Capital One Financial Analysts Lower Earnings Estimates for

Marathon Oil Co. (NYSE:MRO) – Stock analysts at Capital One Financial cut their Q1 2022 earnings per share (EPS) estimates for shares of Marathon Oil in a research report issued to clients and investors on Wednesday, January 5th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.55 per share for the quarter, down from their previous forecast of $0.58. Capital One Financial also issued estimates for Marathon Oil’s Q2 2022 earnings at $0.55 EPS, Q3 2022 earnings at $0.57 EPS, Q4 2022 earnings at $0.58 EPS, FY2022 earnings at $2.25 EPS and FY2023 earnings at $1.56 EPS. Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.08. Marathon Oil had a positive return on equity of 5.17% and a negative net margin of 0.91%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted ($0.28) EPS.

Other research analysts have also issued reports about the company. Royal Bank of Canada increased their price objective on Marathon Oil from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, November 5th. Wells Fargo & Company raised their target price on Marathon Oil from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, October 12th. Truist raised their target price on Marathon Oil from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, October 7th. Scotiabank cut Marathon Oil from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $5.37 to $19.00 in a report on Wednesday, November 17th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on Marathon Oil from $15.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 6th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.18.

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MRO opened at $18.24 on Monday. Marathon Oil has a 1-year low of $7.17 and a 1-year high of $18.33. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of -303.95, a P/E/G ratio of 0.53 and a beta of 3.02. The business has a 50 day moving average of $16.28 and a 200-day moving average of $14.19.

The company also recently announced a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Wednesday, November 17th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, November 16th. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.05. Marathon Oil’s dividend payout ratio (DPR) is currently -399.93%.

In other Marathon Oil news, CAO Gary Eugene Wilson sold 99,174 shares of the business’s stock in a transaction that occurred on Tuesday, December 7th. The stock was sold at an average price of $16.37, for a total transaction of $1,623,478.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Patrick Wagner sold 62,157 shares of the business’s stock in a transaction that occurred on Wednesday, November 24th. The stock was sold at an average price of $16.83, for a total value of $1,046,102.31. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Marathon Oil during the 2nd quarter worth approximately $25,000. Reilly Financial Advisors LLC bought a new position in shares of Marathon Oil during the 3rd quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Marathon Oil in the 3rd quarter valued at $27,000. Dark Forest Capital Management LP boosted its stake in Marathon Oil by 4,155.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 3,277 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 3,200 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in Marathon Oil by 238.6% in the 3rd quarter. Moors & Cabot Inc. now owns 55,000 shares of the oil and gas producer’s stock valued at $62,000 after purchasing an additional 38,758 shares during the period. Institutional investors own 70.87% of the company’s stock.

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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