Marathon Oil Co. (NYSE:MRO) – Equities research analysts at SunTrust Banks lowered their Q4 2019 earnings per share (EPS) estimates for Marathon Oil in a research note issued to investors on Tuesday, January 21st, according to Zacks Investment Research. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.14. SunTrust Banks also issued estimates for Marathon Oil’s Q2 2020 earnings at $0.11 EPS, Q1 2021 earnings at $0.17 EPS, Q2 2021 earnings at $0.16 EPS, Q3 2021 earnings at $0.16 EPS, Q4 2021 earnings at $0.17 EPS and FY2021 earnings at $0.67 EPS.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.10. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.26 billion. Marathon Oil had a net margin of 15.51% and a return on equity of 5.56%. Marathon Oil’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS.
Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Friday, January 3rd. Siebert Williams Shank began coverage on shares of Marathon Oil in a research report on Friday, December 20th. They set a “hold” rating and a $15.00 price target on the stock. Bank of America lowered shares of Marathon Oil from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Williams Capital began coverage on shares of Marathon Oil in a research report on Friday, December 20th. They set a “hold” rating on the stock. Finally, Barclays lowered shares of Marathon Oil from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. Marathon Oil has an average rating of “Hold” and a consensus price target of $16.93.
Shares of NYSE:MRO traded down $0.24 during midday trading on Friday, reaching $11.68. The company’s stock had a trading volume of 10,401,692 shares, compared to its average volume of 12,349,918. The firm has a market capitalization of $9.49 billion, a PE ratio of 10.72, a P/E/G ratio of 2.95 and a beta of 2.38. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $12.87 and a 200 day moving average of $12.48. Marathon Oil has a twelve month low of $11.06 and a twelve month high of $18.93.
Large investors have recently bought and sold shares of the company. Coastal Investment Advisors Inc. lifted its holdings in shares of Marathon Oil by 157.8% during the 4th quarter. Coastal Investment Advisors Inc. now owns 2,619 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 1,603 shares during the period. Integrated Advisors Network LLC acquired a new stake in Marathon Oil during the 4th quarter worth approximately $164,000. Rockefeller Capital Management L.P. increased its position in Marathon Oil by 16.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 17,791 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 2,497 shares in the last quarter. M&T Bank Corp increased its position in Marathon Oil by 3.6% during the 4th quarter. M&T Bank Corp now owns 70,257 shares of the oil and gas producer’s stock worth $952,000 after purchasing an additional 2,418 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Marathon Oil during the 4th quarter worth approximately $645,000. 82.23% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.20 annualized dividend and a yield of 1.71%. Marathon Oil’s dividend payout ratio is currently 28.17%.
Marathon Oil Company Profile
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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