Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Marathon Oil Corp before investing.

In this article, we go over a few key elements for understanding Marathon Oil Corp’s stock price such as:

• Marathon Oil Corp’s current stock price and volume
• Why Marathon Oil Corp’s stock price changed recently
• Upgrades and downgrades for MRO from analysts
• MRO’s stock price momentum as measured by its relative strength

About Marathon Oil Corp (MRO)

Before we jump into Marathon Oil Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Marathon Oil Corporation is an independent exploration and production company. The Company is focused on the United States resource plays, which include Eagle Ford in Texas, Bakken in North Dakota, Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) and South-Central Oklahoma Oil Province (SCOOP) in Oklahoma and Permian in New Mexico and Texas. The Company operates through two segments: United States and International. The United States segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the United States. The International segment explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as LNG and methanol, in Equatorial Guinea (E.G.). Its subsidiaries include Alba Associates LLC, Alba Equatorial Guinea Partnership, L.P., Alba Plant LLC and AMPCO Marketing, L.L.C.

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Marathon Oil Corp’s Stock Price as of Market Close

As of May 29, 2024, 4:00 PM, CST, Marathon Oil Corp’s stock price was $28.68.

Marathon Oil Corp is up 8.43% from its previous closing price of $26.45.

During the last market session, Marathon Oil Corp’s stock traded between $25.71 and $26.57. Currently, there are 576.00 million shares of Marathon Oil Corp stock available for purchase.

Marathon Oil Corp’s price-earnings (P/E) ratio is currently at 11.0, which is low compared to the Oil & Gas - Exploration and Production industry median of 11.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Marathon Oil Corp Stock Price History

Marathon Oil Corp’s (MRO) price is currently up 6.82% so far this month.

During the month of May, Marathon Oil Corp’s stock price has reached a high of $29.35 and a low of $25.49.

Over the last year, Marathon Oil Corp has hit prices as high as $30.06 and as low as $21.81. Year to date, Marathon Oil Corp’s stock is up 5.95%.

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What Caused Marathon Oil Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 28, 2024, there were 7 analysts who downgraded Marathon Oil Corp’s stock and 8 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Marathon Oil Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Marathon Oil Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Marathon Oil Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Marathon Oil Corp (MRO) by visiting AAII Stock Evaluator.

Relative Price Strength of Marathon Oil Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 28, 2024, Marathon Oil Corp has a weighted four-quarter relative price strength of -0.83%, which translates to a Momentum Score of 64 and is considered to be Strong.

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Marathon Oil Corp Stock Price: Bottom Line

As of May 29, 2024, Marathon Oil Corp’s stock price is $28.68, which is up 8.43% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Marathon Oil Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.