Analysts Expect Marathon Oil Co. (MRO) to Announce $0.20 EPS

Brokerages predict that Marathon Oil Co. (NYSE:MRO) will post earnings per share (EPS) of $0.20 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Marathon Oil’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.24. Marathon Oil reported earnings per share of ($0.08) during the same quarter last year, which would suggest a positive year over year growth rate of 350%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that Marathon Oil will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.85. For the next year, analysts anticipate that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $1.00 to $1.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Marathon Oil.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned ($0.24) earnings per share. The company’s revenue for the quarter was up 33.8% on a year-over-year basis.

MRO has been the topic of a number of recent research reports. BMO Capital Markets restated a “hold” rating and set a $23.00 price objective on shares of Marathon Oil in a research report on Tuesday, July 10th. Morgan Stanley initiated coverage on Marathon Oil in a report on Thursday, July 12th. They issued an “equal weight” rating and a $23.00 price target on the stock. Mizuho initiated coverage on Marathon Oil in a report on Monday, July 23rd. They issued a “neutral” rating and a $28.00 price target on the stock. Zacks Investment Research downgraded Marathon Oil from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $22.80 price target on shares of Marathon Oil in a report on Wednesday, August 15th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.36.

In related news, VP Thomas Mitchell Little sold 117,333 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the transaction, the vice president now owns 394,569 shares of the company’s stock, valued at $8,163,632.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

A number of large investors have recently made changes to their positions in MRO. Boston Partners grew its stake in Marathon Oil by 474.2% in the second quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock worth $422,312,000 after purchasing an additional 16,719,492 shares in the last quarter. Standard Life Aberdeen plc grew its stake in Marathon Oil by 1,230.2% in the second quarter. Standard Life Aberdeen plc now owns 4,995,164 shares of the oil and gas producer’s stock worth $104,224,000 after purchasing an additional 4,619,642 shares in the last quarter. Renaissance Technologies LLC grew its stake in Marathon Oil by 771.1% in the second quarter. Renaissance Technologies LLC now owns 4,720,646 shares of the oil and gas producer’s stock worth $98,473,000 after purchasing an additional 4,178,700 shares in the last quarter. Hexavest Inc. grew its stake in Marathon Oil by 21,619.1% in the second quarter. Hexavest Inc. now owns 3,283,058 shares of the oil and gas producer’s stock worth $68,485,000 after purchasing an additional 3,267,942 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new position in Marathon Oil in the second quarter worth approximately $47,059,000. 80.15% of the stock is currently owned by institutional investors.

Shares of MRO stock opened at $18.21 on Friday. Marathon Oil has a 1 year low of $14.27 and a 1 year high of $24.20. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The company has a market cap of $15.96 billion, a price-to-earnings ratio of -47.92, a P/E/G ratio of 1.53 and a beta of 2.40.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.10%. Marathon Oil’s payout ratio is -52.63%.

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 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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