In a report issued on May 4, Vincent Lovaglio from Mizuho Securities maintained a Buy rating on Marathon Oil (MRO – Research 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 TipRanks.com, 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.
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.
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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.
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