Marathon Oil Corporation (NYSE:MRO) has a beta value of 3.4 and has seen 14,172,223 shares traded in the recent trading session. The company, currently valued at $4.2 Billion, closed the recent trade at $5.3 per share which meant it gained $0.1 on the day or 3.62% during that session. The MRO stock price is -171.51% off its 52-week high price of $14.39 and 43.02% above the 52-week low of $3.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 29.12 Million shares traded. The 3-month trading volume is 39.03 Million shares.
The consensus among analysts is that Marathon Oil Corporation (MRO) is a Hold stock at the moment, with a recommendation rating of 2.9. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 18 out of 28 have rated it as a Hold, with 5 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.56.
Marathon Oil Corporation (NYSE:MRO) trade information
Sporting 3.41% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 09 when the MRO stock price touched $5.72-8 or saw a rise of 8.04%. Year-to-date, Marathon Oil Corporation shares have moved -61.27%, while the 5-day performance has seen it change -5.57%. Over the past 30 days, the shares of Marathon Oil Corporation (NYSE:MRO) have changed -20.06%. Short interest in the company has seen 53.48 Million shares shorted with days to cover at 1.37.
Wall Street analysts have a consensus price target for the stock at $6.83, which means that the shares’ value could jump 28.87% from current levels. The projected low price target is $4 while the price target rests at a high of $11. In that case, then, we find that the current price level is +107.55% off the targeted high while a plunge would see the stock lose -24.53% from current levels.
Marathon Oil Corporation (MRO) estimates and forecasts
Figures show that Marathon Oil Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -61.08% over the past 6 months, with this year growth rate of -282.67%, compared to -7.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -343.5% and -364.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be -34.6%.
13 analysts offering their estimates for the company have set an average revenue estimate of $660.57 Million for the current quarter. 13 have an estimated revenue figure of $748.1 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $1.43 Billion and $1.34 Billion respectively for this quarter and the next, and analysts expect sales will grow by -53.9% for the current quarter and -44.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16% over the past 5 years. Earnings growth for 2020 is a modest -54.2% while over the next 5 years, the company’s earnings are expected to increase by 4.9%.
Marathon Oil Corporation (NYSE:MRO)’s Major holders
Insiders own 0.33% of the company shares, while shares held by institutions stand at 87.78% with a share float percentage of 88.06%. Investors are also buoyed by the number of investors in a company, with Marathon Oil Corporation having a total of 854 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 94.39 Million shares worth more than $310.54 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 11.94% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 93.08 Million shares as of March 30, 2020. The firm’s total holdings are worth over $306.22 Million and represent 11.78% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Delaware Group Equity Funds II- Value Fund and Vanguard Total Stock Market Index Fund. As of February 28, 2020, the former fund manager holds about 4.13% shares in the company for having 32657900 shares of worth $270.41 Million while later fund manager owns 23.51 Million shares of worth $77.35 Million as of March 30, 2020, which makes it owner of about 2.97% of company’s outstanding stock.