Marathon Oil Corporation (NYSE: MRO) is 14.40% 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 $26.63 in the last trading session, with the day’s gains setting it 1.01%.
Currently trading at $27.64, the stock is 2.74% and 0.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.19 million and changing 3.79% at the moment leaves the stock 4.62% off its SMA200. MRO registered 3.33% gain for a year compared to 6-month loss of -3.99%. The firm has a 50-day simple moving average (SMA 50) of $27.4052 and a 200-day simple moving average (SMA200) of $26.4377.
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The stock witnessed a -3.53% gain in the last 1 month and extending the period to 3 months gives it a -3.29%, and is 0.22% 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 2.95% over the week and 2.35% over the month.
Marathon Oil Corporation (MRO) has around 1681 employees, a market worth around $15.46B and $6.56B in sales. Current P/E ratio is 10.80 and Fwd P/E is 10.74. Profit margin for the company is 22.80%. Distance from 52-week low is 26.73% and -8.05% from its 52-week high. The company has generated returns on investments over the last 12 months (9.48%).
with sales reaching $1.76B over the same period.The EPS is expected to shrink by -1.84% this year, but quarterly earnings will post -0.00% year-over-year. Quarterly sales are estimated to shrink -2.80% in year-over-year returns.
Marathon Oil Corporation (MRO) Top Institutional Holders
1105.0 institutions hold shares in Marathon Oil Corporation (MRO), with institutional investors hold 77.83% of the company’s shares. The shares outstanding are 577.00M, and float is at 557.37M with Short Float at 1.71%. Institutions hold 77.49% 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 Whitehead Dane E. SEC filings show that Whitehead Dane E sold 52,008 shares of the company’s common stock on Sep 18 ’24 at a price of $27.50 per share for a total of $1.43 million. Following the sale, the insider now owns 100000.0 shares.
Still, SEC filings show that on Sep 06 ’24, Henderson Michael A (Executive VP, Operations) disposed off 38,000 shares at an average price of $27.21 for $1.03 million. The insider now directly holds 76,828 shares of Marathon Oil Corporation (MRO).
