Monday, March 1, 2021

Marathon Oil Corporation [MRO] is 19.04% higher this YTD. Is it still time to buy?

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Marathon Oil Corporation [NYSE: MRO] price surged by 1.66 percent to reach at $0.13. The company report on January 28, 2021 that Marathon Oil Announces Executive Compensation Changes and GHG Emissions Intensity Reduction Initiatives.

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Marathon Oil Corporation (NYSE: MRO) announced an update regarding its environmental, social, and governance (ESG) performance, including significant changes to its executive compensation framework as well as new quantitative greenhouse gas (GHG) emissions reduction initiatives. The Company believes continuously improving all elements of its ESG performance is essential to successfully executing its long-term strategy of maximizing shareholder value, including the delivery of strong financial returns and sustainable free cash flow while maintaining a solid balance sheet and returning capital to shareholders.


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Highlights.

A sum of 18320903 shares traded at recent session while its average daily volume was at 30.37M shares. Marathon Oil Corporation shares reached a high of $8.10 and dropped to a low of $7.8801 until finishing in the latest session at $7.94.

The one-year MRO stock forecast points to a potential upside of 13.79. The average equity rating for MRO stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Marathon Oil Corporation [MRO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRO shares is $9.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRO stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Siebert Williams Shank have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 22, 2021. The new note on the price target was released on January 14, 2021, representing the official price target for Marathon Oil Corporation stock. On January 12, 2021, analysts increased their price target for MRO shares from 6 to 11.

The Average True Range (ATR) for Marathon Oil Corporation is set at 0.44, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 0.58. Price to Free Cash Flow for MRO in the course of the last twelve months was 10.40 with Quick ratio for the last quarter at 1.20.

MRO Stock Performance Analysis:

Marathon Oil Corporation [MRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.67. With this latest performance, MRO shares gained by 5.87% in over the last four-week period, additionally plugging by 39.79% over the last 6 months – not to mention a drop of -33.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRO stock in for the last two-week period is set at 56.90, with the RSI for the last a single of trading hit 57.72, and the three-weeks RSI is set at 57.43 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 7.20, while it was recorded at 7.65 for the last single week of trading, and 5.79 for the last 200 days.

Insight into Marathon Oil Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Marathon Oil Corporation [MRO] shares currently have an operating margin of +10.53 and a Gross Margin at +23.70. Marathon Oil Corporation’s Net Margin is presently recorded at +9.48.

Return on Total Capital for MRO is now 3.00, given the latest momentum, and Return on Invested Capital for the company is 2.71. Return on Equity for this stock inclined to 3.95, with Return on Assets sitting at 2.31. When it comes to the capital structure of this company, Marathon Oil Corporation [MRO] has a Total Debt to Total Equity ratio set at 46.98. Additionally, MRO Total Debt to Total Capital is recorded at 31.96, with Total Debt to Total Assets ending up at 28.20. Long-Term Debt to Equity for the company is recorded at 46.14, with the Long-Term Debt to Total Capital now at 31.40.

Reflecting on the efficiency of the workforce at the company, Marathon Oil Corporation [MRO] managed to generate an average of $240,000 per employee. Receivables Turnover for the company is 4.60 with a Total Asset Turnover recorded at a value of 0.24.Marathon Oil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

MRO Stock EPS

With the latest financial reports released by the company, Marathon Oil Corporation posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -30.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRO.

Marathon Oil Corporation [MRO] Insider Position Details

There are presently around $4,206 million, or 70.30% of MRO stock, in the hands of institutional investors. The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 75,499,955, which is approximately -14.322% of the company’s market cap and around 0.27% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 63,432,211 shares of the stock with an approximate value of $503.65 million in MRO stocks shares; and STATE STREET CORP, currently with $409.88 million in MRO stock with ownership of nearly 4.426% of the company’s market capitalization.

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Positions in Marathon Oil Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 221 institutional holders increased their position in Marathon Oil Corporation [NYSE:MRO] by around 61,277,526 shares. Additionally, 275 investors decreased positions by around 80,496,267 shares, while 108 investors held positions by with 387,920,223 shares. The mentioned changes placed institutional holdings at 529,694,016 shares, according to the latest SEC report filing. MRO stock had 67 new institutional investments in for a total of 3,550,840 shares, while 86 institutional investors sold positions of 11,498,482 shares during the same period.

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