Marathon Oil Corporation (NYSE: MRO) is 7.16% 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 $26.22 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $25.89, the stock is -6.76% and -7.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.6 million and changing -1.26% at the moment leaves the stock -1.43% off its SMA200. MRO registered -1.03% loss for a year compared to 6-month gain of 3.02%.
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
Sponsored
The stock witnessed a -7.07% loss in the last 1 month and extending the period to 3 months gives it a -8.74%, and is -5.34% 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 2.20% over the week and 1.85% over the month.
Marathon Oil Corporation (MRO) has around 1681 employees, a market worth around $14.48B and $6.56B in sales. Current P/E ratio is 10.11 and Fwd P/E is 8.80. Profit margin for the company is 22.80%. Distance from 52-week low is 18.71% and -13.87% from its 52-week high. The company has generated returns on investments over the last 12 months (9.48%).
Marathon Oil Corporation quarterly earnings per share for the current quarter are estimated at 0.77 with sales reaching $1.79B over the same period.The EPS is expected to grow by 4.64% this year, but quarterly earnings will post 1.30% year-over-year. Quarterly sales are estimated to shrink -1.50% in year-over-year returns.
1119.0 institutions hold shares in Marathon Oil Corporation (MRO), with institutional investors hold 77.88% of the company’s shares. The shares outstanding are 577.00M, and float is at 557.43M with Short Float at 1.80%. Institutions hold 77.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 68.37 million shares valued at $1.96 billion. The investor’s holdings represent 11.8702 of the MRO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 42.7 million shares valued at $1.22 billion to account for 7.4133 of the shares outstanding. The other top investors are STATE STREET CORP which holds 38.31 million shares representing 6.6519 and valued at over $1.1 billion, while INVESCO LTD. holds 5.7809 of the shares totaling 33.3 million with a market value of $954.65 million.
Marathon Oil Corporation (MRO) Insider Activity
The most recent transaction is an insider sale by Henderson Michael A, the company’s Executive VP, Operations. SEC filings show that Henderson Michael A sold 38,000 shares of the company’s common stock on Sep 06 ’24 at a price of $27.21 per share for a total of $1.03 million. Following the sale, the insider now owns 76828.0 shares.
Still, SEC filings show that on Mar 27 ’24, WAGNER PATRICK () disposed off 36,094 shares at an average price of $27.65 for $1.0 million. The insider now directly holds 140,829 shares of Marathon Oil Corporation (MRO).
