What The Financials Tell Us About Marathon Oil Corporation (MRO)

Marathon Oil Corporation (NYSE:MRO) trading with an addition of $0.2 to $15.99 on Thursday, an upside of 1.27 percent. An average of 16,316,200 shares of common stock have been traded in the last five days. There was a gain of $0.80 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 21,201,914 shares traded, while the 50-day average volume stands at 17,384,410.

MRO stock has increased by 34.61% in the last month. The company shares reached their 1-month lowest point of $11.22 on 09/20/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $3.73 and a high of $16.61 in 52 weeks. It has reached a new high 22 times so far this year and achieved 136.73% or $9.49 in price. In spite of this, the price is down -3.73% from the 52-week high.


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Insider Transactions

132 days have passed since Marathon Oil Corporation (MRO) last reported insider trading activity. WAGNER PATRICK, who is See Remarks, most recently acquired $31,667 shares at $13.72 per share on Jun 04. In this transaction, the insider spent $434,465. Chairman, President and CEO, TILLMAN LEE M, disposed of 212,000 shares at a price of $13.85 on Jun 02. The insider now owns more than $2,937,048 worth of shares. Prior to that, Chairman, President and CEO TILLMAN LEE M went on to Sale 67,500 shares at $11.03 each on May 03. An amount of $744,336 was transacted.

Valuation Metrics

Marathon Oil Corporation (MRO) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.82 for the sector. In the last five years, Marathon Oil Corporation’s PE ratio has ranged between 30.10 and 5.492. The stock’s beta is 3.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.14, the price-to-book (PB) ratio at 1.17, and the price-to-cash flow ratio at 11.01.

Marathon Oil Corporation pays a $0.20 dividend per share annually. It offers a dividend yield of 1.25%. The company’s most recent quarterly dividend payment took place on Sep. 10, and it was $0.05 a share, representing a up of 20.0 from $0.04 last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.01 reported on Wednesday July 28 2021. Dividends have grown by -60.00% each year over the last three years.

Marathon Oil Corporation will next go ex-dividend on 16-Nov-2021. The next dividend payment Marathon Oil Corporation will make is expected to be $0.05.

The quick ratio of Marathon Oil Corporation for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.46 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 86.50% against a 5-year average of 10.9%. Marathon Oil Corporation’s EBITDA margin for the year ending June 29 is 46.82%, while its operating margin for the same period stands at -8.40%. Its gross profit as reported stood at -$1.18 billion compared to revenue of $3.1 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Marathon Oil Corporation’s return on assets was -3.00%, compared to -5.7% over the last five years. In the past year, the return on investment has been -7.70%, and the 5-year average is -6.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been -5.10% and the 5-year average holds at -10.1%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Marathon Oil Corporation had $4.88 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $16.0 million in the quarter, while revenues of $97.0 million were grew 4787.5%. The analyst consensus anticipated Marathon Oil Corporation’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.22, a 22.20% surprise. For the quarter, EBITDA amounted to $637.0 million. Shareholders own equity worth $788.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Marathon Oil Corporation (MRO) price momentum. RSI 9-day as of the close on 13 October was 78.09%, suggesting the stock is Overbought, with historical volatility in this time frame at 33.83%.

As of today, MRO’s price is $15.97 +5.20% or $0.80 from its 5-day moving average. MRO is currently trading +31.16% higher than its 20-day SMA and +35.00% higher than its 100-day SMA. However, the stock’s current price level is +46.24% above the SMA50 and +145.96% above the SMA200.

The stochastic %K and %D were 83.66% and 85.74%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 86.75% and the average true range at 0.62, the RSI (14) stands at 74.30%. The stock has reached 0.33 on the 9-day MACD Oscillator while the 14-day reading was at 0.97.

Analyst Ratings

Citigroup upgraded Marathon Oil Corporation (NYSE: MRO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Marathon Oil Corporation (MRO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MRO, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 15 others rate it as a “buy”.

What is MRO’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $22.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Marathon Oil Corporation (MRO) stock is $16.65.

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