Analysts expect Marathon Oil Co. (NYSE:MRO) to post $1.59 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Marathon Oil’s earnings, with the highest sales estimate coming in at $1.71 billion and the lowest estimate coming in at $1.50 billion. Marathon Oil reported sales of $830.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 91.6%. The company is expected to issue its next earnings results on Monday, February 28th.

On average, analysts expect that Marathon Oil will report full-year sales of $5.30 billion for the current year, with estimates ranging from $5.08 billion to $5.77 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.82 billion, with estimates ranging from $5.56 billion to $6.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Marathon Oil.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.08. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Marathon Oil had a negative net margin of 0.91% and a positive return on equity of 5.17%. During the same quarter last year, the business earned ($0.28) earnings per share.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Marathon Oil from $15.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 6th. Benchmark assumed coverage on shares of Marathon Oil in a report on Tuesday, October 26th. They issued a “buy” rating and a $19.00 target price for the company. Wells Fargo & Company upped their price target on shares of Marathon Oil from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, October 12th. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Tuesday, December 21st. Finally, Truist increased their price objective on shares of Marathon Oil from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, October 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to, Marathon Oil presently has an average rating of “Buy” and a consensus target price of $18.22.


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In related news, insider Patrick Wagner sold 62,157 shares of Marathon Oil stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $16.83, for a total transaction of $1,046,102.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Gary Eugene Wilson sold 99,174 shares of the business’s stock in a transaction dated Tuesday, December 7th. The stock was sold at an average price of $16.37, for a total value of $1,623,478.38. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Marathon Oil by 11.0% in the fourth quarter. IFP Advisors Inc now owns 70,541 shares of the oil and gas producer’s stock valued at $1,158,000 after purchasing an additional 7,014 shares in the last quarter. State of Alaska Department of Revenue grew its position in Marathon Oil by 11.5% in the fourth quarter. State of Alaska Department of Revenue now owns 134,939 shares of the oil and gas producer’s stock valued at $2,215,000 after acquiring an additional 13,951 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Marathon Oil by 17.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 36,872 shares of the oil and gas producer’s stock worth $605,000 after purchasing an additional 5,437 shares during the last quarter. Crestmont Private Wealth LLC bought a new stake in shares of Marathon Oil during the fourth quarter worth $283,000. Finally, Strategy Asset Managers LLC bought a new position in Marathon Oil in the third quarter valued at about $753,000. Institutional investors own 70.87% of the company’s stock.

Shares of MRO stock opened at $18.71 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.94. The firm’s 50-day moving average is $16.37 and its two-hundred day moving average is $14.28. Marathon Oil has a 12 month low of $7.20 and a 12 month high of $18.98. The company has a market capitalization of $14.57 billion, a PE ratio of -311.78, a price-to-earnings-growth ratio of 0.53 and a beta of 3.02.

The company also recently declared a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Wednesday, November 17th were issued a dividend of $0.06 per share. This is an increase from Marathon Oil’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. Marathon Oil’s payout ratio is -399.93%.

About Marathon Oil

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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

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