rts logo

Why should you keep an eye on Marathon Oil Corporation (MRO)?

Marathon Oil Corporation (NYSE: MRO) is 19.16% higher on its value in year-to-date trading and has touched a low of $21.63 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 $28.57 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $28.79, the stock is 9.50% and 18.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.13 million and changing 0.77% at the moment leaves the stock 14.59% off its SMA200. MRO registered 21.43% gain for a year compared to 6-month loss of 7.63%. The firm has a 50-day simple moving average (SMA 50) of $3.36 and a 200-day simple moving average (SMA200) of $4.82.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a 17.03% gain in the last 1 month and extending the period to 3 months gives it a 19.16%, and is 4.43% 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 1.67% over the week and 1.78% over the month.

Marathon Oil Corporation (MRO) has around 1681 employees, a market worth around $16.62B and $6.41B in sales. Current P/E ratio is 11.25 and Fwd P/E is 9.35. Profit margin for the company is 24.25%. Distance from 52-week low is 33.10% and -2.60% 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 $0.55 with sales reaching $1.57B over the same period.The EPS is expected to shrink by -0.52% this year, but quarterly earnings will post -1.00% year-over-year. Quarterly sales are estimated to shrink -6.80% in year-over-year returns.

Marathon Oil Corporation (MRO) Top Institutional Holders

1,121 institutions hold shares in Marathon Oil Corporation (MRO), with institutional investors hold 79.40% of the company’s shares. The shares outstanding are 577.00M, and float is at 574.93M with Short Float at 2.32%. Institutions hold 79.09% 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 WAGNER PATRICK. SEC filings show that WAGNER PATRICK sold 36,094 shares of the company’s common stock on Mar 27 ’24 at a price of $27.65 per share for a total of $1.0 million. Following the sale, the insider now owns 0.14 million shares.

Marathon Oil Corporation disclosed in a document filed with the SEC on Mar 25 ’24 that Henderson Michael A (Executive VP, Operations) sold a total of 51,389 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $27.59 per share for $1.42 million. Following the transaction, the insider now directly holds 0.11 million shares of the MRO stock.

Still, SEC filings show that on Mar 22 ’24, Whitehead Dane E (Executive VP and CFO) disposed off 73,233 shares at an average price of $27.06 for $1.98 million. The insider now directly holds 152,008 shares of Marathon Oil Corporation (MRO).

Related Posts