Benchmark Co. Remains a Buy on Marathon Oil (MRO)

In a report released today, Subash Chandra from Benchmark Co. maintained a Buy rating on Marathon Oil (MRO – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $27.65.

According to TipRanks, Chandra is a 5-star analyst with an average return of 13.4% and a 51.97% success rate. Chandra covers the Energy sector, focusing on stocks such as Antero Resources, Talos Energy, and APA.

Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $32.70, implying a 18.26% upside from current levels. In a report released on April 19, Piper Sandler also assigned a Buy rating to the stock with a $34.00 price target.

The company has a one-year high of $30.06 and a one-year low of $21.26. Currently, Marathon Oil has an average volume of 9.94M.

Based on the recent corporate insider activity of 36 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, Michael A Henderson, the EVP Operations of MRO sold 51,389.00 shares for a total of $1,417,822.51.

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 (MRO) Company Description:

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.