-$0.01 Earnings Per Share Expected for Marathon Oil Co. (MRO) This Quarter

Analysts predict that Marathon Oil Co. (NYSE:MRO) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Marathon Oil’s earnings. The lowest EPS estimate is ($0.11) and the highest is $0.15. Marathon Oil reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 90%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that Marathon Oil will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.17). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.42) to $0.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) earnings per share.

MRO has been the topic of a number of recent analyst reports. Piper Jaffray Companies set a $20.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Friday, August 25th. Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Scotiabank set a $19.00 target price on Marathon Oil and gave the company a “buy” rating in a research report on Wednesday, October 4th. Jefferies Group raised their target price on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.56.

Marathon Oil (MRO) opened at $16.90 on Friday. The stock has a market capitalization of $14,360.00, a P/E ratio of -6.60 and a beta of 2.38. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $18.35.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.18%. Marathon Oil’s dividend payout ratio (DPR) is -7.81%.

Several hedge funds and other institutional investors have recently modified their holdings of MRO. Macquarie Group Ltd. grew its stake in shares of Marathon Oil by 112.6% in the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after buying an additional 28,514,387 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Marathon Oil in the third quarter valued at $81,114,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Marathon Oil by 10.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares during the period. AXA boosted its holdings in Marathon Oil by 735.2% in the third quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock valued at $37,231,000 after purchasing an additional 2,416,889 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Marathon Oil by 2.1% in the second quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after purchasing an additional 1,808,213 shares during the period. 80.34% of the stock is owned by institutional investors and hedge funds.

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

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