Stocks of Marathon Oil Corporation (NYSE:MRO) traded higher last session on Wall Street, up 0.30% to $26.59.
MRO stock price is now 13.03% away from the 50-day moving average and 6.73% away from the 200-day moving average. The market capitalization of the company currently stands at $15.35B.
With the price target maintained at $31, Argus recently Upgraded its rating from Hold to Buy for Marathon Oil Corporation (NYSE: MRO). On December 11, 2023, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $27 to quote $25, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Whitehead Dane E, Executive VP and CFO sold 53,403 shares of the company’s stock on Sep 29 ’23. The stock was sold for $1,444,639 at an average price of $27.05. Upon completion of the transaction, the Executive VP and CFO now directly owns 156,481 shares in the company, valued at $4.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 28 ’23, Executive VP, Operations Henderson Michael A sold 37,000 shares of the business’s stock. A total of $1,010,174 was realized by selling the stock at an average price of $27.30. This leaves the insider owning 94,254 shares of the company worth $2.51 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Marathon Oil Corporation has had a low of $20.57 and a high of $29.56. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 0.40, and a quick ratio of 0.35. The fifty day moving average price for MRO is $23.57 and a two-hundred day moving average price translates $24.93 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.69, beating analysts’ expectations of $0.63 by 0.06. This compares to $0.89 EPS in the same period last year. The net profit margin was 24.25% and return on equity was 13.75% for MRO. The company reported revenue of $1.58 billion for the quarter, compared to $1.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.12 percent. For the current quarter, analysts expect MRO to generate $1.54B in revenue.
