Brokerages expect that Marathon Oil Co. (NYSE:MRO) will announce earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Marathon Oil’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.08. Marathon Oil reported earnings per share of ($0.24) in the same quarter last year, which suggests a positive year-over-year growth rate of 166.7%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, August 1st.
According to Zacks, analysts expect that Marathon Oil will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.45 to $1.28. For the next year, analysts anticipate that the firm will report earnings of $0.86 per share, with EPS estimates ranging from $0.15 to $1.19. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Marathon Oil.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Marathon Oil had a negative net margin of 7.56% and a negative return on equity of 0.50%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue was up 61.7% on a year-over-year basis.
Several brokerages recently commented on MRO. Tudor Pickering upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. R. F. Lafferty reaffirmed a “buy” rating and issued a $27.00 price target (up from $26.00) on shares of Marathon Oil in a report on Tuesday, February 20th. ValuEngine upgraded shares of Marathon Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. BMO Capital Markets reiterated a “hold” rating and set a $20.00 target price on shares of Marathon Oil in a research note on Tuesday, February 27th. Finally, UBS Group started coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They set a “neutral” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Marathon Oil currently has a consensus rating of “Hold” and a consensus price target of $18.45.
Shares of Marathon Oil traded down $0.24, hitting $21.23, during midday trading on Monday, according to MarketBeat. The company had a trading volume of 228,758 shares, compared to its average volume of 12,892,157. The company has a quick ratio of 1.46, a current ratio of 1.52 and a debt-to-equity ratio of 0.46. Marathon Oil has a twelve month low of $10.55 and a twelve month high of $22.12. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of -55.92, a price-to-earnings-growth ratio of 1.98 and a beta of 2.33.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Wednesday, May 16th were issued a $0.05 dividend. The ex-dividend date was Tuesday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. Marathon Oil’s dividend payout ratio is currently -52.63%.
In related news, insider Lee M. Tillman sold 400,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $21.65, for a total value of $8,660,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new position in shares of Marathon Oil during the 1st quarter worth approximately $102,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Marathon Oil in the fourth quarter valued at about $118,000. Summit Trail Advisors LLC grew its stake in Marathon Oil by 1,935.8% during the first quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 121,741 shares during the period. Stelac Advisory Services LLC acquired a new stake in Marathon Oil during the first quarter worth approximately $147,000. Finally, Dupont Capital Management Corp lifted its holdings in shares of Marathon Oil by 40.2% in the first quarter. Dupont Capital Management Corp now owns 9,859 shares of the oil and gas producer’s stock valued at $159,000 after purchasing an additional 2,829 shares in the last quarter. Institutional investors own 78.95% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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