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Russell 2000 Futures
Marathon Oil Corporation (MRO)
NYSE - NYSE Delayed Price. Currency in USD
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Marathon Oil Corporation (NYSE:MRO) is rising in popularity among expert financial analysts. On April 21, Truist analyst Neal Dingmann raised his price target on Marathon Oil Corporation (NYSE:MRO) to $41 from $34 and reiterated a Buy rating on the shares.
It’s baffling how bad the opec+ numbers are and yet oil is not clearing 120 or oil stocks are going sideways. Maybe that’s for tomorrow. Yes the broader market sell off is a big culprit for the high quality energy names going sideways but at a certain point oil is going to $120+ (it should already be there based on todays news) and I’d love to see what happens then. There’s no way around it now, it’s here.
Zacs rates MRO a strong buy with an (A) rating. This is going up today
Even if we don't close positive, we are not in trouble. All the news is negative for oil supply and the China lock downs are going to reopen before summer driving gets going full force. Airlines are already feeling the pinch of travelers going places and possibly cruise ships also. Guidance might be down but NOT for long. Hang in there and go with the flo. Positivity will come our way soon enough.
energy markets are getting hammered today by the whales who are getting margin calls on their other investments. This is just temporary and provides a great buying opportunity for the company and others to buy in.
What's it gonna be this week, boys? Up? Feeling good about tomorrow.
Just Sayin':"Is Marathon Oil (MRO) a Great Value Stock Right Now?" Zacks Equity ResearchTue, May 10, 2022, 9:40 AM Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.One stock to keep an eye on is Marathon Oil (MRO). MRO is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 6.29. This compares to its industry's average Forward P/E of 7.89. Over the past year, MRO's Forward P/E has been as high as 30.69 and as low #$%$50, with a median of 9.67.Another valuation metric that we should highlight is MRO's P/B ratio of 1.75. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.63. Over the past year, MRO's P/B has been as high as 1.90 and as low as 0.79, with a median of 1.15.Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. MRO has a P/S ratio of 2.79. This compares to its industry's average P/S of 3.9.StoryIf you're looking for another solid Oil and Gas - Integrated - United States value stock, take a look at Occidental Petroleum (OXY). OXY is a # 2 (Buy) stock with a Value score of A.Shares of Occidental Petroleum currently holds a Forward P/E ratio of 7.39, and its PEG ratio is 0.22. In comparison, its industry sports average P/E and PEG ratios of 7.89 and 0.35.Over the last 12 months, OXY's P/E has been as high as 213.02, as low as -117.16, with a median of 10.86, and its PEG ratio has been as high as 9.92, as low #$%$45, with a median of 0.29.Occidental Petroleum sports a P/B ratio of 5.76 as well; this compares to its industry's price-to-book ratio of 2.63. In the past 52 weeks, OXY's P/B has been as high #$%$76, as low as 2.42, with a median of 3.20.These figures are just a handful of the metrics value investors tend to look at, but they help show that Marathon Oil and Occidental Petroleum are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MRO and OXY feels like a great value stock at the moment."
Im not an options guy. Any on the board. Seems like the hammer pattern will continue. Whats the best way to play these 10% swoons.
This company is minting money at these prices. Where is the money going?? The dividend is weak.
Well, would you look at that, WTI oil is at $108 again. SFB has shut down new permits in the Gulf and Alaska and OPEC+ continues to miss delivery quotas. Lets not forget the loss of Russian oil as well. Tell me again how all this bullish oil news justifies the last dip in oil prices and the MRO pull back from $29...
When will SFB be buying oil to refill the SPR..., I am guessing the purchasing will start November 5th, 2022.
Oil is about to roar back to $120+ 😯
Todays price action gives the company the opportunity to buyback stocks to a discount and therefore be able to buy back more shares.
Lets face it yesterday was a gift........nothing has changed.
I see why oil is down this morning, G7 Nations pledge to halt purchase of Russian oil. So again how does that work when there's less oil available on the market the price of oil goes down, do I have that right?
Feels like the sell off in oil may be ending, looking for a nice bounce up tomorrow.....we'll see
Outstanding first quarter financial delivery highlighted by $940 million of adjusted free cash flow at 27% reinvestment rate
Returned 50% of first quarter cash flow from operations (CFO) to equity investors through $592 million of share repurchases and $52 million base dividend
First quarter oil-equivalent production of 345,000 net boed; oil production of 168,000 net bopd
Continue to build on peer-leading return of capital track record, exceeding minimum commitment to return at least 40% of CFO to equity investors
Returned approximately 60% of CFO to equity investors through share repurchases and dividends over trailing two quarters
Executed $1.6 billion of share repurchases since October 1st, reducing share count by 11%; includes $900 million of share repurchases year-to-date1
Board of Directors approved increasing share repurchase authorization to $2.5 billion as of May 4th
Raised quarterly base dividend by approximately 15%; fifth consecutive quarterly base dividend raise for cumulative increase of 167% since beginning of 2021
Expect over $4.5 billion of 2022 adjusted free cash flow at a reinvestment rate of approximately 20% on a $1.3 billion capital budget, assuming $100/bbl WTI and $6/MMBtu Henry Hub
Uplift of $1.5 billion in adjusted free cash flow from original 2022 financial outlook at $80/bbl WTI and $4/MMBtu Henry Hub and a reduction in the Company's expected reinvestment rate
Updated 2022 capital budget incorporates 8% inflation adjustment to reflect sustained $100/bbl WTI and $6/MMBtu commodity price environment
Raising 2022 Equatorial Guinea equity income guidance by $200 million
"Amid tremendous macro volatility, Marathon Oil(MRO) remains resolutely focused on delivering on all elements of our framework for success, including strong corporate returns, sustainable free cash flow generation, market-leading return of capital to shareholders, and ESG excellence," said Chairman, President, and CEO Lee Tillman. "Our constancy of purpose, differentiated execution, and commitment to providing investors with the first call on cash flow through our unique percentage of cash flow framework are all paying off. In the last two quarters, we've returned approximately 60% of our total CFO back to our equity investors, meaningfully exceeding our minimum 40% commitment. We've executed $1.6 billion of share repurchases over the last seven months, driving significant per share growth through an 11% reduction to our outstanding share count, and have announced five consecutive increases to our quarterly base dividend. With over $4.5 billion of adjusted free cash flow generation expected this year, we remain well positioned to continue delivering financial results and return of capital that are compelling not only relative to the best companies in energy, but relative to the best in the S&P 500."
Return of Capital
Marathon Oil's (MRO) percentage of CFO framework provides clear visibility to significant return of capital to equity investors and ensures the shareholder gets the first call on cash flow generation. In a $60/bbl WTI or higher price environment, the Company targets returning a minimum of 40% of CFO to equity investors. Over the last two quarters, Marathon Oil(MRO) has significantly exceeded this minimum commitment, returning approximately 60% of CFO to equity investors. In the current environment, Marathon Oil's(MRO) preferred return of capital approach includes a competitive and sustainable base dividend in addition to significant share repurchases.
Since October 1st, Marathon Oil(MRO) has executed more than $1.6 billion of share repurchases, reducing its outstanding share count by 11%. This includes approximately $900 million of share repurchases year-to-date.
During first quarter, Marathon Oil(MRO) returned 50% of CFO to equity investors, again exceeding its minimum 40% commitment. First quarter return of capital included $592 million of share repurchases and the $52 million base dividend.
Additionally, the Company's Board of Directors approved an increase in total share repurchase authorization to $2.5 billion, as of May 4th. The Board also approved an increase of approximately 15% to the quarterly base dividend, from 7 cents per share to 8 cents per share. This is the fifth consecutive increase to the quarterly base dividend, representing a cumulative increase of 167% since the beginning of 2021.
I expect a positive write up from Tudor Pickering tomorrow. The 1Q 168 mbod avg was in line with their estimate, capex for 1Q came in slightly below their estimate, capex guidance slightly above their expectation, EG guide up expected but will still be viewed very positively. Buybacks expected to hit $3 Billion for the year, co guiding $2.5 so far and that can go up.
All together very very solid qtr. no matter how the stock moves this is good news, nice and steady with real returns for investors. Win win
MRO…….the only thing that matters ultimately is: The MASSIVE CASH FLOW ……which will sustain for years!!! Who cares about any expectation when the cash flow is MASSIVE!!!
They could be debt-free in a year if they choose to be how many oil companies can say that?
This shows how ducked up this share market is ….. all signs point to a more demand and less supply and still oil stocks are in red ….
Repairs to the crude distillation unit (CDU) at Exxon Mobil Corp's 61,500 barrel-per-day (bpd) Billings, Montana, refinery are planned to continue for at least another three weeks
America is running out of baby formula because 3 companies control the market and babies aren’t that profitable
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