Marathon Oil
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
75% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 278 | Existing positions reduced: 259
0% less funds holding
Funds holding: 807 [Q1] → 804 (-3) [Q2]
3% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 107
7% less call options, than puts
Call options by funds: $197M | Put options by funds: $212M
5.14% less ownership
Funds ownership: 79.99% [Q1] → 74.85% (-5.14%) [Q2]
7% less capital invested
Capital invested by funds: $13.1B [Q1] → $12.1B (-$974M) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Scotiabank Paul Cheng 15% 1-year accuracy 5 / 33 met price target | 5%upside $28 | Sector Perform Maintained | 10 Oct 2024 |
Barclays Betty Jiang 43% 1-year accuracy 9 / 21 met price target | 27%upside $34 | Overweight Maintained | 3 Oct 2024 |
Wells Fargo Roger Read 40% 1-year accuracy 36 / 89 met price target | 1%upside $27 | Equal-Weight Maintained | 1 Oct 2024 |
Truist Securities Neal Dingmann 52% 1-year accuracy 57 / 110 met price target | 1%upside $27 | Buy Maintained | 30 Sept 2024 |
UBS Josh Silverstein 50% 1-year accuracy 16 / 32 met price target | 5%upside $28 | Neutral Maintained | 18 Sept 2024 |
Financial journalist opinion
Based on 7 articles about MRO published over the past 30 days
