Currently, there are 577.00M common shares owned by the public and among those 574.81M shares have been available to trade.
Insiders at the company have transacted a total of 17 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 237,847 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 504,727 shares.
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However, the script later moved the day high at 24.58, down -0.08%. The company’s stock has a 5-day price change of -0.21% and -4.72% over the past three months. MRO shares are trading 0.33% year to date (YTD), with the 12-month market performance down to -8.63% lower. It has a 12-month low price of $20.57 and touched a high of $29.56 over the same period. MRO has an average intraday trading volume of 9.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.83%, 3.50%, and -2.35% respectively.
Institutional ownership of Marathon Oil Corporation (NYSE: MRO) shares accounts for 78.40% of the company’s 577.00M shares outstanding.
It has a market capitalization of $13.99B and a beta (3y monthly) value of 2.22. The stock’s trailing 12-month PE ratio is 9.47, while the earnings-per-share (ttm) stands at $2.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.90% over the week and 2.34% over the month.
Analysts forecast that Marathon Oil Corporation (MRO) will achieve an EPS of $0.54 for the current quarter, $0.59 for the next quarter and $3.1 for 2025. The lowest estimate earnings-per-share for the quarter is $0.44 while analysts give the company a high EPS estimate of $0.66. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to increase by 1.45%, and 14.57% over the next financial year. EPS should shrink at an annualized rate of -8.79% over the next five years, compared to 14.58% over the past 5-year period.
Looking at the support for the MRO, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on December 11, 2023, with the firm’s price target at $27-$25. Goldman coverage for the Marathon Oil Corporation (MRO) stock in a research note released on July 12, 2023 offered a Neutral rating with a price target of $25. UBS was of a view on April 19, 2023 that the stock is Buy, while Citigroup gave the stock Buy rating on March 23, 2023, issuing a price target of $27. The Benchmark Company on their part issued Buy rating on February 16, 2023.
