Marathon Oil Corporation [MRO] is 71.44% higher this YTD. Is it still time to buy?

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Marathon Oil Corporation [NYSE: MRO] gained 1.70% on the last trading session, reaching $28.15 price per share at the time. The company report on May 4, 2022 that Marathon Oil Reports First Quarter 2022 Results.

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Marathon Oil Corporation (NYSE:MRO) reported first quarter 2022 net income of $1,304 million, or $1.78 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 income was $749 million, or $1.02 per diluted share. Net operating cash flow was $1,067 million, or $1,280 million before changes in working capital.

Marathon Oil Corporation represents 730.00 million in outstanding shares, while the company has a total market value of $19.89 billion with the latest information. MRO stock price has been found in the range of $27.00 to $28.38.

If compared to the average trading volume of 21.87M shares, MRO reached a trading volume of 36107971 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $32.68 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 2.20. 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.

Susquehanna have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Positive, with their previous recommendation back on April 25, 2022. The new note on the price target was released on March 02, 2022, representing the official price target for Marathon Oil Corporation stock. Previously, the target price had yet another raise from $22 to $27, while Piper Sandler kept a Overweight rating on MRO stock.

The Average True Range (ATR) for Marathon Oil Corporation is set at 1.28, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 3.22. The Price to Book ratio for the last quarter was 1.81. Price to Free Cash Flow for MRO in the course of the last twelve months was 8.48 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for MRO stock

Marathon Oil Corporation [MRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.96. With this latest performance, MRO shares gained by 15.27% in over the last four-week period, additionally plugging by 69.89% over the last 6 months – not to mention a rise of 136.75% 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 65.16, with the RSI for the last a single of trading hit 70.02, and the three-weeks RSI is set at 63.04 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 24.84, while it was recorded at 26.94 for the last single week of trading, and 17.94 for the last 200 days.

Marathon Oil Corporation [MRO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Marathon Oil Corporation [MRO] shares currently have an operating margin of +27.26 and a Gross Margin at +38.17. Marathon Oil Corporation’s Net Margin is presently recorded at +16.89.

Return on Equity for this stock inclined to 8.90, with Return on Assets sitting at 5.41.

Marathon Oil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Marathon Oil Corporation [MRO]: An earnings per share (EPS) analysis

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marathon Oil Corporation go to 10.65%.

An analysis of insider ownership at Marathon Oil Corporation [MRO]

There are presently around $15,576 million, or 79.10% of MRO stock, in the hands of institutional investors. The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 86,650,632, which is approximately -0.327% of the company’s market cap and around 0.30% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 51,781,565 shares of the stock with an approximate value of $1.46 billion in MRO stocks shares; and BLACKROCK INC., currently with $1.35 billion in MRO stock with ownership of nearly 2.126% of the company’s market capitalization.

Positions in Marathon Oil Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 311 institutional holders increased their position in Marathon Oil Corporation [NYSE:MRO] by around 44,265,265 shares. Additionally, 317 investors decreased positions by around 85,885,586 shares, while 110 investors held positions by with 423,164,110 shares. The mentioned changes placed institutional holdings at 553,314,961 shares, according to the latest SEC report filing. MRO stock had 121 new institutional investments in for a total of 13,015,454 shares, while 62 institutional investors sold positions of 11,782,973 shares during the same period.