Marathon Oil Corporation [NYSE: MRO] traded at a low on 09/23/22, posting a -10.94 loss after which it closed the day’ session at $21.90. The company report on August 3, 2022 that Marathon Oil Reports Second Quarter 2022 Results.
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Record Quarterly Free Cash Flow and over $1.7 Billion of YTD Shareholder Distributions.
Marathon Oil Corporation (NYSE:MRO) reported second quarter 2022 net income of $966 million, or $1.37 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. Adjusted net income was $934 million, or $1.32 per diluted share. Net operating cash flow was $1,678 million, or $1,586 million before changes in working capital (adjusted CFO). Free cash flow was $1,323 million, or $1,213 million before changes in working capital and including E.G. distributions (adjusted free cash flow).
The results of the trading session contributed to over 15909437 shares changing hands. Over the past one week, the price volatility of Marathon Oil Corporation stands at 5.07% while the volatility over the past one month is 3.96%.
The market cap for MRO stock reached $16.66 billion, with 703.00 million shares outstanding and 676.28 million shares in the current float. Compared to the average trading volume of 15.18M shares, MRO reached a trading volume of 15909437 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $32.74 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 2.30. 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.
Citigroup have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 24, 2022. The new note on the price target was released on April 25, 2022, representing the official price target for Marathon Oil Corporation stock. On February 23, 2022, analysts increased their price target for MRO shares from 22 to 27.
The Average True Range (ATR) for Marathon Oil Corporation is set at 1.23, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 1.53. Price to Free Cash Flow for MRO in the course of the last twelve months was 5.11 with Quick ratio for the last quarter at 1.10.
How has MRO stock performed recently?
Marathon Oil Corporation [MRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.48. With this latest performance, MRO shares dropped by -16.70% in over the last four-week period, additionally sinking by -14.22% over the last 6 months – not to mention a rise of 72.03% 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 32.46, with the RSI for the last a single of trading hit 23.35, and the three-weeks RSI is set at 38.10 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 24.30, while it was recorded at 24.67 for the last single week of trading, and 23.33 for the last 200 days.
Marathon Oil Corporation [MRO]: Deeper insight into the fundamentals
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 1.20.
Earnings analysis for Marathon Oil Corporation [MRO]
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 17.55%.
Insider trade positions for Marathon Oil Corporation [MRO]
There are presently around $11,680 million, or 78.80% of MRO stock, in the hands of institutional investors. The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 81,121,814, which is approximately -4.348% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 53,535,686 shares of the stock with an approximate value of $1.17 billion in MRO stocks shares; and STATE STREET CORP, currently with $1.04 billion in MRO stock with ownership of nearly -2.18% of the company’s market capitalization.
Positions in Marathon Oil Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 354 institutional holders increased their position in Marathon Oil Corporation [NYSE:MRO] by around 56,145,748 shares. Additionally, 373 investors decreased positions by around 96,347,337 shares, while 113 investors held positions by with 380,854,775 shares. The mentioned changes placed institutional holdings at 533,347,860 shares, according to the latest SEC report filing. MRO stock had 108 new institutional investments in for a total of 9,845,354 shares, while 82 institutional investors sold positions of 7,391,672 shares during the same period.