Stocks of Marathon Oil Corporation (NYSE:MRO) traded higher last session on Wall Street, up 2.63% to $27.36.
MRO stock price is now -1.25% away from the 50-day moving average and 4.10% away from the 200-day moving average. The market capitalization of the company currently stands at $15.30B.
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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, Henderson Michael A, Executive VP, Operations sold 38,000 shares of the company’s stock on Sep 06 ’24. The stock was sold for $1,033,900 at an average price of $27.21. Upon completion of the transaction, the Executive VP, Operations now directly owns 76,828 shares in the company, valued at $2.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, Officer Henderson Michael A bought 38,000 shares of the business’s stock. A total of $1,033,907 was incurred on buying the stock at an average price of $27.21. A total of 0.35% 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 0.47, a current ratio of 0.57, and a quick ratio of 0.52. According to the stock market information, the enterprise value for the company is $20515731456, which is based on a 10.69 price-to-earnings ratio, a 0.85 price-to-earnings-growth ratio, and a beta of 2.18. The fifty day moving average price for MRO is $27.6898 and a two-hundred day moving average price translates $26.29265 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for 2024-06-30. The net profit margin was 22.80% and return on equity was 13.33% for MRO. The company reported revenue of $1.67 billion for the quarter, compared to $1.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.26 percent.
