Watching Marathon Oil Corporation (MRO) For Insider Activity

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Marathon Oil Corporation (NYSE:MRO) finished Thursday with an addition of $0.2 to close at $26.78, an upside of 0.75 percent. An average of 8,009,980 shares of common stock have been traded in the last five days. There was a fall of -$0.96 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 11,477,435 shares traded, while the 50-day average volume stands at 11,418,771.

MRO stock has decreased by -11.76% in the last month. The company shares reached their 1-month lowest point of $26.02 on 12/22/22. With the stock rallying to its 52-week high on 11/07/22, shares of the company touched a low of $16.23 and a high of $33.42 in 52 weeks. It has reached a new high 40 times so far this year and achieved 63.09% or $10.36 in price. In spite of this, the price is down -19.87% from the 52-week high.


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Insider Transactions

MRO stock investors should be aware that Marathon Oil Corporation (MRO) stock had its last reported insider trading activity 44 days ago on Nov 16. In this transaction, the insider spent $2,913,149. Chairman, President and CEO, TILLMAN LEE M, disposed of 30,000 shares at a price of $32.49 on Nov 11. The insider now owns more than $974,691 worth of shares. Prior to that, Warnica Kimberly O. went on to Sale 5,000 shares at $32.72 each on Nov 11. An amount of $163,575 was transacted.

Valuation Metrics

Marathon Oil Corporation (MRO) has a trailing price-to-earnings (P/E) ratio of 5.15. The stock’s beta is 2.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.04, the price-to-book (PB) ratio at 1.60, and the price-to-cash flow ratio at 4.30.

The company has a payout ratio of 6.10%. The company’s most recent quarterly dividend payment was $0.09 a share, representing a up of 12.5% from $0.08 last year. Its latest increase dividend $0.01 reported on Wednesday October 26 2022.

Financial Health

The quick ratio of Marathon Oil Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.10, 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 0.36 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 $3.58 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $817.0 million in the quarter, while revenues were grew 77.48%. 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 $1.57 billion. Shareholders own equity worth $635.07 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 29 December was 40.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.01%.

As of today, MRO’s price is $27.03 -3.46% or -$0.96 from its 5-day moving average. MRO is currently trading -12.57% lower than its 20-day SMA and +22.68% higher than its 100-day SMA. However, the stock’s current price level is -2.83% below the SMA50 and +23.70% above the SMA200.

The stochastic %K and %D were 43.00% and 49.45%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 33.78% and the average true range at 1.07, the RSI (14) stands at 41.69%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.

Analyst Ratings

Jefferies launched coverage on Marathon Oil Corporation (NYSE: MRO) in its analyst report released on October 19, 2022. The firm assigned the stock a Hold rating. The consensus rating for Marathon Oil Corporation (MRO) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell MRO, while 8 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 $27.00 and $48.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Marathon Oil Corporation (MRO) stock is $34.90.

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