During the recent session, Marathon Oil Corporation (NYSE:MRO)’s traded shares were 2.14 million, with the beta value of the company hitting 2.17. At the last check today, the stock’s price was $27.43, reflecting an intraday gain of 5.19% or $1.35. The 52-week high for the MRO share is $30.06, that puts it down -9.59 from that peak though still a striking 20.49% gain since the share price plummeted to a 52-week low of $21.81. The company’s market capitalization is $15.35B, and the average intraday trading volume over the past 10 days was 4.14 million shares, and the average trade volume was 5.52 million shares over the past three months.
Marathon Oil Corporation (MRO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. MRO has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.63.
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Marathon Oil Corporation (NYSE:MRO) trade information
Marathon Oil Corporation (MRO) registered a 5.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.19% in intraday trading to $27.43, hitting a weekly high. The stock’s 5-day price performance is 3.92%, and it has moved by -1.92% in 30 days. Based on these gigs, the overall price performance for the year is 0.45%. The short interest in Marathon Oil Corporation (NYSE:MRO) is 8.57 million shares and it means that shorts have 1.46 day(s) to cover.
The consensus price target of analysts on Wall Street is $30, which implies an increase of 8.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $48 respectively. As a result, MRO is trading at a discount of -74.99% off the target high and 48.96% off the low.
Marathon Oil Corporation (MRO) estimates and forecasts
Statistics show that Marathon Oil Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Marathon Oil Corporation (MRO) shares have gone up 5.15% during the last six months, with a year-to-date growth rate less than the industry average at -7.66% against -7.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -18.20% this quarter and then drop -15.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.72B as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 1.67B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.81B and 1.69B respectively. In this case, analysts expect current quarter sales to shrink by -5.40% and then drop by -1.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.58%. While earnings are projected to return -7.84% in 2024, the next five years will return 1.00% per annum.
MRO Dividends
Marathon Oil Corporation is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Marathon Oil Corporation is 0.44, with the dividend yield indicating at 1.60 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.61%.
Marathon Oil Corporation (NYSE:MRO)’s Major holders
Marathon Oil Corporation insiders own 0.44% of total outstanding shares while institutional holders control 77.45%, with the float percentage being 77.80%. VANGUARD GROUP INC is the largest shareholder of the company, while 1094.0 institutions own stock in it. As of 2024-06-30, the company held over 68.37 million shares (or 11.8702% of all shares), a total value of $1.96 billion in shares.
The next largest institutional holding, with 42.7 million shares, is of BLACKROCK INC.’s that is approximately 7.4133% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.22 billion.
