Marathon Oil Corporation (NYSE:MRO) has a beta value of 2.22 and has seen 10.01 million shares traded in the last trading session. The company, currently valued at $15.58B, closed the last trade at $27.00 per share which meant it gained $0.41 on the day or 1.54% during that session. The MRO stock price is -9.48% off its 52-week high price of $29.56 and 21.63% above the 52-week low of $21.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.6 million shares traded. The 3-month trading volume is 9.76 million shares.
Marathon Oil Corporation (NYSE:MRO) trade information
Sporting 1.54% in the green in last session, the stock has traded in the green over the last five days, when the MRO stock price touched $27.00 or saw a rise of 0.41%. Year-to-date, Marathon Oil Corporation shares have moved 11.75%, while the 5-day performance has seen it change 7.44%. Over the past 30 days, the shares of Marathon Oil Corporation (NYSE:MRO) have changed 15.48%. Short interest in the company has seen 12.16 million shares shorted with days to cover at 1.2.
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 gained 0.37% over the past 6 months, with this year growth rate of -6.51%, compared to 10.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -19.40% and 25.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.70%.
13 analysts offering their estimates for the company have set an average revenue estimate of $1.55 billion for the current quarter. 13 have an estimated revenue figure of $1.62 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.68 billion and $1.51 billion respectively for this quarter and the next, and analysts expect sales will shrink by -7.50% for the current quarter and 6.80% 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 14.58% over the past 5 years. Earnings growth for 2024 is a modest -1.24% while over the next 5 years, the company’s earnings are expected to decrease by -8.79%.
MRO Dividends
Marathon Oil Corporation is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.42 at a share yield of 1.56%. The company’s dividend yield has gone up over the past 12 months.
Marathon Oil Corporation (NYSE:MRO)’s Major holders
Insiders own 0.43% of the company shares, while shares held by institutions stand at 79.14% with a share float percentage of 79.48%. Investors are also buoyed by the number of investors in a company, with Marathon Oil Corporation having a total of 1,127 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 72.63 million shares worth more than $1.67 billion. As of Jun 29, 2023, Vanguard Group Inc held 11.99% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 49.76 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.15 billion and represent 8.22% 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, 2023, the former fund manager holds about 3.19% shares in the company for having 19.31 million shares of worth $444.43 million while later fund manager owns 16.81 million shares of worth $443.05 million as of Aug 30, 2023, which makes it owner of about 2.78% of company’s outstanding stock.
