Equities analysts predict that Marathon Oil Co. (NYSE:MRO) will announce sales of $1.09 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Marathon Oil’s earnings, with the highest sales estimate coming in at $1.16 billion and the lowest estimate coming in at $1.04 billion. Marathon Oil posted sales of $272.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 300.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 4th.
According to Zacks, analysts expect that Marathon Oil will report full-year sales of $4.39 billion for the current year, with estimates ranging from $4.20 billion to $4.88 billion. For the next year, analysts anticipate that the firm will report sales of $4.19 billion, with estimates ranging from $3.94 billion to $4.67 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Marathon Oil.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Tuesday, May 4th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Marathon Oil had a negative return on equity of 5.80% and a negative net margin of 44.69%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion.
Shares of Marathon Oil stock opened at $13.47 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 1.13. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of -8.11 and a beta of 3.23. The company has a fifty day moving average price of $11.70. Marathon Oil has a fifty-two week low of $3.73 and a fifty-two week high of $14.16.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Wednesday, May 19th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.19%. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, May 18th. Marathon Oil’s payout ratio is currently -13.79%.
In related news, insider Patrick Wagner sold 31,667 shares of the business’s stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $13.72, for a total value of $434,471.24. Following the completion of the sale, the insider now directly owns 263,959 shares in the company, valued at approximately $3,621,517.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lee M. Tillman sold 67,500 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $11.03, for a total value of $744,525.00. Over the last 90 days, insiders sold 166,667 shares of company stock valued at $1,926,896. Corporate insiders own 0.76% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Marathon Oil by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 14,443,070 shares of the oil and gas producer’s stock worth $154,264,000 after buying an additional 1,266,269 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marathon Oil by 2.7% during the first quarter. Geode Capital Management LLC now owns 14,418,572 shares of the oil and gas producer’s stock worth $153,747,000 after buying an additional 374,231 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Marathon Oil by 7.1% during the first quarter. Bank of New York Mellon Corp now owns 9,219,290 shares of the oil and gas producer’s stock worth $98,462,000 after buying an additional 607,626 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Marathon Oil by 25.7% during the first quarter. Nuveen Asset Management LLC now owns 7,435,868 shares of the oil and gas producer’s stock worth $79,416,000 after buying an additional 1,520,324 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Marathon Oil by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,128,566 shares of the oil and gas producer’s stock worth $40,878,000 after buying an additional 145,191 shares during the last quarter. Hedge funds and other institutional investors own 68.81% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. 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, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.
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