Marathon Oil Co. (NYSE:MRO) – Jefferies Financial Group issued their Q2 2019 earnings per share estimates for Marathon Oil in a report issued on Wednesday, June 12th. Jefferies Financial Group analyst M. Lear forecasts that the oil and gas producer will post earnings of $0.15 per share for the quarter. Jefferies Financial Group also issued estimates for Marathon Oil’s Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.13 EPS, FY2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.49 EPS and Q1 2021 earnings at $0.15 EPS.
Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.24. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The business’s quarterly revenue was down 30.9% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS.
Several other research firms have also commented on MRO. Royal Bank of Canada raised Marathon Oil from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, April 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marathon Oil in a research report on Tuesday, March 5th. Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Morgan Stanley set a $19.00 price target on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, Atlantic Securities lowered Marathon Oil from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $20.50 to $15.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. Marathon Oil currently has a consensus rating of “Buy” and a consensus target price of $22.65.
MRO opened at $13.28 on Friday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.89 and a beta of 2.30. Marathon Oil has a 52 week low of $12.57 and a 52 week high of $24.20. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45.
The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. Marathon Oil’s dividend payout ratio (DPR) is currently 28.17%.
Several hedge funds have recently made changes to their positions in MRO. Norges Bank purchased a new position in shares of Marathon Oil in the 4th quarter valued at approximately $122,747,000. Macquarie Group Ltd. grew its stake in shares of Marathon Oil by 17.8% in the 4th quarter. Macquarie Group Ltd. now owns 41,766,089 shares of the oil and gas producer’s stock valued at $598,926,000 after purchasing an additional 6,298,905 shares during the last quarter. Boston Partners grew its stake in shares of Marathon Oil by 65.7% in the 1st quarter. Boston Partners now owns 12,677,229 shares of the oil and gas producer’s stock valued at $211,836,000 after purchasing an additional 5,025,433 shares during the last quarter. Marshall Wace North America L.P. grew its stake in shares of Marathon Oil by 1,221.0% in the 1st quarter. Marshall Wace North America L.P. now owns 3,660,636 shares of the oil and gas producer’s stock valued at $61,170,000 after purchasing an additional 3,383,518 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Marathon Oil by 4.2% in the 1st quarter. BlackRock Inc. now owns 71,239,026 shares of the oil and gas producer’s stock valued at $1,190,404,000 after purchasing an additional 2,893,945 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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