Currently, there are 577.00M common shares owned by the public and among those 574.93M shares have been available to trade.
The company’s stock has a 5-day price change of -3.89% and 24.10% over the past three months. MRO shares are trading 14.45% year to date (YTD), with the 12-month market performance up to 13.93% higher. It has a 12-month low price of $21.63 and touched a high of $30.06 over the same period. MRO has an average intraday trading volume of 9.91 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 -3.13%, 5.93%, and 8.20% respectively.
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Institutional ownership of Marathon Oil Corporation (NYSE: MRO) shares accounts for 78.05% of the company’s 577.00M shares outstanding.
It has a market capitalization of $15.96B and a beta (3y monthly) value of 2.21. The stock’s trailing 12-month PE ratio is 10.81, 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 2.83% over the week and 2.16% over the month.
Earnings per share for the fiscal year are expected to increase by 7.24%, and 13.90% 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. Barclays stated their Overweight rating for the stock in a research note on April 10, 2024, with the firm’s price target at $35. Argus coverage for the Marathon Oil Corporation (MRO) stock in a research note released on March 14, 2024 offered a Buy rating with a price target of $31. Morgan Stanley was of a view on December 11, 2023 that the stock is Equal-Weight, while Goldman gave the stock Neutral rating on July 12, 2023, issuing a price target of $25. UBS on their part issued Buy rating on April 19, 2023.
