Stocks of Marathon Oil Corporation (NYSE:MRO) traded higher last session on Wall Street, down -1.60% to $30.80.
According to the data, Marathon Oil Corporation (NYSE:MRO) has 27 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $26.00, we find $32.50. Given the previous closing price of $31.30, this indicates a potential upside of 3.83 percent. MRO stock price is now 9.95% away from the 50-day moving average and 20.84% away from the 200-day moving average. The market capitalization of the company currently stands at $19.88B.
A total of 9 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $33.67 as their price target over the next twelve months.
With the price target of $30, Jefferies recently initiated with Hold rating for Marathon Oil Corporation (NYSE: MRO). On June 24, 2022, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $31 to quote $24, while ‘Susquehanna’ rates the stock as ‘Positive’.
In other news, Whitehead Dane E, Executive VP and CFO sold 90,588 shares of the company’s stock on Nov 16. The stock was sold for $2,913,149 at an average price of $32.16. Upon completion of the transaction, the Executive VP and CFO now directly owns 182,700 shares in the company, valued at $5.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, Warnica Kimberly O. sold 5,000 shares of the business’s stock. A total of $163,575 was realized by selling the stock at an average price of $32.72. This leaves the insider owning 62,230 shares of the company worth $1.92 million. Insiders disposed of 2,711,962 shares of company stock worth roughly $83.53 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MRO stock. A new stake in Marathon Oil Corporation shares was purchased by NATIONAL PENSION SERVICE during the first quarter worth $32,972,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $24,997,000 in shares of MRO during the first quarter. In the first quarter, CONTRARIUS INVESTMENT MANAGEMENT LTD acquired a new stake in Marathon Oil Corporation valued at approximately $17,350,000. CAPITOLIS ADVISORS LLC acquired a new stake in MRO for approximately $15,400,000. AUSTRALIANSUPER PTY LTD purchased a new stake in MRO valued at around $14,662,000 in the second quarter. In total, there are 1,015 active investors with 79.20% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $30.43 for Marathon Oil Corporation (NYSE: MRO). During the past 12 months, Marathon Oil Corporation has had a low of $14.29 and a high of $33.42. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for MRO is $28.10 and a two-hundred day moving average price translates $25.54 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $1.32, beating analysts’ expectations of $1.26 by 0.06. This compares to $0.23 EPS in the same period last year. The net profit margin was 46.00% and return on equity was 33.40% for MRO. The company reported revenue of $2.01 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.64 percent. For the current quarter, analysts expect MRO to generate $2.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/12/2022. Investors who held shares on 11/16/2022 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 1.17% percent yield. There was an ex-dividend date of 11/15/2022 for this dividend. In terms of dividend payout ratio, MRO is presently at 6.10%.
Marathon Oil Corporation(MRO) Company Profile
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.