The stock of Marathon Oil Corporation (NYSE:MRO) last traded at $29.28, down -0.71% from the previous session.
MRO stock price is now 16.81% away from the 50-day moving average and 15.82% away from the 200-day moving average. The market capitalization of the company currently stands at $16.90B.
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, WAGNER PATRICK, insider sold 36,094 shares of the company’s stock on Mar 27 ’24. The stock was sold for $997,887 at an average price of $27.65. Upon completion of the transaction, the insider now directly owns 140,829 shares in the company, valued at $4.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, Executive VP, Operations Henderson Michael A sold 51,389 shares of the business’s stock. A total of $1,418,051 was realized by selling the stock at an average price of $27.59. This leaves the insider owning 114,828 shares of the company worth $3.36 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Marathon Oil Corporation has had a low of $21.63 and a high of $29.81. 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 $25.07 and a two-hundred day moving average price translates $25.28 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 $1.57B in revenue.
