As of Friday close, Marathon Oil Corporation’s (NYSE:MRO) stock was up $0.4, moving up 1.55 percent to $26.18. The average number of shares traded per day over the past five days has been 11,443,380 shares. 2 times new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 12,120,510, while in the previous 50 days, it was 12,474,196.
Since last month, MRO stock rose 16.15%. Shares of the company fell to $21.97 on 07/06/23, the lowest level in the past month. A 52-week high of $33.42 was reached on 01/24/23 after having rallying from a 52-week low of $20.57. Since the beginning of this year, MRO’s stock price has dropped by -3.29% or -$0.89, and marked a new high 7 times. However, the stock has declined by -21.66% since its 52-week high.
MRO stock investors should be aware that Marathon Oil Corporation (MRO) stock had its last reported insider trading activity 131 days ago on Mar 27. White Rob L., the VP, Controller & CAO of the company, disposed of 5,000 shares for $22.85 on Mar 27. It resulted in a $114,250 divestment by the insider. Whitehead Dane E sold 90,588 shares at an average price of $32.16 on Nov 16. The insider now owns 182,700 shares following the transaction. On Nov 11, Chairman, President and CEO TILLMAN LEE M sold 30,000 shares at $32.49 apiece. The transaction was valued at $974,691.
Valuation Metrics
Right now, Marathon Oil Corporation (MRO) has a P/E ratio of about 6.43. The stock’s beta is 2.38. Besides these, the trailing price-to-sales (P/S) ratio of 2.00, the price-to-book (PB) ratio of 1.44, and the price-to-cash flow ratio of 4.79 may also be considered.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10.
Financial Health
In the three months ended June 29, Marathon Oil Corporation’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.50, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 90.80% percent. In the year ended June 29, EBITDA margin amounted to 70.50%, whereas operating margins totaled 46.90%. Based on annual data, MRO earned $3.95 billion in gross profit and brought in $7.54 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.80%. Return on equity (ROE) for the past 12 months was 24.00%.
In Marathon Oil Corporation’s quarter-end financial report for June 29, it reported total debt of $5.72 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MRO’s revenue fell -52.21% to $1.68 billion during the quarter, while net income inched up to $1.51 billion. While analysts expected Marathon Oil Corporation to report $0.46 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $1.01 billion in EBITDA. The liabilities of Marathon Oil Corporation were 8.68 billion at the end of its most recent quarter ended June 29, and its total debt was $6.02 billion. The value of shareholders’ equity is $605.69 million.
Technical Picture
This quick technical analysis looks at Marathon Oil Corporation’s (MRO) price momentum. With a historical volatility rate of 16.24%, the RSI 9-day stood at 66.14% on 04 August.
With respect to its five-day moving average, the current Marathon Oil Corporation price is up by +0.31% percent or $0.08. At present, MRO shares trade +11.31% above its 20-day simple moving average and +14.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.74% above its SMA50 and -3.54% below its SMA200.
Stochastic coefficient K was 76.76% and Stochastic coefficient D was 79.15%, while ATR was 0.70. Given the Stochastic reading of 86.74% for the 14-day period, the RSI (14) reading has been calculated as 64.73%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at 0.18.
Analyst Ratings
Goldman upgraded its rating on Marathon Oil Corporation (NYSE: MRO) to a Neutral in a note to investors on July 12, 2023. The analysts firm previously had a Sell rating on the stock.Marathon Oil Corporation (MRO) has been rated Overweight by analysts. According to 1 brokerage firm, MRO is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Marathon Oil Corporation stock as buy, with 18 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $25.00 – $40.00. Based on these forecasts, analysts predict Marathon Oil Corporation (MRO) will achieve an average price target of $31.65.
