shares of Marathon Oil in the third quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Marathon Oil in the third quarter valued at about $27,000. Dark Forest Capital Management LP raised its holdings in shares of Marathon Oil by 4,155.8% in the third quarter. Dark Forest Capital Management LP now owns 3,277 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of Marathon Oil by 238.6% in the third quarter. Moors & Cabot Inc. now owns 55,000 shares of the oil and gas producer’s stock valued at $62,000 after acquiring an additional 38,758 shares in the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.
About Marathon Oil
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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