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

Marathon Oil (NYSE:MRO) had its price target decreased by Truist Financial from $35.00 to $27.00 in a research note published on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the oil and gas producer’s stock.

A number of other equities analysts have also recently issued reports on MRO. Capital One Financial cut Marathon Oil from a strong-buy rating to a hold rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. cut their target price on Marathon Oil from $33.00 to $30.00 and set a neutral rating on the stock in a report on Thursday, September 12th. Citigroup cut their target price on Marathon Oil from $29.00 to $28.00 and set a neutral rating on the stock in a report on Thursday, September 5th. Susquehanna cut their target price on Marathon Oil from $39.00 to $37.00 and set a positive rating on the stock in a report on Wednesday, September 4th. Finally, StockNews.com initiated coverage on Marathon Oil in a report on Saturday, September 28th. They issued a buy rating on the stock. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $31.09.

Marathon Oil Stock Performance

Shares of MRO stock opened at $28.54 on Monday. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 11.79 and a beta of 2.16. Marathon Oil has a 52 week low of $21.81 and a 52 week high of $30.06. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $27.44 and a 200-day moving average of $27.69.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data 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 quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. On average, equities analysts forecast that Marathon Oil will post 2.53 earnings per share for the current year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, August 21st. Marathon Oil’s dividend payout ratio is presently 18.18%.

Insider Activity

In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated 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 completion of 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 legal filing with the SEC, which is available at this hyperlink. In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated 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 completion of 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Institutional Trading of Marathon Oil

A number of hedge funds have recently bought and sold shares of the company. Czech National Bank lifted its position in Marathon Oil by 6.0% in the third quarter. Czech National Bank now owns 113,952 shares of the oil and gas producer’s stock valued at $3,035,000 after purchasing an additional 6,469 shares during the last quarter. Mattson Financial Services LLC bought a new stake in Marathon Oil in the second quarter valued at approximately $76,000. Heritage Wealth Management Inc. bought a new stake in Marathon Oil in the second quarter valued at approximately $1,588,000. Sanctuary Advisors LLC bought a new stake in Marathon Oil in the second quarter valued at approximately $1,413,000. Finally, Cetera Investment Advisers lifted its position in Marathon Oil by 15.7% in the second quarter. Cetera Investment Advisers now owns 144,674 shares of the oil and gas producer’s stock valued at $4,148,000 after purchasing an additional 19,592 shares during the last quarter. Institutional investors own 77.24% of the company’s stock.

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.