Marathon Oil Corporation (MRO): Here Are Some Research Recommendations

KOSK Stock
KOSK Stock

Marathon Oil Corporation (NYSE:MRO) finished Thursday with a subtraction of -$0.59 to close at $24.59, a downside of -2.34 percent. An average of 13,336,939 shares of common stock have been traded in the last five days. There was a fall of -$2.21 in the past week, and it reached a new high 51 times over the past 12 months. The last 20 days have seen an average of 13,535,965 shares traded, while the 50-day average volume stands at 14,012,070.

MRO stock has decreased by -4.36% in the last month. The company shares reached their 1-month lowest point of $24.41 on 09/07/22. With the stock rallying to its 52-week high on 05/31/22, shares of the company touched a low of $11.69 and a high of $33.24 in 52 weeks. It has reached a new high 39 times so far this year and achieved 49.76% or $8.17 in price. In spite of this, the price is down -26.01% from the 52-week high.

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Insider Transactions

4 days have passed since Marathon Oil Corporation (MRO) last reported insider trading activity. Whitehead Dane E, who is Executive VP and CFO, most recently acquired $33,252 shares at $26.01 per share on Sep 19. In this transaction, the insider spent $864,904. Chairman, President and CEO, TILLMAN LEE M, disposed of 81,390 shares at a price of $25.23 on Aug 31. The insider now owns more than $2,053,470 worth of shares. Prior to that, Chairman, President and CEO TILLMAN LEE M went on to Sale 2,079 shares at $26.05 each on Aug 30. An amount of $54,161 was transacted.

Valuation Metrics

Marathon Oil Corporation (MRO) has a trailing price-to-earnings (P/E) ratio of 5.83. The stock’s beta is 2.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.32, the price-to-book (PB) ratio at 1.50, and the price-to-cash flow ratio at 5.22.

The company has a payout ratio of 6.90%. The company’s most recent quarterly dividend payment was $0.08 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday April 28 2022.

Financial Health

The quick ratio of Marathon Oil Corporation for the three months ended June 29 was 1.10, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 0.35 for the quarter ending June 29. Its gross profit as reported stood at $1.31 billion compared to revenue of $5.6 billion.

Earnings Surprise

For the three-month period that ended June 29, Marathon Oil Corporation had $3.71 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 $966.0 million in the quarter, while revenues of $1.3 billion were grew 98.34%. The analyst consensus anticipated Marathon Oil Corporation’s latest quarter earnings to come in at $1.26 per share, but it turned out to be $1.32, a 4.80% surprise. For the quarter, EBITDA amounted to $1.73 billion. Shareholders own equity worth $677.58 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 22 September was 37.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.43%.

As of today, MRO’s price is $25.54 -8.25% or -$2.21 from its 5-day moving average. MRO is currently trading -6.47% lower than its 20-day SMA and -1.32% lower than its 100-day SMA. However, the stock’s current price level is +18.56% above the SMA50 and +57.63% above the SMA200.

The stochastic %K and %D were 21.87% and 33.67%, respectively, and the average true range (ATR) was 1.11. With the 14-day stochastic at 5.14% and the average true range at 1.11, the RSI (14) stands at 44.35%. The stock has reached -0.99 on the 9-day MACD Oscillator while the 14-day reading was at -0.80.

Analyst Ratings

Citigroup downgraded Marathon Oil Corporation (NYSE: MRO) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. 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 9 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 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 $25.00 and $43.00, with a median target of $32.50. Taking a look at these predictions, the average price target given by analysts for Marathon Oil Corporation (MRO) stock is $32.40.


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