Marathon Oil (NYSE:MRO – Get Rating) had its price objective raised by investment analysts at Citigroup to $30.00 in a research report issued on Thursday, Stock Target Advisor reports. Citigroup’s target price points to a potential downside of 1.90% from the stock’s previous close.
A number of other brokerages have also issued reports on MRO. Raymond James raised their price target on Marathon Oil from $35.00 to $37.00 and gave the stock a “strong-buy” rating in a research note on Monday. Jefferies Financial Group started coverage on Marathon Oil in a report on Wednesday, October 19th. They issued a “hold” rating and a $30.00 price objective on the stock. Barclays raised their price objective on Marathon Oil from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 19th. StockNews.com downgraded Marathon Oil from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Morgan Stanley cut their price objective on Marathon Oil from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.
Marathon Oil Price Performance
Shares of MRO traded up $0.40 during trading hours on Thursday, reaching $30.58. 443,134 shares of the company traded hands, compared to its average volume of 13,937,904. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $21.64 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 0.45 and a beta of 2.41. Marathon Oil has a fifty-two week low of $14.29 and a fifty-two week high of $33.24. The stock has a fifty day simple moving average of $26.10 and a 200 day simple moving average of $25.56.
Marathon Oil (NYSE:MRO – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The oil and gas producer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.09. Marathon Oil had a return on equity of 23.30% and a net margin of 42.46%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, research analysts predict that Marathon Oil will post 4.58 EPS for the current fiscal year.
Insider Transactions at Marathon Oil
In related news, CFO Dane E. Whitehead sold 28,553 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $22.61, for a total transaction of $645,583.33. Following the completion of the transaction, the chief financial officer now owns 229,129 shares in the company, valued at approximately $5,180,606.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Marathon Oil news, CFO Dane E. Whitehead sold 33,252 shares of Marathon Oil stock in a transaction on Monday, September 19th. The stock was sold at an average price of $26.01, for a total transaction of $864,884.52. Following the sale, the chief financial officer now owns 257,682 shares of the company’s stock, valued at approximately $6,702,308.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dane E. Whitehead sold 28,553 shares of Marathon Oil stock in a transaction on Friday, September 30th. The shares were sold at an average price of $22.61, for a total value of $645,583.33. Following the sale, the chief financial officer now directly owns 229,129 shares in the company, valued at approximately $5,180,606.69. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Institutional Trading of Marathon Oil
Several hedge funds have recently added to or reduced their stakes in MRO. Washington Trust Advisors Inc. bought a new stake in shares of Marathon Oil in the 1st quarter worth $25,000. Zullo Investment Group Inc. acquired a new stake in shares of Marathon Oil during the first quarter worth $30,000. Ronald Blue Trust Inc. acquired a new stake in shares of Marathon Oil during the second quarter worth $30,000. Tsfg LLC acquired a new stake in shares of Marathon Oil during the first quarter worth $31,000. Finally, CX Institutional acquired a new stake in shares of Marathon Oil during the second quarter worth $34,000. Institutional investors own 75.16% of the company’s stock.
Marathon Oil Company Profile
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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