Capital One Financial Analysts Raise Earnings Estimates for Marathon Oil Co. (MRO)

Marathon Oil Co. (NYSE:MRO) – Capital One Financial increased their Q4 2017 earnings estimates for shares of Marathon Oil in a report released on Tuesday. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $0.01 per share for the quarter, up from their previous estimate of ($0.02). Capital One Financial also issued estimates for Marathon Oil’s FY2018 earnings at $0.53 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, November 6th. Jefferies Group lifted their price objective on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a report on Friday, November 3rd. Societe Generale upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Scotiabank set a $19.00 price target on shares of Marathon Oil and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, Seaport Global Securities upgraded shares of Marathon Oil from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Marathon Oil presently has an average rating of “Hold” and an average price target of $17.91.

Shares of Marathon Oil (NYSE:MRO) opened at $16.33 on Thursday. Marathon Oil has a twelve month low of $10.55 and a twelve month high of $19.52. The firm has a market capitalization of $14,639.70, a P/E ratio of -1.96, a price-to-earnings-growth ratio of 5.20 and a beta of 2.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sentry Investment Management LLC raised its holdings in Marathon Oil by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after acquiring an additional 702 shares during the last quarter. 1st Global Advisors Inc. raised its holdings in Marathon Oil by 3.3% in the 2nd quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock valued at $625,000 after acquiring an additional 1,686 shares during the last quarter. FTB Advisors Inc. raised its holdings in Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after acquiring an additional 2,687 shares during the last quarter. Gabelli Funds LLC raised its holdings in Marathon Oil by 0.7% in the 4th quarter. Gabelli Funds LLC now owns 452,700 shares of the oil and gas producer’s stock valued at $7,664,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Marathon Oil by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 136,163 shares of the oil and gas producer’s stock valued at $1,846,000 after buying an additional 3,517 shares during the period. Institutional investors own 80.52% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.20 annualized dividend and a yield of 1.22%. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.

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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.

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

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