Marathon Oil (NYSE:MRO) – Piper Jaffray issued their Q1 2018 earnings estimates for Marathon Oil in a note issued to investors on Sunday, April 22nd. Piper Jaffray analyst G. Baber anticipates that the oil and gas producer will post earnings of $0.15 per share for the quarter. Piper Jaffray also issued estimates for Marathon Oil’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.13 EPS and Q1 2020 earnings at $0.15 EPS.
Several other analysts also recently commented on the stock. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, January 4th. Morgan Stanley increased their target price on shares of Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, January 15th. JPMorgan Chase upgraded shares of Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Monday, March 26th. Finally, R. F. Lafferty reiterated a “buy” rating and issued a $27.00 target price (up previously from $26.00) on shares of Marathon Oil in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. Marathon Oil presently has a consensus rating of “Hold” and a consensus price target of $18.52.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share.
A number of large investors have recently modified their holdings of MRO. Millennium Management LLC boosted its position in Marathon Oil by 82.1% during the fourth quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock worth $314,838,000 after purchasing an additional 8,385,155 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Marathon Oil during the fourth quarter worth about $63,616,000. Cornerstone Capital Management Holdings LLC. boosted its position in Marathon Oil by 903.0% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 1,781,062 shares of the oil and gas producer’s stock worth $30,152,000 after purchasing an additional 1,603,485 shares during the period. Polaris Greystone Financial Group LLC bought a new position in Marathon Oil during the fourth quarter worth about $20,069,000. Finally, Teacher Retirement System of Texas boosted its position in Marathon Oil by 271.9% during the fourth quarter. Teacher Retirement System of Texas now owns 1,270,984 shares of the oil and gas producer’s stock worth $21,518,000 after purchasing an additional 929,184 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. Marathon Oil’s dividend payout ratio is presently -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.
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