$0.30 EPS Expected for Marathon Oil Co. (NYSE:MRO) This Quarter

Equities analysts expect that Marathon Oil Co. (NYSE:MRO) will post $0.30 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Marathon Oil’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.44. Marathon Oil posted earnings per share of ($0.28) in the same quarter last year, which suggests a positive year over year growth rate of 207.1%. The company is expected to issue its next quarterly earnings results on Wednesday, November 3rd.

According to Zacks, analysts expect that Marathon Oil will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $1.27. For the next fiscal year, analysts anticipate that the business will post earnings of $1.10 per share, with EPS estimates ranging from $0.74 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Tuesday, August 3rd. The oil and gas producer reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Marathon Oil had a positive return on equity of 0.21% and a negative net margin of 14.27%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm posted ($0.60) EPS. The business’s revenue was up 320.2% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Citigroup increased their price objective on Marathon Oil from $12.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 13th. Bank of America raised Marathon Oil from an “underperform” rating to a “neutral” rating in a report on Monday, June 21st. Morgan Stanley raised Marathon Oil from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $12.00 to $15.00 in a report on Friday, June 18th. Truist Securities increased their price objective on Marathon Oil from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, July 1st. Finally, Zacks Investment Research downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Monday, August 23rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $15.27.

Shares of NYSE MRO traded up $0.71 during trading hours on Thursday, hitting $12.73. The company had a trading volume of 20,699,381 shares, compared to its average volume of 21,629,615. The stock has a market capitalization of $10.04 billion, a P/E ratio of -17.83, a price-to-earnings-growth ratio of 0.31 and a beta of 3.28. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 0.46. Marathon Oil has a 1-year low of $3.73 and a 1-year high of $14.33. The firm’s 50 day moving average is $11.67 and its 200-day moving average is $11.93.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Wednesday, August 18th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, August 17th. This is a boost from Marathon Oil’s previous quarterly dividend of $0.04. Marathon Oil’s dividend payout ratio is -17.24%.

A number of hedge funds have recently bought and sold shares of the business. Vident Investment Advisory LLC increased its position in Marathon Oil by 0.3% during the 2nd quarter. Vident Investment Advisory LLC now owns 251,443 shares of the oil and gas producer’s stock worth $3,425,000 after buying an additional 817 shares during the period. Veritable L.P. increased its position in Marathon Oil by 2.4% during the 1st quarter. Veritable L.P. now owns 37,976 shares of the oil and gas producer’s stock worth $406,000 after buying an additional 878 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Marathon Oil by 6.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 16,330 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 949 shares during the period. Salem Capital Management Inc. increased its position in Marathon Oil by 1.0% during the 2nd quarter. Salem Capital Management Inc. now owns 103,150 shares of the oil and gas producer’s stock worth $1,405,000 after buying an additional 1,000 shares during the period. Finally, Moors & Cabot Inc. increased its position in Marathon Oil by 6.6% during the 2nd quarter. Moors & Cabot Inc. now owns 16,242 shares of the oil and gas producer’s stock worth $221,000 after buying an additional 1,001 shares during the period. Hedge funds and other institutional investors own 70.85% of the company’s stock.

About Marathon Oil

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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