In yesterday’s Wall Street session, Marathon Oil Corporation (NYSE:MRO) shares traded at $26.34, up 0.96% from the previous session.
MRO stock price is now -2.06% away from the 50-day moving average and 2.51% away from the 200-day moving average. The market capitalization of the company currently stands at $14.86B.
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With the price target of $35, Barclays recently initiated with Overweight rating for Marathon Oil Corporation (NYSE: MRO). On March 14, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $31, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
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 $3.71 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 $3.02 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 $21.63 and a high of $30.06. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 0.55, and a quick ratio of 0.48.
According to the Oil & Gas E&P Company, earnings per share came in at 0.48, beating analysts’ expectations of 0.46 by 0.02. This compares to $0.66 EPS in the same period last year. The net profit margin was 22.48% and return on equity was 12.73% for MRO. The company reported revenue of $1.54 billion for the quarter, compared to $1.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.85 percent. For the current quarter, analysts expect MRO to generate $1.7B in revenue.
