Marathon Oil (NYSE:MRO) PT Raised to $13.00

Marathon Oil (NYSE:MRO) had its price objective raised by Barclays from $9.00 to $13.00 in a research note issued on Tuesday, The Fly reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price objective would suggest a potential upside of 17.22% from the stock’s current price.

A number of other research firms have also issued reports on MRO. Raymond James restated a “buy” rating on shares of Marathon Oil in a report on Wednesday, February 24th. Truist upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, January 14th. Mizuho upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and upped their target price for the company from $6.00 to $11.00 in a report on Tuesday, January 12th. Smith Barney Citigroup increased their price objective on shares of Marathon Oil from $6.00 to $9.00 in a report on Wednesday, January 13th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of Marathon Oil from $9.00 to $12.00 in a report on Tuesday, March 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.67.

Shares of NYSE MRO opened at $11.09 on Tuesday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of -7.70 and a beta of 3.36. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $11.42 and its 200 day moving average price is $7.62. Marathon Oil has a 52 week low of $3.73 and a 52 week high of $13.29.

Marathon Oil (NYSE:MRO) last released its earnings results on Sunday, February 21st. The oil and gas producer reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.08. The company had revenue of $830.00 million for the quarter, compared to analyst estimates of $846.86 million. Marathon Oil had a negative net margin of 32.64% and a negative return on equity of 6.64%. The firm’s quarterly revenue was down 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. As a group, research analysts expect that Marathon Oil will post -1.26 earnings per share for the current year.

In other Marathon Oil news, VP Michael A. Henderson sold 20,938 shares of the stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $12.55, for a total value of $262,771.90. Following the completion of the sale, the vice president now owns 223,349 shares of the company’s stock, valued at $2,803,029.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lee M. Tillman sold 67,500 shares of the stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $11.08, for a total transaction of $747,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,270,512 shares of the company’s stock, valued at approximately $14,077,272.96. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System grew its position in Marathon Oil by 22.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 49,000 shares of the oil and gas producer’s stock valued at $327,000 after acquiring an additional 8,900 shares in the last quarter. Rhumbline Advisers grew its position in shares of Marathon Oil by 1.3% during the fourth quarter. Rhumbline Advisers now owns 1,411,128 shares of the oil and gas producer’s stock worth $9,412,000 after buying an additional 17,893 shares in the last quarter. TruWealth Advisors LLC acquired a new stake in shares of Marathon Oil during the fourth quarter worth approximately $74,000. FormulaFolio Investments LLC acquired a new stake in shares of Marathon Oil during the fourth quarter worth approximately $95,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Marathon Oil during the first quarter worth approximately $1,310,000. 67.11% of the stock is owned by institutional investors.

Marathon Oil Company Profile

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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