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Can Marathon Oil Corporation (MRO) Future Potential Be Undermined By Current Price Volatility?

Marathon Oil Corporation (NYSE:MRO) has a beta value of 2.45 and has seen 2.42 million shares traded in the recent trading session. The company, currently valued at $17.53B, closed the recent trade at $28.12 per share which meant it gained $0.02 on the day or 0.07% during that session. The MRO stock price is -18.85% off its 52-week high price of $33.42 and 39.51% above the 52-week low of $17.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.07 million shares traded. The 3-month trading volume is 10.86 million shares.

Marathon Oil Corporation (NYSE:MRO) trade information

Sporting 0.07% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the MRO stock price touched $28.12 or saw a rise of 13.58%. Year-to-date, Marathon Oil Corporation shares have moved 3.80%, while the 5-day performance has seen it change 3.77%. Over the past 30 days, the shares of Marathon Oil Corporation (NYSE:MRO) have changed 3.50%. Short interest in the company has seen 23.32 million shares shorted with days to cover at 1.61.

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Wall Street analysts have a consensus price target for the stock at $34.25, which means that the shares’ value could jump 17.9% from the levels at last check today. The projected low price target is $28.00 while the price target rests at a high of $48.00. In that case, then, we find that the latest price level in today’s session is -70.7% off the targeted high while a plunge would see the stock lose 0.43% from the levels at last check today.

Marathon Oil Corporation (MRO) estimates and forecasts

Figures show that Marathon Oil Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 29.20% over the past 6 months, with this year growth rate of 184.08%, compared to 5.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 212.80% and 45.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 46.90%.

13 analysts offering their estimates for the company have set an average revenue estimate of $2.05 billion for the current quarter. 13 have an estimated revenue figure of $1.98 billion for the next quarter concluding in Dec 2022. Year-ago sales stood $1.31 billion and $1.8 billion respectively for this quarter and the next, and analysts expect sales will grow by 56.10% for the current quarter and 10.10% 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 19.80% over the past 5 years. Earnings growth for 2023 is a modest 165.50% while over the next 5 years, the company’s earnings are expected to increase by 32.63%.

MRO Dividends

Marathon Oil Corporation is expected to release its next earnings report between February 14 and February 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.36 at a share yield of 1.28%. The company’s dividend yield has gone up over the past 12 months.

Marathon Oil Corporation (NYSE:MRO)’s Major holders

Insiders own 0.19% of the company shares, while shares held by institutions stand at 78.84% with a share float percentage of 78.99%. Investors are also buoyed by the number of investors in a company, with Marathon Oil Corporation having a total of 1,015 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 81.12 million shares worth more than $1.82 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 11.46% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 53.54 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.2 billion and represent 7.56% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 29, 2022, the former fund manager holds about 2.94% shares in the company for having 20.82 million shares of worth $468.02 million while later fund manager owns 19.54 million shares of worth $441.2 million as of Sep 29, 2022, which makes it owner of about 2.76% of company’s outstanding stock.

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