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News For MRO From the Last 2 Days
MRO
Mar 28, 2024 | 17:28 EDT
In a regulatory filing, Marathon Oil executive VP Patrick Wagner disclosed the sale of 34,094 common shares of the company on March 27 at a price of $27.6469 per share.
MRO
Mar 28, 2024 | 09:26 EDT
Morgan Stanley raised the firm's price target on Marathon Oil to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.