As of Wednesday close, Marathon Oil Corporation’s (NYSE:MRO) stock was down -$0.3, moving down -1.16 percent to $25.56. The average number of shares traded per day over the past five days has been 8,942,060 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.71 fall in that time frame. In the last twenty days, the average volume was 10,888,705, while in the previous 50 days, it was 12,097,897.
Since last month, MRO stock rose 3.06%. Shares of the company fell to $23.85 on 07/17/23, 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 -5.58% or -$1.51, and marked a new high 7 times. However, the stock has declined by -23.52% since its 52-week high.
MRO stock investors should be aware that Marathon Oil Corporation (MRO) stock had its last reported insider trading activity 10 days ago on Aug 07. White Rob L., the VP, Controller & CAO of the company, disposed of 8,000 shares for $26.24 on Aug 07. It resulted in a $209,920 divestment by the insider. White Rob L. sold 5,000 shares at an average price of $22.85 on Mar 27. The insider now owns 39,344 shares following the transaction. On Nov 16, Executive VP and CFO Whitehead Dane E sold 90,588 shares at $32.16 apiece. The transaction was valued at $2,913,149.
Valuation Metrics
Right now, Marathon Oil Corporation (MRO) has a P/E ratio of about 8.07. The stock’s beta is 2.37. Besides these, the trailing price-to-sales (P/S) ratio of 2.10, the price-to-book (PB) ratio of 1.40, and the price-to-cash flow ratio of 5.62 may also be considered.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Wednesday January 25 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Marathon Oil Corporation’s quick ratio stood at 0.70, while its current ratio was 0.80, 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 0.51, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 89.00% percent. In the year ended June 29, EBITDA margin amounted to 70.50%, whereas operating margins totaled 40.40%. 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 18.10%.
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 $6.0 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 23.63%, the RSI 9-day stood at 44.68% on 16 August.
With respect to its five-day moving average, the current Marathon Oil Corporation price is down by -2.70% percent or -$0.71. At present, MRO shares trade +2.77% above its 20-day simple moving average and +16.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.42% above its SMA50 and -16.25% below its SMA200.
Stochastic coefficient K was 47.28% and Stochastic coefficient D was 64.62%, while ATR was 0.71. Given the Stochastic reading of 27.04% for the 14-day period, the RSI (14) reading has been calculated as 50.84%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.13.
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 $33.00, 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 $32.17.
