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S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
How to profit from the new boom in gold (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Critical asset just had biggest fall on record (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
How to profit from the new boom in gold (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Critical asset just had biggest fall on record (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
How to profit from the new boom in gold (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Critical asset just had biggest fall on record (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NYSE:MRO

Marathon Oil (MRO) Stock Price, News & Analysis

$23.98
+0.33 (+1.40%)
(As of 02/22/2024 ET)
Today's Range
$23.12
$24.40
50-Day Range
$22.15
$25.15
52-Week Range
$20.57
$29.56
Volume
17.22 million shs
Average Volume
9.79 million shs
Market Capitalization
$14.03 billion
P/E Ratio
8.88
Dividend Yield
1.83%
Price Target
$31.16

Marathon Oil MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
29.9% Upside
$31.16 Price Target
Short Interest
Healthy
2.25% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.26
Upright™ Environmental Score
News Sentiment
0.79mentions of Marathon Oil in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.35%
From $2.55 to $2.61 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.

4.78 out of 5 stars

Oils/Energy Sector

14th out of 231 stocks

Crude Petroleum & Natural Gas Industry

4th out of 73 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

Marathon Oil stock is the place to be if you need value
Not all stocks are created equal, and this year energy stocks could quickly become the market's favorite. A once-in-a-cycle opportunity to line up your portfolio with all the macro forces at play could be right around the corner.
Marathon Oil stock is the place to be if you need value (MRO)
Fundamental indicators and big bank sentiment show why oil stocks could soon attract a new wave of investors, and Marathon Oil stands out above its peers
Clear Buy, Sell, or Hold Recommendation on any Stock, FREE
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Decoding Marathon Oil Corp (MRO): A Strategic SWOT Insight
Stifel Nicolaus Reaffirms Their Buy Rating on Marathon Oil (MRO)
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
Marathon Oil Beats Profit Estimates on Higher Production
Marathon Oil 4Q Profit Falls As Production Costs Rise
Stocks Slide Ahead of Nvidia’s Earnings
MRO Oct 2024 27.000 call
Marathon Oil Q4 2023 Earnings Preview
MRO Feb 2024 30.000 call
Marathon Oil Corp's Dividend Analysis
Marathon Oil (MRO) to Release Earnings on Wednesday
Market Whales and Their Recent Bets on MRO Options
See More Headlines
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Company Calendar

Ex-Dividend for 12/11 Dividend
11/14/2023
Dividend Payable
12/11/2023
Ex-Dividend for 3/11 Dividend
2/20/2024
Last Earnings
2/21/2024
Today
2/22/2024
Dividend Payable
3/11/2024
Next Earnings (Estimated)
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
1,570
Year Founded
1887

Price Target and Rating

Average Stock Price Target
$31.16
High Stock Price Target
$39.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+29.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$3.61 billion
Pretax Margin
32.07%

Debt

Sales & Book Value

Annual Sales
$8.04 billion
Cash Flow
$7.89 per share
Book Value
$18.00 per share

Miscellaneous

Free Float
582,789,000
Market Cap
$14.03 billion
Optionable
Optionable
Beta
2.22

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Marathon Oil was last updated on Tuesday, February 20, 2024 at 3:50 PM.

Pros

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

  • Marathon Oil reported a strong EPS of $0.77 for the last quarter, surpassing analyst estimates by $0.08. This indicates the company's profitability and potential for growth.
  • The company's dividend payout ratio (DPR) is 16.30%, offering investors a steady income stream through dividends.
  • Marathon Oil's share repurchase plan of $2.50 billion signals that the company's board believes its stock is undervalued, potentially leading to stock price appreciation.
  • Institutional investors like Invesco Ltd. and Wellington Management Group LLP have significantly increased their stakes in Marathon Oil, reflecting confidence in the company's future performance.
  • Marathon Oil's diversified operations in crude oil, natural gas, and related products provide a hedge against market volatility and economic uncertainties.

Cons

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

  • The oil and gas industry is subject to price fluctuations influenced by global supply and demand dynamics, which can impact Marathon Oil's financial performance.
  • Marathon Oil's revenue was down 19.3% on a year-over-year basis, indicating potential challenges in maintaining revenue growth.
  • Market analysts expect Marathon Oil to post 2.55 EPS for the current fiscal year, which may fall short of some investors' expectations.
  • While the dividend yield of 1.93% is attractive, it may not be as high as some investors seek in dividend-paying stocks.
  • Investing in oil and gas exploration companies like Marathon Oil carries inherent risks related to regulatory changes, environmental concerns, and geopolitical factors that can impact operations and profitability.














MRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Marathon Oil stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Oil in the last twelve months. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

12 brokers have issued 1 year price objectives for Marathon Oil's stock. Their MRO share price targets range from $25.00 to $39.00. On average, they anticipate the company's share price to reach $31.16 in the next twelve months. This suggests a possible upside of 29.9% 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 start of the year. Since then, MRO shares have decreased by 0.7% and is now trading at $23.98.
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 were Marathon Oil's earnings last quarter?

Marathon Oil Co. (NYSE:MRO) released its earnings results on Wednesday, February, 21st. The oil and gas producer reported $0.69 EPS for the quarter, beating 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 analysts' expectations of $1.66 billion. Marathon Oil had a trailing twelve-month return on equity of 15.41% and a net margin of 24.96%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share.

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

Marathon Oil declared a quarterly dividend on Wednesday, January 31st. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.11 per share on Monday, March 11th. This represents a $0.44 annualized dividend and a dividend yield of 1.83%. 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 1.90%. 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 16.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRO will have a dividend payout ratio of 16.86% 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 has initiated a share repurchase program on Wednesday, November 1st 2023, which permits the company to repurchase $2,500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 14.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.78%), Hotchkis & Wiley Capital Management LLC (3.31%), Dimensional Fund Advisors LP (1.40%), Pacer Advisors Inc. (1.39%), Northern Trust Corp (1.24%) and Charles Schwab Investment Management Inc. (0.88%). 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 2/23/2024 by MarketBeat.com Staff