Marathon Oil Corporation’s filing revealed that its insider WAGNER PATRICK unloaded Company’s shares for reported $1.0 million on Mar 27 ’24. In the deal valued at $27.65 per share,36,094 shares were sold. As a result of this transaction, WAGNER PATRICK now holds 140,829 shares worth roughly $4.1 million.
Then, Henderson Michael A sold 51,389 shares, generating $1,418,051 in total proceeds. Upon selling the shares at $27.59, the Executive VP, Operations now owns 114,828 shares.
Before that, Whitehead Dane E sold 73,233 shares. Marathon Oil Corporation shares valued at $1,981,619 were divested by the Executive VP and CFO at a price of $27.06 per share. As a result of the transaction, Whitehead Dane E now holds 152,008 shares, worth roughly $4.42 million.
Barclays initiated its Marathon Oil Corporation [MRO] rating to an Overweight in a research note published on April 10, 2024; the price target was $35. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. Morgan Stanley also remained covering MRO and has decreased its forecast on December 11, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Goldman revised its rating on July 12, 2023. It rated MRO as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MRO
On Friday, Marathon Oil Corporation [NYSE:MRO] saw its stock fall -1.26% to $29.09. Over the last five days, the stock has lost -2.02%. Marathon Oil Corporation shares have risen nearly 20.41% since the year began. Nevertheless, the stocks have risen 13.54% over the past one year. While a 52-week high of $29.81 was reached on 04/12/24, a 52-week low of $21.63 was recorded on 01/18/24. SMA at 50 days reached $25.56, while 200 days put it at $25.43. A total of 7.99 million shares were traded, compared to the trading of 8.44 million shares in the previous session.
Levels Of Support And Resistance For MRO Stock
The 24-hour chart illustrates a support level at 28.71, which if violated will result in even more drops to 28.32. On the upside, there is a resistance level at 29.77. A further resistance level may holdings at 30.44. The Relative Strength Index (RSI) on the 14-day chart is 69.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.80%. Stochastics %K at 83.14% indicates the stock is a selling.
The most recent change occurred on April 19, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
