Marathon Oil Co. (NYSE:MRO) – Analysts at Seaport Global Securities issued their Q1 2020 earnings per share (EPS) estimates for Marathon Oil in a note issued to investors on Tuesday, January 29th, Zacks Investment Research reports. Seaport Global Securities analyst J. Aschenbeck expects that the oil and gas producer will earn $0.13 per share for the quarter. Seaport Global Securities also issued estimates for Marathon Oil’s Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.15 EPS and Q4 2020 earnings at $0.16 EPS.
MRO has been the topic of several other research reports. Barclays set a $23.00 price target on shares of Marathon Oil and gave the company a “buy” rating in a research report on Wednesday, January 16th. SunTrust Banks began coverage on shares of Marathon Oil in a research report on Monday, December 17th. They issued a “buy” rating and a $25.00 price target on the stock. Mizuho raised shares of Marathon Oil from a “neutral” rating to a “buy” rating and lowered their price target for the company from $28.00 to $27.00 in a research report on Friday, October 19th. Capital One Financial lowered shares of Marathon Oil from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 23rd. Finally, Morgan Stanley set a $20.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.99.
NYSE MRO opened at $16.91 on Thursday. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.38 and a current ratio of 1.43. The company has a market capitalization of $12.58 billion, a PE ratio of -44.50, a price-to-earnings-growth ratio of 2.50 and a beta of 2.22.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis.
A number of large investors have recently modified their holdings of MRO. Bridgeway Capital Management Inc. purchased a new position in Marathon Oil during the third quarter valued at approximately $66,744,000. Janus Henderson Group PLC grew its stake in Marathon Oil by 182.2% during the third quarter. Janus Henderson Group PLC now owns 4,373,712 shares of the oil and gas producer’s stock valued at $101,822,000 after acquiring an additional 2,823,849 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Marathon Oil by 50.1% during the third quarter. Panagora Asset Management Inc. now owns 8,272,613 shares of the oil and gas producer’s stock valued at $192,586,000 after acquiring an additional 2,759,888 shares in the last quarter. Caymus Capital Partners L.P. purchased a new position in Marathon Oil during the third quarter valued at approximately $60,754,000. Finally, Senator Investment Group LP purchased a new position in Marathon Oil during the third quarter valued at approximately $46,560,000. 81.02% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $0.20 annualized dividend and a yield of 1.18%. Marathon Oil’s dividend payout ratio is currently -52.63%.
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 E&P and International E&P. 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.