Marathon Oil (NYSE:MRO) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Marathon Oil (NYSE:MRO) in a report released on Tuesday. The firm issued a buy rating on the oil and gas producer’s stock.

Several other equities analysts also recently issued reports on MRO. Barclays reduced their price objective on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Truist Financial reduced their price objective on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Susquehanna reduced their price objective on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Piper Sandler boosted their price objective on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Mizuho reduced their price objective on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Nine research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.12.

Marathon Oil Trading Up 0.2 %

Shares of MRO opened at $26.61 on Tuesday. 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 12 month low of $21.81 and a 12 month high of $30.06. The stock’s 50-day moving average is $27.51 and its two-hundred day moving average is $27.64. The stock has a market cap of $14.89 billion, a PE ratio of 10.35 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results 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 business had revenue of $1.71 billion during 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 company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Equities analysts forecast that Marathon Oil will post 2.52 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Wednesday, August 21st. Marathon Oil’s payout ratio is 17.12%.

Insider Activity

In related news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Michael A. Henderson sold 38,000 shares of the company’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 transaction of $1,033,980.00. Following the sale, the vice president now owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Marathon Oil

A number of institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Marathon Oil by 19.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer’s stock valued at $20,285,000 after purchasing an additional 117,061 shares during the last quarter. Comerica Bank raised its stake in Marathon Oil by 15.0% during the 1st quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock worth $4,882,000 after acquiring an additional 22,526 shares during the period. Signet Financial Management LLC raised its stake in Marathon Oil by 51.6% during the 1st quarter. Signet Financial Management LLC now owns 77,646 shares of the oil and gas producer’s stock worth $2,200,000 after acquiring an additional 26,442 shares during the period. Point72 DIFC Ltd bought a new stake in Marathon Oil during the 2nd quarter worth approximately $6,673,000. Finally, Vanguard Group Inc. raised its stake in Marathon Oil by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after acquiring an additional 6,835,604 shares during the period. 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.