At the time of writing, Marathon Oil Corporation [MRO] stock is trading at $24.66, up 0.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MRO shares have gain 1.69% over the last week, with a monthly amount glided 9.45%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Marathon Oil Corporation Announces Key Officer Promotions. In a post published today on Yahoo Finance, Marathon Oil Corporation (NYSE: MRO) announced today that Rob L. White has been promoted to Executive Vice President and Chief Financial Officer, effective May 1, 2024, and that Zach Dailey, Vice President, Internal Audit, will succeed Mr. White as Vice President, Controller and Chief Accounting Officer, effective May 1, 2024.
From an analyst’s perspective:
Marathon Oil Corporation [NYSE: MRO] stock has seen the most recent analyst activity on December 11, 2023, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $25 from $27. Previously, Goldman upgraded its rating to Neutral on July 12, 2023, and kept the price target unchanged to $25. On April 19, 2023, UBS initiated with a Buy rating and assigned a price target of $33 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $27 on March 23, 2023. The Benchmark Company upgraded its rating to a Buy but $32 remained the price target by the analyst firm on February 16, 2023. Wells Fargo started tracking with a Overweight rating for this stock on January 25, 2023, and assigned it a price target of $41. In a note dated January 24, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $27 to $28.
For the past year, the stock price of Marathon Oil Corporation fluctuated between $20.57 and $29.56. Currently, Wall Street analysts expect the stock to reach $28.33 within the next 12 months. Marathon Oil Corporation [NYSE: MRO] shares were valued at $24.66 at the most recent close of the market. An investor can expect a potential return of 14.88% based on the average MRO price forecast.
Analyzing the MRO fundamentals
According to Marathon Oil Corporation [NYSE:MRO], the company’s sales were 6.41B for trailing twelve months, which represents an -1.12% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.14 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.46 points at the first support level, and at 24.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.86, and for the 2nd resistance point, it is at 25.06.
Marathon Oil Corporation [MRO] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of $0.06 and a surprise factor of 9.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.71 per share, a difference of $0.06 representing a surprise of 8.50%.
Ratios To Look Out For
It is important to note that Marathon Oil Corporation [NYSE:MRO] has a current ratio of 0.40. In addition, the Quick Ratio stands at 0.35 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 1.27 and price to earnings (TTM) ratio is 9.64.
Transactions by insiders
Recent insider trading involved Whitehead Dane E, Executive VP and CFO, that happened on Sep 29 ’23 when 53403.0 shares were sold. Executive VP, Operations, Henderson Michael A completed a deal on Sep 28 ’23 to sell 37000.0 shares. Meanwhile, Executive VP and CFO Whitehead Dane E sold 50000.0 shares on Sep 27 ’23.
