Marathon Oil Co. (NYSE:MRO) – Equities research analysts at Seaport Global Securities boosted their Q3 2018 earnings estimates for Marathon Oil in a research report issued on Wednesday, October 17th. Seaport Global Securities analyst J. Aschenbeck now anticipates that the oil and gas producer will post earnings per share of $0.18 for the quarter, up from their previous estimate of $0.17. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Marathon Oil’s Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $1.00 EPS.
Several other analysts have also issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $22.80 price target on shares of Marathon Oil in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, July 31st. Barclays initiated coverage on shares of Marathon Oil in a research report on Wednesday, August 29th. They set an “overweight” rating and a $25.00 price target for the company. Royal Bank of Canada set a $27.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Thursday, September 20th. Finally, ValuEngine upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.72.
MRO opened at $20.67 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. Marathon Oil has a 52 week low of $13.28 and a 52 week high of $24.20. The firm has a market capitalization of $17.84 billion, a P/E ratio of -54.39, a PEG ratio of 1.67 and a beta of 2.40.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) EPS.
Several institutional investors have recently bought and sold shares of the company. State Treasurer State of Michigan boosted its holdings in shares of Marathon Oil by 1.0% during the second quarter. State Treasurer State of Michigan now owns 252,640 shares of the oil and gas producer’s stock worth $5,270,000 after purchasing an additional 2,500 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Marathon Oil by 11.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 26,361 shares of the oil and gas producer’s stock worth $550,000 after purchasing an additional 2,676 shares during the period. Twin Capital Management Inc. boosted its holdings in shares of Marathon Oil by 1.1% during the second quarter. Twin Capital Management Inc. now owns 247,450 shares of the oil and gas producer’s stock worth $5,162,000 after purchasing an additional 2,710 shares during the period. BB&T Corp boosted its holdings in shares of Marathon Oil by 11.8% during the third quarter. BB&T Corp now owns 26,558 shares of the oil and gas producer’s stock worth $619,000 after purchasing an additional 2,811 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Marathon Oil by 3.7% in the second quarter. CIBC Asset Management Inc now owns 80,643 shares of the oil and gas producer’s stock worth $1,682,000 after buying an additional 2,863 shares during the period. Institutional investors own 80.54% of the company’s stock.
In other news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the sale, the vice president now directly owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% 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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