Brokerages forecast that Marathon Oil Co. (NYSE:MRO) will report earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Marathon Oil’s earnings, with estimates ranging from $0.03 to $0.22. Marathon Oil posted earnings of ($0.07) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 271.4%. The business is scheduled to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Marathon Oil will report full year earnings of $0.47 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $1.17. For the next fiscal year, analysts forecast that the business will post earnings of $0.37 per share, with EPS estimates ranging from ($0.15) to $0.87. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Marathon Oil.
Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned ($0.10) earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year.
A number of brokerages recently commented on MRO. Jefferies Group restated a “hold” rating and issued a $19.80 price objective on shares of Marathon Oil in a research report on Friday, January 19th. Barclays lifted their target price on shares of Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. JPMorgan Chase & Co. set a $20.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, January 17th. UBS assumed coverage on shares of Marathon Oil in a research note on Wednesday, March 7th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. Marathon Oil has an average rating of “Hold” and an average target price of $18.23.
A number of institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. lifted its holdings in Marathon Oil by 1.3% in the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock worth $739,367,000 after buying an additional 693,366 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Marathon Oil by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after buying an additional 3,767,268 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Marathon Oil by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 29,310,818 shares of the oil and gas producer’s stock worth $496,234,000 after buying an additional 162,885 shares in the last quarter. Millennium Management LLC lifted its holdings in Marathon Oil by 82.1% in the 4th quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock worth $314,838,000 after buying an additional 8,385,155 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Marathon Oil by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 10,149,471 shares of the oil and gas producer’s stock worth $171,516,000 after buying an additional 703,502 shares in the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.
Marathon Oil (MRO) traded up $0.45 on Friday, hitting $15.30. The stock had a trading volume of 4,874,041 shares, compared to its average volume of 12,710,141. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $19.52. The stock has a market capitalization of $12,848.31, a PE ratio of -2.28, a PEG ratio of 3.09 and a beta of 2.43.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. Marathon Oil’s dividend payout ratio (DPR) is -2.97%.
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Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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