Marathon OilMRO
Market Cap: $14.9B
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: 277 | Existing positions reduced: 259
7% less call options, than puts
Call options by funds: $192M | Put options by funds: $205M
1% less funds holding
Funds holding: 807 [Q1] → 796 (-11) [Q2]
5.16% less ownership
Funds ownership: 79.99% [Q1] → 74.83% (-5.16%) [Q2]
7% less capital invested
Capital invested by funds: $13.1B [Q1] → $12.1B (-$978M) [Q2]
10% less first-time investments, than exits
New positions opened: 99 | Existing positions closed: 110
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Scott Gruber 26% 1-year accuracy 8 / 31 met price target | 5%upside $28 | Neutral Maintained | 5 Sept 2024 |
Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target | 38%upside $37 | Positive Maintained | 4 Sept 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 38%upside $37 | Overweight Maintained | 15 Aug 2024 |
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 12%upside $30 | Neutral Maintained | 13 Aug 2024 |
Scotiabank Paul Cheng 24% 1-year accuracy 9 / 37 met price target | 3%upside $28 | Sector Perform Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 6 articles about MRO published over the past 30 days