Marathon Oil Corporation (NYSE:MRO) – Analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of Marathon Oil Corporation in a research note issued to investors on Friday. Jefferies Group analyst J. Gammel anticipates that the oil and gas producer will post earnings of ($0.08) per share for the quarter. Jefferies Group currently has a “Hold” rating and a $16.00 target price on the stock. Jefferies Group also issued estimates for Marathon Oil Corporation’s Q4 2017 earnings at ($0.04) EPS and FY2018 earnings at $0.34 EPS.

Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.69%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Equities Analysts Offer Predictions for Marathon Oil Corporation’s Q3 2017 Earnings (NYSE:MRO)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/equities-analysts-offer-predictions-for-marathon-oil-corporations-q3-2017-earnings-nysemro.html.

MRO has been the topic of a number of other research reports. Citigroup Inc. reduced their price target on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Bank of America Corporation downgraded Marathon Oil Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $22.00 in a report on Thursday, May 11th. Vetr upgraded Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 price target on the stock in a report on Friday, April 14th. Goldman Sachs Group Inc started coverage on Marathon Oil Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price target on the stock. Finally, BidaskClub upgraded Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.44.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.90 on Monday. The company’s 50 day moving average price is $11.91 and its 200 day moving average price is $14.51. Marathon Oil Corporation has a 12 month low of $11.20 and a 12 month high of $19.28. The company’s market cap is $10.96 billion.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.55%. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.

Several hedge funds have recently modified their holdings of the company. Klingenstein Fields & Co. LLC raised its position in shares of Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 83 shares during the last quarter. Focused Wealth Management Inc raised its position in shares of Marathon Oil Corporation by 0.7% in the first quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock worth $216,000 after buying an additional 100 shares during the last quarter. Eastern Bank raised its position in shares of Marathon Oil Corporation by 0.6% in the second quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock worth $254,000 after buying an additional 135 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Marathon Oil Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock worth $328,000 after buying an additional 149 shares during the last quarter. Finally, Berkshire Asset Management LLC PA raised its position in shares of Marathon Oil Corporation by 0.8% in the second quarter. Berkshire Asset Management LLC PA now owns 25,672 shares of the oil and gas producer’s stock worth $304,000 after buying an additional 200 shares during the last quarter. 81.20% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Oil Corporation 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.

Earnings History and Estimates for Marathon Oil Corporation (NYSE:MRO)

Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.