Marathon Oil (NYSE:MRO) PT Raised to $28.00

Marathon Oil (NYSE:MRO) had its price objective lifted by stock analysts at Scotiabank from $27.61 to $28.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the oil and gas producer’s stock. Scotiabank’s target price indicates a potential downside of 0.21% from the stock’s current price.

A number of other research firms have also recently issued reports on MRO. Wells Fargo & Company cut their price objective on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. UBS Group decreased their price objective on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Barclays cut their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Mizuho decreased their price target on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, Susquehanna dropped their price objective on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.12.

Marathon Oil Trading Down 1.0 %

NYSE MRO opened at $28.06 on Thursday. The stock has a market capitalization of $15.70 billion, a P/E ratio of 10.92 and a beta of 2.16. The business has a 50 day simple moving average of $27.52 and a 200 day simple moving average of $27.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. Marathon Oil has a one year low of $21.81 and a one year high of $30.06.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 22.12% and a return on equity of 13.81%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. Research analysts expect that Marathon Oil will post 2.53 earnings per share for the current year.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total value of $1,430,220.00. Following the sale, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $27.21, for a total value of $1,033,980.00. Following the sale, the vice president now directly owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction that occurred on 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 sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Institutional Trading of Marathon Oil

Several institutional investors and hedge funds have recently made changes to their positions in MRO. Exchange Traded Concepts LLC increased its stake in Marathon Oil by 564.1% in the third quarter. Exchange Traded Concepts LLC now owns 3,832 shares of the oil and gas producer’s stock valued at $102,000 after acquiring an additional 3,255 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Marathon Oil by 16.0% in the 3rd quarter. Inspire Investing LLC now owns 10,709 shares of the oil and gas producer’s stock worth $285,000 after purchasing an additional 1,477 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Marathon Oil by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,500 shares of the oil and gas producer’s stock worth $120,000 after purchasing an additional 3,600 shares in the last quarter. SS&H Financial Advisors Inc. raised its holdings in shares of Marathon Oil by 1.6% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 31,158 shares of the oil and gas producer’s stock valued at $830,000 after buying an additional 500 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Marathon Oil by 12.0% during the 3rd quarter. Wedmont Private Capital now owns 33,731 shares of the oil and gas producer’s stock valued at $981,000 after buying an additional 3,601 shares in the last quarter. Hedge funds and other 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.