Marathon Oil Corporation [NYSE: MRO] plunged by -$0.15 during the normal trading session on Monday and reaching a high of $12.29 during the day while it closed the day at $12.05. The company report on February 23, 2021 that Marathon Oil Announces 2021 Capital Budget and Reports Fourth Quarter and Full Year 2020 Results.
$1B Maintenance Budget Continues to Prioritize FCF and Balance Sheet Strength.
Marathon Oil Corporation (NYSE:MRO) reported a fourth quarter 2020 net loss of $338 million, or $0.43 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The adjusted net loss was $98 million, or $0.12 per diluted share. Net operating cash flow was $418 million, or $428 million before changes in working capital.
Marathon Oil Corporation stock has also loss -2.67% of its value over the past 7 days. However, MRO stock has inclined by 65.07% in the 3 months of the year. Over the past six months meanwhile, it has gained 169.57% and gained 80.66% year-on date.
The market cap for MRO stock reached $9.75 billion, with 792.00 million shares outstanding and 787.30 million shares in the current float. Compared to the average trading volume of 28.41M shares, MRO reached a trading volume of 19459667 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $11.48 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 2.60. 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 Hold, with their previous recommendation back on March 04, 2021. The new note on the price target was released on January 22, 2021, representing the official price target for Marathon Oil Corporation stock.
The Average True Range (ATR) for Marathon Oil Corporation is set at 0.69, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 3.17. The Price to Book ratio for the last quarter was 0.90. Price to Free Cash Flow for MRO in the course of the last twelve months was 147.73 with Quick ratio for the last quarter at 1.30.
MRO stock trade performance evaluation
Marathon Oil Corporation [MRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.67. With this latest performance, MRO shares gained by 37.71% in over the last four-week period, additionally plugging by 169.57% over the last 6 months – not to mention a rise of 166.00% 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 62.96, with the RSI for the last a single of trading hit 59.46, and the three-weeks RSI is set at 64.23 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 9.30, while it was recorded at 12.20 for the last single week of trading, and 6.44 for the last 200 days.
Marathon Oil Corporation [MRO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Marathon Oil Corporation [MRO] shares currently have an operating margin of -33.10 and a Gross Margin at -17.79. Marathon Oil Corporation’s Net Margin is presently recorded at -46.85.
Return on Total Capital for MRO is now -6.04, given the latest momentum, and Return on Invested Capital for the company is -8.59. Return on Equity for this stock declined to -12.78, with Return on Assets sitting at -7.60. When it comes to the capital structure of this company, Marathon Oil Corporation [MRO] has a Total Debt to Total Equity ratio set at 52.47. Additionally, MRO Total Debt to Total Capital is recorded at 34.41, with Total Debt to Total Assets ending up at 30.86. Long-Term Debt to Equity for the company is recorded at 51.80, with the Long-Term Debt to Total Capital now at 33.98.
Reflecting on the efficiency of the workforce at the company, Marathon Oil Corporation [MRO] managed to generate an average of -$867,823 per employee. Receivables Turnover for the company is 3.31 with a Total Asset Turnover recorded at a value of 0.16.Marathon Oil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for Marathon Oil Corporation [MRO] stock
With the latest financial reports released by the company, Marathon Oil Corporation posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -14.30%. 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 Ownership positions
There are presently around $6,499 million, or 71.40% of MRO stock, in the hands of institutional investors. The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 83,511,702, which is approximately 10.612% of the company’s market cap and around 0.40% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 63,899,061 shares of the stock with an approximate value of $769.98 million in MRO stocks shares; and STATE STREET CORP, currently with $640.35 million in MRO stock with ownership of nearly 2.942% of the company’s market capitalization.
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 246 institutional holders increased their position in Marathon Oil Corporation [NYSE:MRO] by around 53,172,894 shares. Additionally, 264 investors decreased positions by around 44,723,051 shares, while 100 investors held positions by with 441,413,468 shares. The mentioned changes placed institutional holdings at 539,309,413 shares, according to the latest SEC report filing. MRO stock had 93 new institutional investments in for a total of 13,812,186 shares, while 75 institutional investors sold positions of 9,801,019 shares during the same period.