StockNews.com Lowers Marathon Oil (NYSE:MRO) to Hold

Marathon Oil (NYSE:MROGet Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also recently weighed in on MRO. Raymond James upped their price objective on shares of Marathon Oil from $31.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 25th. Susquehanna raised shares of Marathon Oil from a “neutral” rating to a “positive” rating and set a $32.00 price objective on the stock in a research note on Monday, April 25th. Bank of America decreased their price objective on shares of Marathon Oil from $28.00 to $25.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 19th. Truist Financial upped their price objective on shares of Marathon Oil from $34.00 to $41.00 in a research note on Thursday, April 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Marathon Oil from $29.00 to $25.00 and set a “sell” rating on the stock in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.88.

Marathon Oil Stock Performance

NYSE MRO opened at $21.77 on Thursday. The stock has a market cap of $15.41 billion, a P/E ratio of 5.16, a PEG ratio of 0.33 and a beta of 2.53. The company’s 50-day simple moving average is $24.71 and its 200 day simple moving average is $24.26. Marathon Oil has a twelve month low of $10.41 and a twelve month high of $33.24. The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 0.34.

Marathon Oil (NYSE:MROGet Rating) last posted its earnings results on Wednesday, May 4th. The oil and gas producer reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Marathon Oil had a net margin of 42.46% and a return on equity of 23.61%. The firm’s revenue for the quarter was up 63.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. As a group, research analysts forecast that Marathon Oil will post 4.77 earnings per share for the current fiscal year.

Insider Activity at Marathon Oil

In related news, CFO Dane E. Whitehead sold 30,291 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $28.03, for a total value of $849,056.73. Following the transaction, the chief financial officer now directly owns 290,934 shares in the company, valued at $8,154,880.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marathon Oil news, CFO Dane E. Whitehead sold 79,711 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $28.18, for a total value of $2,246,255.98. Following the sale, the chief financial officer now directly owns 321,225 shares in the company, valued at $9,052,120.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dane E. Whitehead sold 30,291 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $28.03, for a total transaction of $849,056.73. Following the completion of the sale, the chief financial officer now owns 290,934 shares in the company, valued at $8,154,880.02. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marathon Oil

Several hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors raised its holdings in Marathon Oil by 1.2% in the first quarter. Arkadios Wealth Advisors now owns 35,200 shares of the oil and gas producer’s stock worth $884,000 after purchasing an additional 422 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in Marathon Oil by 4.6% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,502 shares of the oil and gas producer’s stock worth $236,000 after purchasing an additional 458 shares during the period. Citizens Financial Group Inc RI raised its holdings in shares of Marathon Oil by 2.3% during the second quarter. Citizens Financial Group Inc RI now owns 20,677 shares of the oil and gas producer’s stock worth $465,000 after acquiring an additional 461 shares during the period. PFG Advisors lifted its position in Marathon Oil by 4.0% in the 1st quarter. PFG Advisors now owns 12,214 shares of the oil and gas producer’s stock valued at $307,000 after acquiring an additional 466 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in Marathon Oil by 5.5% in the 2nd quarter. Sawtooth Solutions LLC now owns 9,332 shares of the oil and gas producer’s stock worth $210,000 after purchasing an additional 484 shares during the period. 79.19% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Company Profile

(Get Rating)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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