In the last trading session, 1.2 million Marathon Oil Corporation (NYSE:MRO) shares changed hands as the company’s beta touched 2.16. With the company’s per share price at $27.97 changed hands at $0.33 or 1.18% during last session, the market valuation stood at $15.64B. MRO’s last price was a discount, traded about -7.47% off its 52-week high of $30.06. The share price had its 52-week low at $21.81, which suggests the last value was 22.02% up since then. When we look at Marathon Oil Corporation’s average trading volume, we note the 10-day average is 6.83 million shares, with the 3-month average coming to 5.79 million.

Analysts gave the Marathon Oil Corporation (MRO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 4 recommended MRO as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight.

Marathon Oil Corporation (NYSE:MRO) trade information

Instantly MRO was in green as seen at the end of in last trading. With action 4.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 15.75%, with the 5-day performance at 4.58% in the green. However, in the 30-day time frame, Marathon Oil Corporation (NYSE:MRO) is 0.92% up. Looking at the short shares, we see there were 9.53 million shares sold at short interest cover period of 1.74 days.

The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 6.77% from its current market value. According to analyst projections, MRO’s forecast low is 14 with 48 as the target high. To hit the forecast high, the stock’s price needs a -71.61% plunge from its current level, while the stock would need to tank 49.95% for it to hit the projected low.

Marathon Oil Corporation (MRO) estimates and forecasts

Data shows that the Marathon Oil Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -5.20% over the past 6 months, a -3.07% in annual growth rate that is considerably higher than the industry average of -6.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.58%. The 2024 estimates are for Marathon Oil Corporation earnings to decrease by -4.04%, but the outlook for the next 5-year period is at 12.60% per year.

MRO Dividends

Marathon Oil Corporation is expected to release its next quarterly earnings report on 2024-Oct-30. The 1.57% annual yield figure for the share gives it an annual dividend of 0.44. It is important to note, however, that the 1.57% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.61 per year.

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

If we look at who the major shareholders are, we find that insiders hold 0.44% of Marathon Oil Corporation shares while 77.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.83%. There are 77.48% institutions holding the Marathon Oil Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.8702% of the shares, roughly 68.37 million MRO shares worth $1.96 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.4133% or 42.7 million shares worth $1.22 billion as of 2024-06-30.