MRO stock icon

Marathon Oil
MRO

$27.84
1.56%

Market Cap: 15.6B

 

About: Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2023, the company reported net proved reserves of 1.1 billion barrels of oil equivalent. Net production averaged 405 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 70% oil and NGLs and 30% natural gas.

Employees: 1,681

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 27 analysts
0
News positive %
of 16 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

18% more capital invested

Capital invested by funds: $10.8B [Q4 2023] → $12.7B (+$1.96B) [Q1 2024]

1.7% more ownership

Funds ownership: 76.05% [Q4 2023] → 77.76% (+1.7%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

3% less funds holding

Funds holding: 822 [Q4 2023] → 794 (-28) [Q1 2024]

14% less repeat investments, than reductions

Existing positions increased: 263 | Existing positions reduced: 307

17% less call options, than puts

Call options by funds: $245M | Put options by funds: $294M

22% less first-time investments, than exits

New positions opened: 100 | Existing positions closed: 128

Research analyst outlook

27 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$26
7%
downside
Avg. target
$33
18%
upside
High target
$45
62%
upside

27 analyst ratings

17 positive
63%
10 neutral
37%
negative
0%
Susquehanna
Biju Perincheril
40%upside
$39
Positive
Maintained
22 Jul 2024
JP Morgan
Arun Jayaram
19%upside
$33
Neutral
Downgraded
17 Jul 2024
Scotiabank
Paul Cheng
4%upside
$29
Sector Perform
Downgraded
12 Jul 2024
Mizuho
Nitin Kumar
22%upside
$34
Neutral
Maintained
5 Jun 2024
Wells Fargo
Roger Read
4%upside
$29
Equal-Weight
Downgraded
31 May 2024

Financial journalist opinion

Based on 16 articles about MRO published over the past 30 days