Free Trial
NYSE:MRO

Marathon Oil (MRO) Stock Price, News & Analysis

Marathon Oil logo
$28.92 +0.17 (+0.59%)
(As of 11/20/2024 ET)

About Marathon Oil Stock (NYSE:MRO)

Key Stats

Today's Range
$28.67
$29.00
50-Day Range
$25.87
$29.10
52-Week Range
$21.81
$30.06
Volume
3.67 million shs
Average Volume
7.93 million shs
Market Capitalization
$16.18 billion
P/E Ratio
12.41
Dividend Yield
1.52%
Price Target
$30.94
Consensus Rating
Moderate Buy

Company Overview

Marathon Oil Corporation is a leading independent exploration and production (E&P) company focused on delivering sustainable energy solutions for the future. Headquartered in Houston, Texas, Marathon Oil operates in the United States, Equatorial Guinea, and the United Kingdom. The company's mission is to produce oil and gas safely, responsibly, and efficiently while minimizing the environmental impact of its operations.

Marathon Oil's products and services include exploring, developing, and producing oil, natural gas, and natural gas liquids. The company's target market consists of diverse customers, including wholesalers, distributors, and other end-users. Marathon Oil's key customers include refining and marketing companies, utilities, and industrial customers.

The company has achieved several key milestones and received numerous awards for its commitment to safety, sustainability, and operational excellence. In 2020, Marathon Oil was recognized as one of the World's Most Ethical Companies by the Ethisphere Institute. Newsweek also named the company one of America's Most Responsible Companies in 2021.

The Marathon Oil management team is led by Chief Executive Officer Lee M. Tillman, who has over 30 years of experience in the oil and gas industry. Tillman was appointed CEO in 2013. Under his leadership, the company has successfully transformed its business model to generate sustainable free cash flow while maintaining a strong balance sheet. Other key management team members include Chief Financial Officer Dane Whitehead, who joined the company in 2021 and Chief Operating Officer Mark Scott. 

Marathon Oil's financial performance has been strong over the past few years, recovering well from the 2020 collapse of crude oil prices. The company has also maintained a healthy balance sheet, with total assets substantial enough to cover liabilities. 

Marathon Oil is trading at a price-to-earnings ratio higher than industry averages. The company's price-to-book ratio (P/B) is lower than industry averages. These valuation metrics indicate that the market has priced the company's future earnings growth at a discount compared to its peers.

Marathon Oil Corporation has had a relatively strong performance in the stock market in recent years, with its stock price increasing yearly since the 2020 crude oil price collapse. However, since then, the stock price has fluctuated and has been impacted by factors, including global oil prices and geopolitical events. Marathon Oil Corporation has recently experienced volatility in its stock price due to concerns over rising inflation and the potential for higher interest rates. 

Marathon Oil Corporation operates in the energy sector, specifically in the exploration, production, and sale of crude oil and natural gas. The industry has faced various challenges recently, including declines in oil prices and the ongoing shift towards renewable energy sources. However, the industry has shown some signs of recovery in recent years, with increased demand for energy due to economic growth and increased industrial activity.

Marathon Oil Corporation operates in a highly competitive industry, with other significant players including ExxonMobil, Chevron, and ConocoPhillips. The company has a competitive advantage in extracting oil and gas from unconventional sources, such as shale formations. Additionally, the company has a diverse portfolio of assets across several geographies, which helps to mitigate risks associated with changes in global oil prices or geopolitical events.

Marathon Oil Corporation has several potential growth opportunities, including developing new oil and gas fields, expanding into new geographies, and increasing investment in renewable energy sources. The company has already made significant progress in expanding its operations in the US shale regions, which has helped to increase production and reduce costs.

Additionally, the company has invested in renewable energy sources, such as wind and solar power, which could diversify its revenue streams and mitigate risks associated with changes in oil prices. Marathon Oil Corporation has a strong balance sheet and financial position, which could enable the company to pursue strategic acquisitions or partnerships to grow its business further.

Marathon Oil Corporation faces several risks and challenges, including the potential for declining demand for oil and gas due to the increased adoption of renewable energy sources. Additionally, the company operates in a highly regulated industry, with changes in government policies or regulations potentially impacting its operations or profitability.

Marathon Oil Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

MRO MarketRank™: 

Marathon Oil scored higher than 80% of companies evaluated by MarketBeat, and ranked 79th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Marathon Oil has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 8 buy ratings, 9 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Marathon Oil has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Marathon Oil's stock forecast and price target.
  • Earnings Growth

    Earnings for Marathon Oil are expected to decrease by -4.27% in the coming year, from $2.34 to $2.24 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Marathon Oil is 12.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Marathon Oil is 12.41, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.36.

  • Price to Book Value per Share Ratio

    Marathon Oil has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Marathon Oil's valuation and earnings.
  • Percentage of Shares Shorted

    1.49% of the float of Marathon Oil has been sold short.
  • Short Interest Ratio / Days to Cover

    Marathon Oil has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Marathon Oil has recently decreased by 2.80%, indicating that investor sentiment is improving.
  • Dividend Yield

    Marathon Oil pays a meaningful dividend of 1.52%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Marathon Oil does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Marathon Oil is 18.88%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Marathon Oil will have a dividend payout ratio of 19.64% next year. This indicates that Marathon Oil will be able to sustain or increase its dividend.

  • Read more about Marathon Oil's dividend.
  • Percentage of Shares Shorted

    1.49% of the float of Marathon Oil has been sold short.
  • Short Interest Ratio / Days to Cover

    Marathon Oil has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Marathon Oil has recently decreased by 2.80%, indicating that investor sentiment is improving.
  • News Sentiment

    Marathon Oil has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Marathon Oil this week, compared to 9 articles on an average week.
  • Search Interest

    20 people have searched for MRO on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Marathon Oil to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Marathon Oil insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,964,251.00 in company stock.

  • Percentage Held by Insiders

    Only 0.35% of the stock of Marathon Oil is held by insiders.

  • Percentage Held by Institutions

    77.24% of the stock of Marathon Oil is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Marathon Oil's insider trading history.
Receive MRO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Marathon Oil and its competitors with MarketBeat's FREE daily newsletter.

MRO Stock News Headlines

Barclays Sticks to Its Buy Rating for Marathon Oil (MRO)
Trump’s IRS Hands Massive ‘Victory Gift’ To 401K Owners
The "Fake Media" has completely ignored Trump's genius "victory gift" to all America First patriots like you. A tax-free gift so powerful it could reshape the financial destinies of millions of IRA and 401(k) owners…
Expert Outlook: Marathon Oil Through The Eyes Of 10 Analysts
Marathon Oil price target lowered to $34 from $37 at Piper Sandler
See More Headlines

MRO Stock Analysis - Frequently Asked Questions

Marathon Oil's stock was trading at $24.16 at the beginning of the year. Since then, MRO shares have increased by 19.7% and is now trading at $28.92.
View the best growth stocks for 2024 here
.

Marathon Oil Co. (NYSE:MRO) released its earnings results on Wednesday, November, 6th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm's quarterly revenue was down 1.2% on a year-over-year basis.

Marathon Oil's board approved a share repurchase program on Wednesday, November 1st 2023, which authorizes the company to repurchase $2,500,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 14.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Marathon Oil subsidiaries include PayRock Energy, Globex Energy Inc, Pennaco Energy, Alba Associates LLC, Alba Equatorial Guinea Partnership L.P., Alba Plant LLC, AMPCO Marketing L.L.C., and others.

Marathon Oil's top institutional investors include State Street Corp (6.49%), Pacer Advisors Inc. (2.63%), Geode Capital Management LLC (2.38%) and Hotchkis & Wiley Capital Management LLC (1.45%). Insiders that own company stock include Lee M Tillman, Patrick Wagner, Dane E Whitehead, Michael A Henderson, Rob L White and Gary Eugene Wilson.
View institutional ownership trends
.

Shares of MRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Marathon Oil investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), NVIDIA (NVDA), Humana (HUM), Comcast (CMCSA), Charles Schwab (SCHW) and McKesson (MCK).

Company Calendar

Ex-Dividend for 9/10 Dividend
8/21/2024
Dividend Payable
9/10/2024
Last Earnings
11/06/2024
Ex-Dividend for 12/10 Dividend
11/15/2024
Today
11/20/2024
Dividend Payable
12/10/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/19/2025

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
56584910
Employees
1,681
Year Founded
1887

Price Target and Rating

Average Stock Price Target
$30.94
High Stock Price Target
$37.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+7.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
18 Analysts

Profitability

Net Income
$1.55 billion
Pretax Margin
25.71%

Debt

Sales & Book Value

Annual Sales
$6.70 billion
Cash Flow
$6.47 per share
Book Value
$20.44 per share

Miscellaneous

Free Float
557,452,000
Market Cap
$16.18 billion
Optionable
Optionable
Beta
2.16

Social Links

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

This page (NYSE:MRO) was last updated on 11/21/2024 by MarketBeat.com Staff
From Our Partners