Marathon Oil Co. (NYSE:MRO) – Capital One Financial issued their Q2 2018 earnings estimates for Marathon Oil in a report released on Thursday. Capital One Financial analyst P. Johnston anticipates that the oil and gas producer will post earnings per share of $0.13 for the quarter. Capital One Financial also issued estimates for Marathon Oil’s Q3 2018 earnings at $0.14 EPS and Q4 2018 earnings at $0.15 EPS.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.21%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. Marathon Oil’s quarterly revenue was up 23.0% on a year-over-year basis.
A number of other equities research analysts have also recently commented on MRO. Bank of America raised shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, January 4th. Seaport Global Securities raised shares of Marathon Oil from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Jefferies Group raised their price target on shares of Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Societe Generale upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Marathon Oil has a consensus rating of “Hold” and an average target price of $17.91.
Marathon Oil (NYSE MRO) opened at $15.65 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil has a 12 month low of $10.55 and a 12 month high of $19.52. The firm has a market cap of $13,297.24, a price-to-earnings ratio of -2.33, a PEG ratio of 3.57 and a beta of 2.35.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. grew its stake in Marathon Oil by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 54,525,491 shares of the oil and gas producer’s stock valued at $739,367,000 after acquiring an additional 693,366 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Marathon Oil by 10.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after acquiring an additional 3,767,268 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of 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 valued at $496,234,000 after buying an additional 162,885 shares in the last quarter. Millennium Management LLC grew its stake in shares of 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 valued at $314,838,000 after buying an additional 8,385,155 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 valued at $171,516,000 after buying an additional 703,502 shares in the last quarter. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. Marathon Oil’s dividend payout ratio is currently -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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