Marathon Oil (NYSE:MRO) PT Lowered to $27.00 at Truist Financial

Marathon Oil (NYSE:MRO) had its price objective trimmed by Truist Financial from $35.00 to $27.00 in a report released on Monday, Benzinga reports. The firm currently has a buy rating on the oil and gas producer’s stock.

Other research analysts have also issued reports about the stock. StockNews.com assumed coverage on shares of Marathon Oil in a research report on Saturday, September 28th. They set a buy rating for the company. Susquehanna reduced their target price on Marathon Oil from $39.00 to $37.00 and set a positive rating for the company in a research report on Wednesday, September 4th. Scotiabank lowered their price target on Marathon Oil from $29.00 to $27.61 and set a sector perform rating on the stock in a report on Monday, August 12th. Piper Sandler lifted their price target on Marathon Oil from $34.00 to $37.00 and gave the company an overweight rating in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Marathon Oil from $33.00 to $30.00 and set a neutral rating on the stock in a research report on Thursday, September 12th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Marathon Oil presently has a consensus rating of Moderate Buy and an average price target of $31.15.

Marathon Oil Stock Performance

Shares of MRO opened at $27.97 on Monday. Marathon Oil has a 1 year low of $21.81 and a 1 year high of $30.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The stock’s fifty day moving average price is $27.43 and its two-hundred day moving average price is $27.68. The firm has a market cap of $15.78 billion, a PE ratio of 11.56 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Marathon Oil will post 2.57 EPS for the current year.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.57%. Marathon Oil’s dividend payout ratio (DPR) is currently 18.18%.

Insiders Place Their Bets

In other news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the transaction, the vice president now directly owns 76,828 shares in the company, valued at $2,090,489.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its stake in Marathon Oil by 4.8% during the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 415 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Marathon Oil by 4.2% in the fourth quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after acquiring an additional 419 shares during the period. Gradient Investments LLC increased its position in Marathon Oil by 1.9% during the second quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock valued at $655,000 after acquiring an additional 428 shares during the last quarter. Trueblood Wealth Management LLC lifted its holdings in Marathon Oil by 4.8% in the first quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock valued at $271,000 after acquiring an additional 439 shares during the period. Finally, Argent Capital Management LLC boosted its position in Marathon Oil by 0.5% in the first quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock worth $2,482,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 77.24% of the company’s stock.

About Marathon Oil

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.