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NYSE:MRO

Marathon Oil (MRO) Stock Price, News & Analysis

$29.72
+0.26 (+0.88%)
(As of 11:33 AM ET)
Today's Range
$29.70
$30.06
50-Day Range
$22.32
$29.69
52-Week Range
$21.63
$30.06
Volume
2.74 million shs
Average Volume
9.81 million shs
Market Capitalization
$16.98 billion
P/E Ratio
11.61
Dividend Yield
1.48%
Price Target
$32.61

Marathon Oil MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
9.7% Upside
$32.61 Price Target
Short Interest
Healthy
2.59% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.26
Upright™ Environmental Score
News Sentiment
0.66mentions of Marathon Oil in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$7.64 M Sold Last Quarter
Proj. Earnings Growth
14.45%
From $2.63 to $3.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.05 out of 5 stars

Oils/Energy Sector

25th out of 726 stocks

Crude Petroleum & Natural Gas Industry

7th out of 228 stocks

MRO stock logo

About Marathon Oil Stock (NYSE:MRO)

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.

MRO Stock Price History

MRO Stock News Headlines

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Company News for Apr 11, 2024
Marathon Oil (NYSE:MRO) Research Coverage Started at Barclays
Marathon Oil (NYSE:MRO) Reaches New 12-Month High at $29.69
MRO May 2024 27.500 put
Smart Money Is Betting Big In MRO Options
Marathon Oil: Strong Setup For 2024
MRO Apr 2024 27.000 put
APA Apr 2024 30.000 put
20 Most Populated Countries in Asia
See More Headlines
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Company Calendar

Ex-Dividend for 3/11 Dividend
2/20/2024
Last Earnings
2/22/2024
Dividend Payable
3/11/2024
Today
4/11/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

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
$32.61
High Stock Price Target
$45.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
16 Analysts

Profitability

Net Income
$1.55 billion
Pretax Margin
29.83%

Debt

Sales & Book Value

Annual Sales
$6.70 billion
Cash Flow
$6.49 per share
Book Value
$19.15 per share

Miscellaneous

Free Float
569,077,000
Market Cap
$16.83 billion
Optionable
Optionable
Beta
2.22

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Should I Buy Marathon Oil Stock? MRO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Marathon Oil Co.:

  • Marathon Oil has a dividend yield of 1.60%, providing investors with a steady income stream.
  • Institutional investors and hedge funds own 77.24% of Marathon Oil's stock, indicating confidence from large financial entities.
  • Recent analyst upgrades, with multiple firms raising their price targets and ratings on Marathon Oil, signaling positive sentiment in the market.
  • Marathon Oil's stock price has shown resilience and potential for growth, making it an attractive investment opportunity.
  • The company's diversified operations in exploration, production, and marketing of oil and gas products offer stability and growth potential in the energy sector.

Cons

Investors should be bearish about investing in Marathon Oil Co. for these reasons:

  • Volatility in oil prices can impact Marathon Oil's profitability and stock performance, as the company is heavily reliant on the energy market.
  • Fluctuations in global demand for oil and gas products may affect Marathon Oil's revenue and earnings, leading to uncertainty for investors.
  • Environmental regulations and concerns surrounding fossil fuel usage could pose challenges to Marathon Oil's operations and future growth prospects.
  • Geopolitical tensions and events in oil-producing regions can disrupt Marathon Oil's supply chain and operations, impacting financial performance.
  • The oil and gas industry is subject to cyclical trends, and economic downturns or market shifts can influence Marathon Oil's stock value and investor returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 2, 2024. Please send any questions or comments about these Marathon Oil pros and cons to contact@marketbeat.com.

MRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Marathon Oil stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Oil in the last twelve months. There are currently 4 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRO shares.
View MRO analyst ratings
or view top-rated stocks.

What is Marathon Oil's stock price target for 2024?

16 equities research analysts have issued twelve-month price targets for Marathon Oil's shares. Their MRO share price targets range from $25.00 to $45.00. On average, they expect the company's stock price to reach $32.61 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
View analysts price targets for MRO
or view top-rated stocks among Wall Street analysts.

How have MRO shares performed in 2024?

Marathon Oil's stock was trading at $24.16 at the beginning of the year. Since then, MRO shares have increased by 23.0% and is now trading at $29.72.
View the best growth stocks for 2024 here
.

When is Marathon Oil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our MRO earnings forecast
.

How can I listen to Marathon Oil's earnings call?

Marathon Oil will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Marathon Oil's earnings last quarter?

Marathon Oil Co. (NYSE:MRO) posted its quarterly earnings results on Thursday, February, 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The oil and gas producer had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Marathon Oil had a net margin of 23.20% and a trailing twelve-month return on equity of 14.09%. The company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS.
Read the conference call transcript
.

How often does Marathon Oil pay dividends? What is the dividend yield for Marathon Oil?

Marathon Oil announced a quarterly dividend on Wednesday, January 31st. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.11 per share on Monday, March 11th. This represents a $0.44 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, February 20th.
Read our dividend analysis for MRO
.

Is Marathon Oil a good dividend stock?

Marathon Oil (NYSE:MRO) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.48%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRO will have a dividend payout ratio of 14.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRO.

How will Marathon Oil's stock buyback program work?

Marathon Oil announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 1st 2023, which allows the company to buyback $2,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

What is Lee Tillman's approval rating as Marathon Oil's CEO?

132 employees have rated Marathon Oil Chief Executive Officer Lee Tillman on Glassdoor.com. Lee Tillman has an approval rating of 56% among the company's employees. This puts Lee Tillman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Marathon Oil own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Oil investors own include Bank of America (BAC), Exxon Mobil (XOM), Intel (INTC), NVIDIA (NVDA), Ford Motor (F), General Electric (GE), Marathon Petroleum (MPC), AT&T (T), Micron Technology (MU) and Chevron (CVX).

Who are Marathon Oil's major shareholders?

Marathon Oil's stock is owned by many different retail and institutional investors. Top institutional shareholders include Meyer Handelman Co. (0.04%), Deane Retirement Strategies Inc. (0.03%), Alaska Permanent Fund Corp (0.02%), Czech National Bank (0.02%), Symmetry Partners LLC (0.02%) and Polianta Ltd (0.01%). Insiders that own company stock include Dane E Whitehead, Gary Eugene Wilson, Lee M Tillman, Lee M Tillman, Michael A Henderson, Patrick Wagner and Rob L White.
View institutional ownership trends
.

How do I buy shares of Marathon Oil?

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.

Does Marathon Oil have any subsidiaries?
The following companies are subsidiares of Marathon Oil: AMPCO Marketing L.L.C., AMPCO Services L.L.C., Alba Associates LLC, Alba Equatorial Guinea Partnership L.P., Alba Plant LLC, Atlantic Methanol Associates LLC, Atlantic Methanol Production Company LLC, E.G. Global LNG Services Ltd., Equatorial Guinea LNG Company S.A., Equatorial Guinea LNG Holdings Limited, Equatorial Guinea LNG Operations S.A., Equatorial Guinea LNG Train 1 S.A., Globex Energy Inc, Marathon E.G. Alba Limited, Marathon E.G. Holding Limited, Marathon E.G. International Limited, Marathon E.G. LNG Holding Limited, Marathon E.G. LPG Limited, Marathon E.G. Production Limited, Marathon Eagle Ford Midstream LLC, Marathon East Texas Holdings LLC, Marathon International Investment LLC, Marathon International Oil Angola Block 31 Limited, Marathon International Oil Company, Marathon International Oil Holdings LLC, Marathon Oil (East Texas) L.P., Marathon Oil (West Texas) L.P., Marathon Oil Company, Marathon Oil Corporation, Marathon Oil Dutch Holdings B.V., Marathon Oil EF II LLC, Marathon Oil EF LLC, Marathon Oil Holdings Limited, Marathon Oil Investment LLC, Marathon Oil KDV B.V., Marathon Oil Permian LLC, Marathon West Texas Holdings LLC, PayRock Energy, Pennaco Energy, and Pennaco Energy Inc..
Read More
This page (NYSE:MRO) was last updated on 4/12/2024 by MarketBeat.com Staff

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