Marathon Oil (NYSE:MRO) PT Raised to $36.00 at Truist Financial

Marathon Oil (NYSE:MRO - Get Free Report) had its price target boosted by analysts at Truist Financial from $35.00 to $36.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the oil and gas producer's stock. Truist Financial's target price would indicate a potential upside of 21.25% from the stock's current price.

Several other research firms have also recently issued reports on MRO. Morgan Stanley boosted their target price on Marathon Oil from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 28th. Raymond James dropped their target price on Marathon Oil from $35.00 to $32.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $33.00 target price on shares of Marathon Oil in a research report on Tuesday, March 5th. Benchmark boosted their target price on Marathon Oil from $25.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Finally, 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 report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.74.

Marathon Oil Trading Up 0.7 %

Shares of NYSE MRO traded up $0.21 during trading on Friday, reaching $29.69. The stock had a trading volume of 11,044,443 shares, compared to its average volume of 9,976,835. The company has a market cap of $16.97 billion, a P/E ratio of 11.60 and a beta of 2.22. The business's 50-day moving average price is $25.05 and its 200-day moving average price is $25.20. Marathon Oil has a fifty-two week low of $21.63 and a fifty-two week high of $29.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.35 and a current ratio of 0.40.

Marathon Oil (NYSE:MRO - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.66 billion. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, equities research analysts predict that Marathon Oil will post 2.51 EPS for the current fiscal year.

Insider Activity at Marathon Oil

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 completion of the sale, the insider now directly owns 140,829 shares in the company, valued at approximately $3,893,921.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Marathon Oil news, VP Michael A. Henderson sold 51,389 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $3,168,104.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Patrick Wagner sold 36,094 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total transaction of $997,999.10. Following the completion of the transaction, the insider now directly owns 140,829 shares of the company's stock, valued at $3,893,921.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,332 shares of company stock valued at $7,644,903. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marathon Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRO. ICA Group Wealth Management LLC boosted its position in Marathon Oil by 92.6% in the 1st 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 last quarter. Smithfield Trust Co boosted its position in Marathon Oil by 367.9% in the 3rd 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 last quarter. NBC Securities Inc. purchased a new position in Marathon Oil in the 3rd quarter valued at about $27,000. Indiana Trust & Investment Management CO purchased a new position in Marathon Oil in the 3rd quarter valued at about $29,000. Finally, Fortis Group Advisors LLC boosted its position in Marathon Oil by 100.0% in the 4th 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 last quarter. 77.24% of the stock is owned by hedge funds and other institutional investors.

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.