Marathon Oil Corporation (NYSE: MRO) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Marathon Oil Corporation Announces Pricing of Offering of $600 Million of Senior Notes Due 2029 and $600 Million of Senior Notes Due 2034.

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Stocks Info

Marathon Oil Corporation is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of Marathon Oil Corporation is $16.36B. A total of 11.37 million shares were traded on the day, compared to an average of 9.87M shares.

In the most recent transaction, WAGNER PATRICK sold 36,094 shares of MRO for 27.65 per share on Mar 27 ’24. After the transaction, the insider now owns 140,829 company shares. In a previous transaction on Mar 25 ’24, Henderson Michael A sold 51,389 shares at 27.59 per share. MRO shares that Executive VP, Operations owns now total 114,828.

Among the insiders who sold shares, Whitehead Dane E disposed of 73,233 shares on Mar 22 ’24 at a per-share price of $27.06. This resulted in the Executive VP and CFO holding 152,008 shares of MRO after the transaction. In another insider transaction, TILLMAN LEE M sold 80,647 shares at $26.94 per share on Mar 19 ’24. Company shares held by the Chairman, President and CEO now total 596,330.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Marathon Oil Corporation pays an annual dividend of $0.42, resulting in a dividend yield of 1.48%, and it has a price to earnings (P/E) ratio of 11.08. MRO’s most recent ex-dividend date was 2/20/2024 when it declared a $0.11 quarterly dividend that was paid in cash on 3/11/2024. Previously, the company paid the dividend on 12/11/2023 with an ex-dividend date of 11/14/2023. The MRO stock dividend was $0.11 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MRO has a high of $29.56 and a low of $21.63.

As of this writing, MRO has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.4. The company reported an EPS of $0.77 in the last quarter, which was 8.50% higher than expectations of $0.71.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MRO’s latest balance sheet shows that the firm has $580.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.01B in debt and $1.64B in liabilities at the time. Its Book Value Per Share was $19.42, while its Total Shareholder’s Equity was $10.69B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MRO is Buy with a score of 4.42.

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