Marathon Oil Co. (NYSE:MRO) – Seaport Global Securities boosted their FY2018 EPS estimates for shares of Marathon Oil in a research note issued to investors on Tuesday, December 4th. Seaport Global Securities analyst J. Aschenbeck now forecasts that the oil and gas producer will earn $0.78 per share for the year, up from their previous estimate of $0.67. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Marathon Oil’s Q4 2018 earnings at $0.22 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.53 EPS.
Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) earnings per share.
Several other equities analysts also recently commented on the stock. MKM Partners started coverage on shares of Marathon Oil in a report on Wednesday. They issued a “buy” rating and a $26.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of Marathon Oil in a report on Monday, November 26th. Morgan Stanley decreased their price objective on shares of Marathon Oil from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. Barclays upped their price objective on shares of Marathon Oil from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 15th. Finally, Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Marathon Oil currently has a consensus rating of “Buy” and an average price target of $23.92.
Shares of MRO opened at $16.82 on Thursday. The firm has a market cap of $13.98 billion, a P/E ratio of -44.26, a PEG ratio of 2.39 and a beta of 2.42. Marathon Oil has a 1-year low of $14.27 and a 1-year high of $24.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.43.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vectors Research Management LLC bought a new stake in Marathon Oil during the third quarter worth about $125,000. Centaurus Financial Inc. bought a new position in shares of Marathon Oil in the second quarter worth about $133,000. Mount Yale Investment Advisors LLC bought a new position in shares of Marathon Oil in the second quarter worth about $133,000. Harvest Fund Management Co. Ltd bought a new position in shares of Marathon Oil in the third quarter worth about $134,000. Finally, Stelac Advisory Services LLC bought a new position in shares of Marathon Oil in the third quarter worth about $138,000. 81.24% of the stock is owned by institutional investors and hedge funds.
In related news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $20.69, for a total value of $2,427,619.77. Following the transaction, the vice president now directly owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.40% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. Marathon Oil’s dividend payout ratio (DPR) is presently -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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