In yesterday’s Wall Street session, Marathon Oil Corporation (NYSE:MRO) shares traded at $28.55, down -1.28% from the previous session.
MRO stock price is now 3.54% away from the 50-day moving average and 4.88% away from the 200-day moving average. The market capitalization of the company currently stands at $15.97B.
With the price target reduced from $45 to $29, Scotiabank Downgraded its rating from Sector Outperform to Sector Perform for Marathon Oil Corporation (NYSE: MRO). On April 10, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $35, while ‘Argus’ rates the stock as ‘Buy’
In other news, WAGNER PATRICK, insider sold 36,094 shares of the company’s stock on Nov 19 ’24. The stock was sold for $1,041,095 at an average price of $28.84. Upon completion of the transaction, the insider now directly owns 104,735 shares in the company, valued at $2.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Chairman, President and CEO TILLMAN LEE M sold 256,591 shares of the business’s stock. A total of $7,459,511 was realized by selling the stock at an average price of $29.07. This leaves the insider owning 596,330 shares of the company worth $17.03 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Marathon Oil Corporation has had a low of $21.81 and a high of $30.06. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 0.69, and a quick ratio of 0.61. According to the stock market information, the enterprise value for the company is $20790147072, which is based on a 12.31 price-to-earnings ratio, a 12.31 price-to-earnings-growth ratio, and a beta of 2.16. The fifty day moving average price for MRO is $27.5212 and a two-hundred day moving average price translates $27.19195 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for 2024-09-30. The net profit margin was 20.37% and return on equity was 11.74% for MRO. The company reported revenue of $1.74 billion for the quarter, compared to $1.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.69 percent.
