FBR & Co Analysts Increase Earnings Estimates for Marathon Oil Co. (MRO)
Marathon Oil Co. (NYSE:MRO) – FBR & Co lifted their Q3 2017 EPS estimates for Marathon Oil in a research report issued on Tuesday. FBR & Co analyst C. Mabry now anticipates that the oil and gas producer will earn ($0.05) per share for the quarter, up from their previous forecast of ($0.09). FBR & Co currently has a “Buy” rating and a $20.00 target price on the stock. FBR & Co also issued estimates for Marathon Oil’s Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.30) EPS, FY2018 earnings at ($0.24) EPS and FY2019 earnings at ($0.31) EPS.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Marathon Oil had a negative return on equity of 4.91% and a negative net margin of 32.98%. The business’s quarterly revenue was up 88.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.43) EPS.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity set a $16.00 target price on Marathon Oil and gave the stock a “hold” rating in a research report on Saturday, February 11th. Scotiabank set a $21.00 target price on Marathon Oil and gave the stock a “buy” rating in a research report on Saturday, May 6th. Stifel Nicolaus began coverage on Marathon Oil in a research report on Wednesday, April 12th. They issued a “hold” rating and a $17.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 target price on shares of Marathon Oil in a research report on Thursday, April 13th. Finally, Jefferies Group LLC downgraded Marathon Oil from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $16.00 in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. Marathon Oil presently has an average rating of “Buy” and a consensus target price of $19.09.
Marathon Oil (NYSE:MRO) opened at 14.53 on Thursday. The stock has a 50 day moving average price of $15.08 and a 200 day moving average price of $16.23. The stock’s market cap is $12.35 billion. Marathon Oil has a 52 week low of $12.22 and a 52 week high of $19.28. Marathon Oil also saw unusually large options trading on Wednesday. Stock investors acquired 25,574 call options on the stock. This is an increase of approximately 308% compared to the average daily volume of 6,266 call options.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Marathon Oil by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Marathon Oil by 3.5% in the first quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock worth $1,340,940,000 after buying an additional 2,870,533 shares during the last quarter. State Street Corp boosted its stake in shares of Marathon Oil by 1.7% in the first quarter. State Street Corp now owns 48,712,386 shares of the oil and gas producer’s stock worth $769,660,000 after buying an additional 811,608 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Marathon Oil by 0.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 48,519,793 shares of the oil and gas producer’s stock worth $766,613,000 after buying an additional 187,090 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Marathon Oil by 417.2% in the third quarter. Boston Partners now owns 37,738,524 shares of the oil and gas producer’s stock worth $596,646,000 after buying an additional 30,442,089 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Wednesday, May 17th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Monday, May 15th. Marathon Oil’s dividend payout ratio is presently -9.26%.
Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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