Marathon Oil Co. (NYSE:MRO) – Jefferies Financial Group issued their FY2021 EPS estimates for shares of Marathon Oil in a research note issued to investors on Wednesday, June 12th. Jefferies Financial Group analyst M. Lear forecasts that the oil and gas producer will earn $0.62 per share for the year.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $0.18 EPS. Marathon Oil’s quarterly revenue was down 30.9% compared to the same quarter last year.
Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Marathon Oil from a “c+” rating to a “b-” rating in a research note on Tuesday, March 26th. MKM Partners set a $22.00 price objective on shares of Marathon Oil and gave the company a “buy” rating in a research note on Tuesday, February 26th. Argus reduced their price objective on shares of Marathon Oil from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, February 25th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, April 16th. Finally, Morgan Stanley set a $19.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.20.
MRO stock opened at $13.02 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45. Marathon Oil has a 1 year low of $12.57 and a 1 year high of $24.20. The firm has a market capitalization of $10.97 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.04 and a beta of 2.30.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC bought a new position in Marathon Oil in the 1st quarter worth $120,000. Meridian Wealth Management LLC bought a new position in Marathon Oil in the 1st quarter worth $33,000. Marshall Wace LLP bought a new position in Marathon Oil in the 1st quarter worth $1,308,000. Allstate Corp raised its holdings in Marathon Oil by 3.2% in the 1st quarter. Allstate Corp now owns 178,628 shares of the oil and gas producer’s stock worth $2,985,000 after acquiring an additional 5,609 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Marathon Oil by 4.6% in the 1st quarter. Nordea Investment Management AB now owns 497,723 shares of the oil and gas producer’s stock worth $8,319,000 after acquiring an additional 21,957 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.20 annualized dividend and a yield of 1.54%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.
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 and International. 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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