Marathon Oil Corporation (NYSE:MRO) price closed lower on Tuesday, April 16, dropping -1.46% below its previous close.
A look at the daily price movement shows that the last close reads $28.77. The company’s P/E ratio in the trailing 12-month period read 11.08. Taking into account the 52-week price action we note that the stock hit a 52-week high of $30.06 and 52-week low of $21.63. The stock added 6.94% on its value in the past month.
Marathon Oil Corporation, which has a market valuation of $16.36 billion. The company stock has a Forward Dividend ratio of 0.42, while the dividend yield is 1.48%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MRO a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that MRO’s price is at present -0.15% off the SMA20 and 10.38% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.15, with weekly volatility standing at 2.66%. The indicator jumps to 1.96% when calculated based on the past 30 days. Marathon Oil Corporation (NYSE:MRO)’s beta value is holding at 2.21, while the average true range (ATR) indicator is currently reading 0.60.
An analysis of the Marathon Oil Corporation (NYSE:MRO) stock in terms of its daily trading volume indicates that the 3-month average is 9.89 million.
Current records show that the company has 577.00M in outstanding shares. The insiders’ percentage holdings are 0.39% of outstanding shares while the percentage share held by institutions stands at 78.10%. But the 17.34% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
