Fri Sep 20 06:43:21 UTC 2024: ## Marathon Oil (MRO) Receives “Buy” Rating from StockNews.com, Mixed Analyst Opinions

**New York, NY – September 20, 2024** – Marathon Oil (NYSE: MRO), a leading independent exploration and production company, has been the subject of recent analysis from several financial firms. On Friday, StockNews.com initiated coverage on MRO, issuing a “buy” rating for the oil and gas producer. However, other analysts have offered mixed opinions, with some expressing cautious optimism and others suggesting a “neutral” stance.

Citigroup lowered its price target for MRO from $29.00 to $28.00 and assigned a “neutral” rating on September 5th. Mizuho followed suit, decreasing its target price to $32.00 from $34.00 and maintaining a “neutral” rating on September 9th. Conversely, Piper Sandler raised its price objective to $37.00 from $34.00 and assigned an “overweight” rating on August 15th. UBS Group also adjusted its target price, reducing it from $30.00 to $28.00 while maintaining a “neutral” rating on September 4th. Finally, Susquehanna lowered its target price from $39.00 to $37.00 but maintained a “positive” rating.

Overall, the stock currently holds an average rating of “Moderate Buy” with an average price target of $31.65 according to MarketBeat.

Marathon Oil reported its quarterly earnings on August 7th, posting $0.63 earnings per share, missing the consensus estimate by $0.06. Revenue for the quarter reached $1.71 billion, surpassing analyst expectations of $1.69 billion. The company’s revenue showed a 12.8% increase compared to the same quarter last year. Analysts project Marathon Oil to post 2.7 EPS for the current year.

Insider trading activity has also been observed, with VP Michael A. Henderson selling 38,000 shares of the stock on September 6th for a total of $1,033,980.00. Institutional investors currently hold 77.24% of the company’s stock.

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