There’s No Need To Panic Or Freeze When It Comes To Marathon Oil Corporation (NYSE: MRO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Marathon Oil Schedules First Quarter 2024 Earnings Release and Conference Call.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. The current market capitalization of Marathon Oil Corporation is $16.62B. A total of 10.13 million shares were traded on the day, compared to an average of 9.96M 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 dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Marathon Oil Corporation pays an annual dividend of $0.42, resulting in a dividend yield of 1.46%, and it has a price to earnings (P/E) ratio of 11.25. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 $0.55 per share for the current quarter. EPS was calculated based on a consensus of 20 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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