Marathon Oil (NYSE:MRO – Get Rating) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.
MRO has been the topic of a number of other research reports. Piper Sandler decreased their price target on shares of Marathon Oil to $39.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Morgan Stanley upped their price target on shares of Marathon Oil from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, June 6th. Susquehanna raised shares of Marathon Oil from a “neutral” rating to a “positive” rating and set a $32.00 price objective for the company in a report on Monday, April 25th. Royal Bank of Canada boosted their price objective on shares of Marathon Oil from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Marathon Oil from $24.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, March 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Marathon Oil presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.27.
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Marathon Oil stock opened at $22.02 on Friday. Marathon Oil has a fifty-two week low of $10.41 and a fifty-two week high of $33.24. The firm has a market capitalization of $15.58 billion, a PE ratio of 7.67, a P/E/G ratio of 0.31 and a beta of 2.56. The company’s 50-day moving average is $27.38 and its 200-day moving average is $23.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.10 and a quick ratio of 1.06.
Marathon Oil (NYSE:MRO – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The oil and gas producer reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Marathon Oil had a net margin of 35.01% and a return on equity of 16.78%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business earned $0.21 EPS. Marathon Oil’s quarterly revenue was up 63.7% on a year-over-year basis. As a group, analysts expect that Marathon Oil will post 5.16 EPS for the current year.
In related news, insider Patrick Wagner sold 65,218 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $25.63, for a total transaction of $1,671,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dane E. Whitehead sold 79,711 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $28.18, for a total transaction of $2,246,255.98. Following the transaction, the chief financial officer now owns 321,225 shares of the company’s stock, valued at $9,052,120.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,220 shares of company stock valued at $4,766,850. 0.52% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Marathon Oil by 0.8% in the 1st quarter. State Street Corp now owns 48,341,531 shares of the oil and gas producer’s stock valued at $1,213,856,000 after acquiring an additional 392,821 shares during the period. JB Investments Management LLC increased its position in Marathon Oil by 2.5% in the 4th quarter. JB Investments Management LLC now owns 22,150,122 shares of the oil and gas producer’s stock valued at $363,705,000 after acquiring an additional 531,527 shares during the period. Dimensional Fund Advisors LP increased its position in Marathon Oil by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,976,955 shares of the oil and gas producer’s stock valued at $213,073,000 after acquiring an additional 351,432 shares during the period. Wellington Management Group LLP increased its position in Marathon Oil by 1,220.4% in the 1st quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock valued at $219,828,000 after acquiring an additional 8,091,570 shares during the period. Finally, Fisher Asset Management LLC increased its position in Marathon Oil by 1.4% in the 1st quarter. Fisher Asset Management LLC now owns 8,644,260 shares of the oil and gas producer’s stock valued at $217,057,000 after acquiring an additional 119,762 shares during the period. Institutional investors and hedge funds own 79.19% of the company’s stock.
About Marathon Oil (Get Rating)
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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