Piper Sandler Comments on

Marathon Oil Co. (NYSE:MRO) – Research analysts at Piper Sandler decreased their Q4 2021 earnings per share estimates for shares of Marathon Oil in a research note issued on Wednesday, January 26th. Piper Sandler analyst M. Lear now forecasts that the oil and gas producer will earn $0.55 per share for the quarter, down from their previous estimate of $0.56. Piper Sandler currently has a “Neutral” rating and a $18.00 target price on the stock. Piper Sandler also issued estimates for Marathon Oil’s Q2 2022 earnings at $0.77 EPS, Q3 2022 earnings at $0.76 EPS, Q4 2022 earnings at $0.73 EPS, FY2022 earnings at $3.06 EPS, Q1 2023 earnings at $0.75 EPS, Q2 2023 earnings at $0.65 EPS, Q3 2023 earnings at $0.63 EPS, Q4 2023 earnings at $0.61 EPS and FY2023 earnings at $2.64 EPS.

Several other analysts have also weighed in on the company. Raymond James lifted their price objective on Marathon Oil from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 11th. Mizuho cut their target price on Marathon Oil from $24.00 to $23.00 in a research report on Monday, January 3rd. Scotiabank downgraded 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 research report on Wednesday, November 17th. They noted that the move was a valuation call. Benchmark started coverage on Marathon Oil in a research report on Tuesday, October 26th. They set a “buy” rating and a $19.00 target price for the company. 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 research report on Wednesday, October 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $19.13.

(Ad)

Whether you’re looking to learn the basics of futures or are a seasoned vet looking to hone your trading skills, our Technical Analysis Guide has everything you need to succeed in today’s futures markets!

Shares of NYSE:MRO opened at $19.85 on Friday. Marathon Oil has a 1-year low of $7.20 and a 1-year high of $20.58. The firm has a market capitalization of $15.45 billion, a PE ratio of -330.78, a PEG ratio of 0.39 and a beta of 3.02. The business’s 50 day moving average is $16.90 and its 200-day moving average is $14.71. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Marathon Oil had a negative net margin of 0.91% and a positive return on equity of 5.17%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted ($0.28) EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Reilly Financial Advisors LLC acquired a new position in shares of Marathon Oil in the third quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Marathon Oil during the third quarter worth $27,000. Concord Wealth Partners lifted its holdings in shares of Marathon Oil by 1,554.0% during the fourth quarter. Concord Wealth Partners now owns 2,299 shares of the oil and gas producer’s stock worth $38,000 after purchasing an additional 2,160 shares during the period. Dark Forest Capital Management LP lifted its holdings in shares of Marathon Oil by 4,155.8% during the third quarter. Dark Forest Capital Management LP now owns 3,277 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 3,200 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Marathon Oil by 69.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 2,879 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 1,176 shares during the period. 73.22% of the stock is owned by hedge funds and other institutional investors.

In other Marathon Oil news, 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 transaction of $1,623,478.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Wagner sold 62,157 shares of the business’s stock in a transaction dated 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. Insiders own 0.76% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Wednesday, February 16th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. This is a boost from Marathon Oil’s previous quarterly dividend of $0.06. 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.

Read More: What is a price target?

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]

Should you invest $1,000 in Marathon Oil right now?

Before you consider Marathon Oil, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Marathon Oil wasn’t on the list.

While Marathon Oil currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Source

Hippo Sighting Report

Help us out, we really appreciate it.

Help contribute to our research, and let us know if you have seen similar situations that we may have missed. Our team will review the details you provide and add to our main list once we verify the information.

stay informed

Subscribe and get the updated Hippo List.

Get notified when we release our updated lists by email.

Make a Donation

Thank you for subscribing!

We will send you an email to confirm your details.  Welcome aboard!

Thanks for sending us your report.

We will review your information, and publish in on our list once we validate the details.