Marathon Oil (NYSE:MRO) Price Target Cut to $34.00 by Analysts at Barclays

Marathon Oil (NYSE:MRO) had its target price decreased by stock analysts at Barclays from $35.00 to $34.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s target price points to a potential upside of 17.28% from the company’s current price.

MRO has been the subject of a number of other research reports. Capital One Financial cut Marathon Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. UBS Group decreased their price target on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Wells Fargo & Company decreased their price target on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, Truist Financial decreased their price target on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, September 30th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.09.

Marathon Oil Price Performance

Shares of Marathon Oil stock opened at $28.99 on Thursday. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 11.98 and a beta of 2.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57. The stock has a 50 day moving average price of $27.46 and a 200-day moving average price of $27.70. Marathon Oil has a one year low of $21.81 and a one year high of $30.06.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. Marathon Oil’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Equities analysts expect that Marathon Oil will post 2.53 EPS for the current year.

Insider Buying and Selling at Marathon Oil

In other news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil 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 transaction, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil 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 transaction, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction on Wednesday, September 18th. The shares were 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 owns 100,000 shares in the company, valued at $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Marathon Oil by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after buying an additional 6,835,604 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Marathon Oil by 24.3% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock worth $468,428,000 after buying an additional 3,795,020 shares during the last quarter. Pacer Advisors Inc. grew its stake in Marathon Oil by 13.1% during the 2nd quarter. Pacer Advisors Inc. now owns 13,369,821 shares of the oil and gas producer’s stock worth $383,313,000 after buying an additional 1,552,210 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Marathon Oil by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer’s stock worth $242,582,000 after buying an additional 328,184 shares during the last quarter. Finally, LSV Asset Management grew its stake in Marathon Oil by 10.1% during the 2nd quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer’s stock worth $184,741,000 after buying an additional 593,100 shares during the last quarter. 77.24% of the stock is currently owned by hedge funds and other institutional investors.

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.