Marathon Oil Corporation (NYSE: MRO) is 11.75% higher on its value in year-to-date trading and has touched a low of $21.16 and a high of $29.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MRO stock was last observed hovering at around $26.59 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $27.00, the stock is 9.36% and 14.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.01 million and changing 1.54% at the moment leaves the stock 8.28% off its SMA200. MRO registered 27.36% gain for a year compared to 6-month loss of 0.37%. The firm has a 50-day simple moving average (SMA 50) of $3.20 and a 200-day simple moving average (SMA200) of $4.59.
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The stock witnessed a 15.48% gain in the last 1 month and extending the period to 3 months gives it a 11.02%, and is 7.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 2.09% over the month.
Marathon Oil Corporation (MRO) has around 1681 employees, a market worth around $15.58B and $6.41B in sales. Current P/E ratio is 10.55 and Fwd P/E is 9.03. Profit margin for the company is 24.25%. Distance from 52-week low is 27.60% and -8.66% from its 52-week high. The company has generated returns on investments over the last 12 months (10.56%).
Marathon Oil Corporation quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $1.55B over the same period.The EPS is expected to shrink by -1.24% this year, but quarterly earnings will post -1.70% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.
Marathon Oil Corporation (MRO) Top Institutional Holders
1,127 institutions hold shares in Marathon Oil Corporation (MRO), with institutional investors hold 79.48% of the company’s shares. The shares outstanding are 577.00M, and float is at 574.67M with Short Float at 2.12%. Institutions hold 79.14% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 72.63 million shares valued at $1.67 billion. The investor’s holdings represent 11.99% of the MRO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 49.76 million shares valued at $1.15 billion to account for 8.22% of the shares outstanding. The other top investors are State Street Corporation which holds 41.47 million shares representing 6.85% and valued at over $954.59 million, while Invesco Ltd. holds 3.05% of the shares totaling 18.48 million with a market value of $425.49 million.
Marathon Oil Corporation (MRO) Insider Activity
The most recent transaction is an insider sale by Whitehead Dane E,the company’sExecutive VP and CFO. SEC filings show that Whitehead Dane E sold 53,403 shares of the company’s common stock on Sep 29 ’23 at a price of $27.05 per share for a total of $1.44 million. Following the sale, the insider now owns 0.16 million shares.
Marathon Oil Corporation disclosed in a document filed with the SEC on Sep 28 ’23 that Henderson Michael A (Executive VP, Operations) sold a total of 37,000 shares of the company’s common stock. The trade occurred on Sep 28 ’23 and was made at $27.30 per share for $1.01 million. Following the transaction, the insider now directly holds 94254.0 shares of the MRO stock.
Still, SEC filings show that on Sep 27 ’23, Whitehead Dane E (Executive VP and CFO) disposed off 50,000 shares at an average price of $27.63 for $1.38 million. The insider now directly holds 171,504 shares of Marathon Oil Corporation (MRO).
