Marathon Oil (NYSE:MRO) Receives New Coverage from Analysts at Barclays

Stock analysts at Barclays assumed coverage on shares of Marathon Oil (NYSE:MRO - Get Free Report) in a report released on Wednesday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $35.00 price target on the oil and gas producer's stock. Barclays's price objective would indicate a potential upside of 17.94% from the company's current price.

MRO has been the topic of several other reports. Mizuho boosted their target price on Marathon Oil from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Friday, March 22nd. Truist Financial boosted their target price on Marathon Oil from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Morgan Stanley boosted their target price on Marathon Oil from $24.00 to $26.00 and gave the company an "equal weight" rating in a research note on Thursday, March 28th. Raymond James reduced their target price on Marathon Oil from $35.00 to $32.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. Finally, UBS Group reduced 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. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.92.

Marathon Oil Trading Up 1.3 %

MRO stock traded up $0.39 during midday trading on Wednesday, hitting $29.68. The company had a trading volume of 9,051,734 shares, compared to its average volume of 9,938,251. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30. Marathon Oil has a 52 week low of $21.63 and a 52 week high of $29.81. The stock's 50 day moving average price is $25.42 and its 200 day moving average price is $25.26. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 11.59 and a beta of 2.22.

Marathon Oil (NYSE:MRO - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business's revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts expect that Marathon Oil will post 2.6 earnings per share for the current fiscal year.

Insider Transactions at Marathon Oil

In other 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 sale, the insider now directly 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 this hyperlink. In other news, CFO Dane E. Whitehead sold 73,233 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.06, for a total transaction of $1,981,684.98. Following the transaction, the chief financial officer now directly owns 152,008 shares of the company's stock, valued at $4,113,336.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 directly owns 140,829 shares in the company, valued at $3,893,921.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,332 shares of company stock valued at $7,644,903. Insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Oak Thistle LLC bought a new position in shares of Marathon Oil during the fourth quarter valued at $1,440,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Marathon Oil by 57.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 607,336 shares of the oil and gas producer's stock valued at $16,246,000 after acquiring an additional 221,388 shares during the period. LSV Asset Management lifted its holdings in Marathon Oil by 3.3% in the third quarter. LSV Asset Management now owns 4,692,600 shares of the oil and gas producer's stock valued at $125,527,000 after acquiring an additional 150,440 shares during the period. Pathstone Family Office LLC lifted its holdings in Marathon Oil by 222.3% in the third quarter. Pathstone Family Office LLC now owns 67,851 shares of the oil and gas producer's stock valued at $1,815,000 after acquiring an additional 46,796 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its holdings in Marathon Oil by 9.3% in the third quarter. Brandywine Global Investment Management LLC now owns 849,254 shares of the oil and gas producer's stock valued at $22,718,000 after acquiring an additional 71,988 shares during the period. 77.24% of the stock is owned by 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.