In yesterday’s Wall Street session, Marathon Oil Corporation (NYSE:MRO) shares traded at $28.45, down -0.56% from the previous session.
MRO stock price is now 3.50% away from the 50-day moving average and 9.37% away from the 200-day moving average. The market capitalization of the company currently stands at $16.05B.
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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 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 $4.01 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 $3.27 million. A total of 0.38% 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 0.49, a current ratio of 0.55, and a quick ratio of 0.48. According to the stock market information, the enterprise value for the company is $21416810496, which is based on a 11.80 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 2.19. The fifty day moving average price for MRO is $27.5194 and a two-hundred day moving average price translates $26.02145 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for 2024-03-31. 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.
