Marathon Oil (NYSE:MRO) released its quarterly earnings data on Wednesday. The oil and gas producer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04, RTT News reports. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis.
MRO stock traded up $0.18 during midday trading on Wednesday, hitting $18.51. 19,887,845 shares of the company traded hands, compared to its average volume of 12,252,164. Marathon Oil has a twelve month low of $14.27 and a twelve month high of $24.20. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.45. The company has a market cap of $15.55 billion, a PE ratio of -48.71, a price-to-earnings-growth ratio of 1.49 and a beta of 2.45.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $0.20 annualized dividend and a yield of 1.08%. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.
A number of research firms recently commented on MRO. JPMorgan Chase & Co. set a $27.00 price objective on Marathon Oil and gave the stock a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Oil in a report on Friday, September 28th. ValuEngine upgraded Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Morgan Stanley increased their price objective on Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. Finally, BMO Capital Markets restated a “hold” rating and issued a $23.00 price objective on shares of Marathon Oil in a report on Tuesday, July 10th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Marathon Oil currently has an average rating of “Buy” and a consensus price target of $23.36.
In other Marathon Oil 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 transaction of $2,427,619.77. Following the transaction, the vice president now owns 394,569 shares in the company, valued at $8,163,632.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Mercantile Trust Co. bought a new stake in shares of Marathon Oil in the second quarter valued at approximately $111,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Marathon Oil in the second quarter valued at approximately $133,000. Centaurus Financial Inc. bought a new stake in shares of Marathon Oil in the second quarter valued at approximately $133,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Marathon Oil in the third quarter valued at approximately $134,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Marathon Oil by 146.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock valued at $146,000 after acquiring an additional 4,144 shares during the period. 80.01% of the stock is owned by institutional investors.
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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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