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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