Equities analysts forecast that Marathon Oil Co. (NYSE:MRO) will post sales of $1.28 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Marathon Oil’s earnings, with the lowest sales estimate coming in at $1.12 billion and the highest estimate coming in at $1.43 billion. Marathon Oil reported sales of $1.39 billion in the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Marathon Oil will report full year sales of $1.28 billion for the current fiscal year, with estimates ranging from $4.19 billion to $4.82 billion. For the next year, analysts forecast that the firm will report sales of $5.63 billion per share, with estimates ranging from $4.50 billion to $6.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Marathon Oil.
Several equities research analysts have recently commented on MRO shares. Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, January 4th. Citigroup lowered Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. raised Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.91.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. Marathon Oil’s dividend payout ratio is currently -7.81%.
Several institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in shares of Marathon Oil during the 4th quarter worth approximately $11,564,000. Martingale Asset Management L P acquired a new position in shares of Marathon Oil during the 4th quarter worth approximately $1,491,000. Brown Advisory Inc. acquired a new position in Marathon Oil in the 4th quarter valued at $224,000. State of Tennessee Treasury Department raised its holdings in Marathon Oil by 55.3% in the 4th quarter. State of Tennessee Treasury Department now owns 359,222 shares of the oil and gas producer’s stock valued at $6,081,000 after acquiring an additional 127,936 shares during the last quarter. Finally, Timber Hill LLC acquired a new position in Marathon Oil in the 4th quarter valued at $469,000. Hedge funds and other institutional investors own 80.34% of the company’s stock.
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About Marathon Oil
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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