Marathon Oil Corporation [NYSE: MRO] jumped around 0.37 points on Monday, while shares priced at $24.15 at the close of the session, up 1.56%. The company report on February 21, 2024 at 4:30 PM that Marathon Oil Announces 2024 Capital Budget and Reports Fourth Quarter and Full-Year 2023 Results.
Delivered $1.7 Billion of Shareholder Returns and $500 Million of Gross Debt Reduction.
Marathon Oil Corporation (NYSE: MRO) reported full-year 2023 net income of $1,554 million, or $2.56 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 $1,587 million, or $2.61 per diluted share. Net operating cash flow was $4,087 million, or $4,187 million before changes in working capital (adjusted CFO). Free cash flow was $2,029 million, or $2,182 million before changes in working capital and including Equatorial Guinea (E.G.) distributions (adjusted FCF).
Compared to the average trading volume of 9.76M shares, MRO reached a trading volume of 11490115 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 $30.84 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 1.93. 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.
Morgan Stanley have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 11, 2023. The new note on the price target was released on July 12, 2023, representing the official price target for Marathon Oil Corporation stock. Previously, the target price had yet another raise to $33, while UBS analysts kept a Buy rating on MRO stock.
The Average True Range (ATR) for Marathon Oil Corporation is set at 0.61, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 0.27. Price to Free Cash Flow for MRO in the course of the last twelve months was 6.87 with Quick ratio for the last quarter at 0.35.
How has MRO stock performed recently?
Marathon Oil Corporation [MRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.29. With this latest performance, MRO shares gained by 4.41% in over the last four-week period, additionally sinking by -5.37% over the last 6 months – not to mention a drop of -5.22% 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 62.24, with the RSI for the last a single of trading hit 69.14, and the three-weeks RSI is set at 57.03 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 23.43, while it was recorded at 23.75 for the last single week of trading, and 24.78 for the last 200 days.
Marathon Oil Corporation [MRO]: Deeper insight into the fundamentals
Marathon Oil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.35 and a Current Ratio set at 0.40.
Earnings analysis for Marathon Oil Corporation [MRO]
With the latest financial reports released by the company, Marathon Oil Corporation posted 0.67/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.70%. 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 -8.79%.
Insider trade positions for Marathon Oil Corporation [MRO]
The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MRO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MRO stock with ownership which is approximately 5.8325%.
