Marathon Oil (NYSE:MRO) PT Raised to $34.00

Marathon Oil (NYSE:MRO) had its target price hoisted by stock analysts at Piper Sandler from $32.00 to $34.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas producer’s stock. Piper Sandler’s target price suggests a potential upside of 23.68% from the stock’s previous close.

MRO has been the topic of a number of other research reports. The Goldman Sachs Group boosted their target price on Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. UBS Group cut their target price on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Royal Bank of Canada restated an “outperform” rating and issued a $33.00 target price on shares of Marathon Oil in a research note on Tuesday, March 5th. Barclays started coverage on Marathon Oil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, Mizuho boosted their target price on Marathon Oil from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.76.

Marathon Oil Stock Up 0.3 %

MRO traded up $0.09 during midday trading on Friday, reaching $27.49. 4,432,127 shares of the company were exchanged, compared to its average volume of 9,850,345. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.35 and a current ratio of 0.40. The company’s fifty day moving average price is $26.13 and its 200 day moving average price is $25.34. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 10.77 and a beta of 2.22. Marathon Oil has a one year low of $21.63 and a one year high of $30.06.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $0.88 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts expect that Marathon Oil will post 2.73 EPS for the current year.

Insider Transactions at Marathon Oil

In other news, insider Patrick Wagner sold 36,094 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total value of $997,999.10. Following the transaction, the insider now owns 140,829 shares of the company’s stock, valued at $3,893,921.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Patrick Wagner sold 36,094 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total value of $997,999.10. Following the transaction, the insider now owns 140,829 shares of the company’s stock, valued at $3,893,921.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael A. Henderson sold 51,389 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $27.59, for a total value of $1,417,822.51. Following the completion of the transaction, the vice president now directly owns 114,828 shares in the company, valued at approximately $3,168,104.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 281,332 shares of company stock valued at $7,644,903. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC boosted its position in Marathon Oil by 92.6% during the first quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 522 shares during the period. Smithfield Trust Co boosted its position in Marathon Oil by 367.9% during the third quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 802 shares during the period. NBC Securities Inc. purchased a new stake in Marathon Oil during the third quarter valued at about $27,000. Riverview Trust Co purchased a new stake in Marathon Oil during the first quarter valued at about $27,000. Finally, Fortis Group Advisors LLC boosted its position in Marathon Oil by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 618 shares during the period. 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.