Stocks of Marathon Oil Corporation (NYSE:MRO) traded higher last session on Wall Street, up 0.19% to $26.44.
As we calculate the median target price by taking the range between a high of $40.00 and a low of $25.00, we find $33.00. Given the previous closing price of $26.39, this indicates a potential upside of 25.05 percent. MRO stock price is now 7.85% away from the 50-day moving average and 2.89% away from the 200-day moving average. The market capitalization of the company currently stands at $15.78B.
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Brokers who have rated the stock have averaged $32.41 as their price target over the next twelve months.
With the price target maintained at $25, Goldman recently Upgraded its rating from Sell to Neutral for Marathon Oil Corporation (NYSE: MRO).
In other news, White Rob L., VP, Controller & CAO sold 8,000 shares of the company’s stock on Aug 07. The stock was sold for $209,920 at an average price of $26.24. Upon completion of the transaction, the VP, Controller & CAO now directly owns 32,009 shares in the company, valued at $0.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27, VP, Controller & CAO White Rob L. sold 5,000 shares of the business’s stock. A total of $114,250 was realized by selling the stock at an average price of $22.85. This leaves the insider owning 39,344 shares of the company worth $1.04 million. Insiders disposed of 1,338,876 shares of company stock worth roughly $35.4 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 WOODLINE PARTNERS LP during the first quarter worth $102,902,000. SQUAREPOINT OPS LLC invested $34,662,000 in shares of MRO during the first quarter. In the first quarter, HITE HEDGE ASSET MANAGEMENT LLC acquired a new stake in Marathon Oil Corporation valued at approximately $14,199,000. CAPITOLIS ADVISORS LLC acquired a new stake in MRO for approximately $13,220,000. POINT72 MIDDLE EAST FZE purchased a new stake in MRO valued at around $11,145,000 in the second quarter. In total, there are 1,035 active investors with 79.30% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $26.58 for Marathon Oil Corporation (NYSE: MRO). During the past 12 months, Marathon Oil Corporation has had a low of $20.57 and a high of $33.42. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for MRO is $24.52 and a two-hundred day moving average price translates $25.70 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for Jun, 2023. The net profit margin was 28.40% and return on equity was 18.10% for MRO. The company reported revenue of $1.48 billion for the quarter, compared to $2.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.55 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/11/2023. Investors who held shares on 08/16/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 1.51% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, MRO is presently at 12.30%.
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 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. The company was founded in 1886 and is headquartered in Houston, Texas.
