Currently, there are 577.00M common shares owned by the public and among those 574.67M shares have been available to trade.
However, the script later moved the day high at 26.70, up 0.95%. The company’s stock has a 5-day price change of 7.15% and 10.78% over the past three months. MRO shares are trading 9.73% year to date (YTD), with the 12-month market performance up to 24.69% higher. 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 9.83 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 8.80%, 12.84%, and 6.49% respectively.
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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 $15.30B and a beta (3y monthly) value of 2.22. The stock’s trailing 12-month PE ratio is 10.36, 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 1.81% over the week and 2.22% over the month.
Analysts forecast that Marathon Oil Corporation (MRO) will achieve an EPS of $0.54 for the current quarter, $0.6 for the next quarter and $3.1 for 2025. The lowest estimate earnings-per-share for the quarter is $0.4 while analysts give the company a high EPS estimate of $0.78. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.78%, and 17.08% 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. Argus stated their Buy rating for the stock in a research note on March 14, 2024, with the firm’s price target at $31. Morgan Stanley coverage for the Marathon Oil Corporation (MRO) stock in a research note released on December 11, 2023 offered a Equal-Weight rating with a price target of $25. Goldman was of a view on July 12, 2023 that the stock is Neutral, while UBS gave the stock Buy rating on April 19, 2023, issuing a price target of $33. Citigroup on their part issued Buy rating on March 23, 2023.
