Marathon Oil Co. (NYSE:MRO) – Equities research analysts at Seaport Global Securities decreased their Q1 2019 earnings estimates for shares of Marathon Oil in a research note issued on Tuesday, December 4th. Seaport Global Securities analyst J. Aschenbeck now forecasts that the oil and gas producer will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.23. Seaport Global Securities has a “Buy” rating on the stock.
Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a $22.80 price objective on shares of Marathon Oil in a report on Wednesday, August 15th. Wolfe Research raised Marathon Oil from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 17th. ValuEngine raised Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Royal Bank of Canada set a $27.00 target price on Marathon Oil and gave the stock a “hold” rating in a research report on Thursday, September 20th. Finally, BMO Capital Markets raised Marathon Oil from a “market perform” rating to an “outperform” rating in a research report on Monday, October 15th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Marathon Oil presently has a consensus rating of “Buy” and a consensus price target of $23.92.
NYSE MRO opened at $16.22 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.43. Marathon Oil has a twelve month low of $14.27 and a twelve month high of $24.20. The firm has a market cap of $13.98 billion, a P/E ratio of -42.68, a PEG ratio of 2.39 and a beta of 2.42.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business posted ($0.08) EPS. Marathon Oil’s revenue for the quarter was up 33.1% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Marathon Oil by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 93,278,037 shares of the oil and gas producer’s stock worth $2,171,512,000 after acquiring an additional 935,179 shares in the last quarter. BlackRock Inc. raised its position in shares of Marathon Oil by 1.1% in the 3rd quarter. BlackRock Inc. now owns 69,246,103 shares of the oil and gas producer’s stock worth $1,612,049,000 after acquiring an additional 729,564 shares in the last quarter. Boston Partners raised its position in shares of Marathon Oil by 474.2% in the 2nd quarter. Boston Partners now owns 20,245,111 shares of the oil and gas producer’s stock worth $422,312,000 after acquiring an additional 16,719,492 shares in the last quarter. Northern Trust Corp raised its position in shares of Marathon Oil by 3.0% in the 2nd quarter. Northern Trust Corp now owns 11,489,580 shares of the oil and gas producer’s stock worth $239,673,000 after acquiring an additional 335,262 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Marathon Oil by 19.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,597,350 shares of the oil and gas producer’s stock worth $246,664,000 after acquiring an additional 1,711,342 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Thomas Mitchell Little sold 117,333 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio is currently -52.63%.
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.
Featured Story: Growth Stocks
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.