Mizuho Securities Believes Marathon Oil (MRO) Still Has Room to Grow

In a report issued on May 4, Vincent Lovaglio from Mizuho Securities maintained a Buy rating on Marathon Oil (MROResearch Report), with a price target of $35.00. The company’s shares closed last Thursday at $27.68, close to its 52-week high of $27.97.

According to, Lovaglio is a top 25 analyst with an average return of 58.4% and a 91.2% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marathon Oil with a $33.13 average price target, representing a 19.2% upside. In a report issued on April 21, Truist Financial also maintained a Buy rating on the stock with a $41.00 price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $27.97 and a one-year low of $10.41. Currently, Marathon Oil has an average volume of 21.73M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRO in relation to earlier this year. Last month, Patrick Wagner, the EVP, Corporate Development and Strategy of MRO sold 65,218 shares for a total of $1,671,537.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.

Read More on MRO:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More