Marathon Oil Corporation (MRO) See Remarks Holds 0.23 million Worth Of Stock

The stock of Marathon Oil Corporation (NYSE:MRO) increased by increased by $0.4 on Friday to finish at $16.58, up 2.47 percent. The last five days have seen an average of 17,143,400 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $9.91. The average number of shares traded over the last 20 days was 20,570,035, while the average volume over the last 50 days totaled 17,847,748.

MRO stock appreciated 30.24% since last month. On 09/23/21, the company’s shares reached a one-month low of $11.99. The stock touched a high of $16.84 on 10/18/21, after rallying from a low of $3.73 in 52 weeks. The price of MRO stock has risen by 148.58% or $9.91 this year, reaching a new high 23 times. Still, the stock price is down -1.54% from the 52-week high.

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Insider Transactions

There have been 143 days since Marathon Oil Corporation (MRO) last reported insider trading activity on Jun 04. On Jun 04, See Remarks WAGNER PATRICK sold 31,667 shares at $13.72 each. This transaction resulted in the insider making $434,465. On Jun 02, TILLMAN LEE M sold 212,000 shares at a price of US$13.85. After the transaction, the insider now owns 1,203,012 shares. Chairman, President and CEO TILLMAN LEE M had earlier sold 67,500 shares on May 03 for $11.03 a share. The transaction was completed for $744,336.

Valuation Metrics

The PE ratio of Marathon Oil Corporation has varied between 30.10 and 5.492 in the last five years. Beta for the stock is 3.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.36, the price-to-book (PB) ratio of 1.23, and the price-to-cash flow ratio of 11.80.

Marathon Oil Corporation’s dividend is $0.20 per share per year. On Sep. 10, the company paid $0.05 per share in dividends, an increase of 25.0% from $0.04 last year. A $0.01 dividend increase was reported on Wednesday July 28 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -60.00%.

For the three months ended June 29, Marathon Oil Corporation’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.46, and the total debt to equity ratio is 0.46. As far as profitability goes, gross margin for the trailing twelve months is 86.50% percent. Marathon Oil Corporation’s EBITDA margin for the year ended June 29 was 46.82%, whereas its operating margin stood at -8.40% for the same period. Based on annual data, it had gross profit of -$1.18 billion and revenue of $3.1 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MRO’s return on assets (ROA) during the last 12 months has been -3.00%. There was a -7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.10%. ROE has averaged 12.45 in the past year for the broader industry.

Earnings Surprise

According to Marathon Oil Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.14 billion, while revenues rose by 76.2% to $1.07 billion. It was predicted that Marathon Oil Corporation’s quarterly earnings would be $0.22, but it ended up being $0.18, beating the consensus by 22.20%. EBITDA was $637.0 million for the quarter. At the end of Marathon Oil Corporation’s most recent quarter ended June 29, its liabilities totaled 7.17 billion, while its total debt was $5.01 billion. Equity owned by shareholders amounts to $788.4 million.

Technical Picture

Here’s a quick look at Marathon Oil Corporation’s (MRO) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 74.09%, suggesting the stock is Overbought, with a 20.91% historical volatility rate.

The stochastic %K and %D were 83.16% and 84.60% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 87.50%, the RSI (14) reading is 72.77%. On the 9-day MACD Oscillator, the stock is at 0.19, and the 14-day reading is at 0.42.

Analyst Ratings

In its most recent analyst report, Citigroup raised its rating on Marathon Oil Corporation (NYSE: MRO) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Marathon Oil Corporation (MRO) an Overweight rating. MRO is a stock that is recommended for selling by 1 brokerage firm, while 12 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 15 others recommend it as a buy.

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

The current consensus forecast for the stock is between $7.00 and $27.00, with a median target price of $18.00. In analyzing these forecasts, the average price target given by analysts for Marathon Oil Corporation (MRO) is $18.02.


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