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Marathon Oil Corporation (MRO) Is Up 15.44% in 2024 With Lots of Room to Run

Marathon Oil Corporation (NYSE: MRO) is 15.44% higher on its value in year-to-date trading and has touched a low of $21.81 and a high of $30.06 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 $28.19 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $27.89, the stock is -1.01% and 1.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.53 million and changing -1.06% at the moment leaves the stock 7.35% off its SMA200. MRO registered 18.58% gain for a year compared to 6-month gain of 14.35%.

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The stock witnessed a 0.04% loss in the last 1 month and extending the period to 3 months gives it a -5.43%, and is -2.86% down 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 1.83% over the week and 1.92% over the month.

Marathon Oil Corporation (MRO) has around 1681 employees, a market worth around $15.73B and $6.38B in sales. Current P/E ratio is 11.57 and Fwd P/E is 8.57. Profit margin for the company is 22.48%. Distance from 52-week low is 27.88% and -7.22% from its 52-week high. The company has generated returns on investments over the last 12 months (9.12%).

The EPS is expected to grow by 10.31% this year.

Marathon Oil Corporation (MRO) Top Institutional Holders

The shares outstanding are 577.00M, and float is at 561.89M with Short Float at 2.06%.

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).

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