Marathon Oil Co. (NYSE:MRO) – Analysts at Capital One Financial increased their Q2 2019 earnings per share estimates for Marathon Oil in a research note issued to investors on Thursday, May 23rd. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.17. Capital One Financial has a “Overweight” rating on the stock.
MRO has been the subject of several other reports. ValuEngine cut shares of Marathon Oil from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Argus lowered their price objective on shares of Marathon Oil from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marathon Oil in a research note on Tuesday, March 5th. Morgan Stanley set a $20.00 price objective on shares of Marathon Oil and gave the company a “hold” rating in a research note on Tuesday, January 29th. Finally, TheStreet raised shares of Marathon Oil from a “c+” rating to a “b-” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.20.
Shares of NYSE MRO opened at $14.43 on Monday. Marathon Oil has a 52-week low of $12.57 and a 52-week high of $24.20. The firm has a market cap of $11.80 billion, a PE ratio of 20.32, a P/E/G ratio of 2.24 and a beta of 2.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.18 EPS. Marathon Oil’s revenue for the quarter was down 30.9% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Marathon Oil’s payout ratio is 28.17%.
Several large investors have recently bought and sold shares of MRO. Deutsche Bank AG boosted its holdings in Marathon Oil by 36.1% in the 4th quarter. Deutsche Bank AG now owns 5,507,722 shares of the oil and gas producer’s stock valued at $78,976,000 after purchasing an additional 1,460,859 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Marathon Oil by 29.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,099,891 shares of the oil and gas producer’s stock valued at $15,772,000 after purchasing an additional 247,363 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Marathon Oil by 8.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 515,523 shares of the oil and gas producer’s stock valued at $7,393,000 after purchasing an additional 39,216 shares during the last quarter. Arizona State Retirement System increased its position in shares of Marathon Oil by 0.9% during the 1st quarter. Arizona State Retirement System now owns 616,821 shares of the oil and gas producer’s stock valued at $10,307,000 after purchasing an additional 5,214 shares during the last quarter. Finally, Perella Weinberg Partners Capital Management LP increased its position in shares of Marathon Oil by 37.8% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 791,274 shares of the oil and gas producer’s stock valued at $11,347,000 after purchasing an additional 217,235 shares during the last quarter. Institutional investors and hedge funds own 82.00% of the company’s stock.
Marathon Oil Company Profile
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.