The stock of Marathon Oil Corporation (NYSE:MRO) last traded at $26.90, up 0.07% from the previous session.
Data from the available sources indicates that Marathon Oil Corporation (NYSE:MRO) is covered by 29 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $26.00, we find $33.00. Given the previous closing price of $26.88, this indicates a potential upside of 22.77 percent. MRO stock price is now 3.88% away from the 50-day moving average and 6.60% away from the 200-day moving average. The market capitalization of the company currently stands at $16.57B.
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In total, 6 analysts have assigned it a hold rating, and 19 have given it a buy rating. Brokers who have rated the stock have averaged $33.15 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, Henderson Michael A, Executive VP, Operations sold 20,000 shares of the company’s stock on Sep 01. The stock was sold for $538,234 at an average price of $26.91. Upon completion of the transaction, the Executive VP, Operations now directly owns 131,254 shares in the company, valued at $3.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28, WAGNER PATRICK sold 34,756 shares of the business’s stock. A total of $899,610 was realized by selling the stock at an average price of $25.88. This leaves the insider owning 167,533 shares of the company worth $4.51 million. Insiders disposed of 1,263,407 shares of company stock worth roughly $33.99 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 $104,692,000. SQUAREPOINT OPS LLC invested $35,265,000 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 $14,446,000. CAPITOLIS ADVISORS LLC acquired a new stake in MRO for approximately $13,450,000. POINT72 MIDDLE EAST FZE purchased a new stake in MRO valued at around $11,339,000 in the second quarter. In total, there are 1,035 active investors with 79.30% ownership of the company’s stock.
With an opening price of $27.15 on Monday morning, Marathon Oil Corporation (NYSE: MRO) set off the trading day. 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 $25.96 and a two-hundred day moving average price translates $25.22 for the stock.
The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.46 by 0.02. This compares to $1.37 EPS in the same period last year. 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. For the current quarter, analysts expect MRO to generate $1.67B in revenue.
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 1.49% 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%.
