Marathon Oil Corp. (NYSE:MRO) – Equities research analysts at Capital One Financial Corp. lifted their Q3 2016 earnings per share estimates for shares of Marathon Oil Corp. in a research report issued on Monday. Capital One Financial Corp. analyst P. Johnston now anticipates that the brokerage will post earnings per share of ($0.10) for the quarter, up from their prior forecast of ($0.11). Capital One Financial Corp. has a “Overweight” rating and a $17.00 price objective on the stock. Capital One Financial Corp. also issued estimates for Marathon Oil Corp.’s Q4 2016 earnings at ($0.10) EPS, FY2016 earnings at ($0.87) EPS and FY2017 earnings at ($0.43) EPS.
Several other analysts also recently weighed in on MRO. Royal Bank Of Canada reissued a “hold” rating on shares of Marathon Oil Corp. in a research report on Saturday, July 9th. Jefferies Group reissued a “buy” rating and set a $17.00 target price (up previously from $16.00) on shares of Marathon Oil Corp. in a research report on Monday, July 11th. Bank of America Corp. began coverage on shares of Marathon Oil Corp. in a research report on Tuesday, June 21st. They set a “hold” rating on the stock. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $18.50 price objective (up from $18.00) on shares of Marathon Oil Corp. in a report on Tuesday, June 21st. Finally, Wolfe Research raised shares of Marathon Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.02.
Marathon Oil Corp. (NYSE:MRO) opened at 16.08 on Wednesday. The company’s 50-day moving average is $15.37 and its 200 day moving average is $13.89. The stock’s market capitalization is $13.62 billion. Marathon Oil Corp. has a 1-year low of $6.52 and a 1-year high of $20.44.
Marathon Oil Corp. (NYSE:MRO) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Marathon Oil Corp. had a negative net margin of 43.87% and a negative return on equity of 5.07%. Marathon Oil Corp.’s quarterly revenue was down 15.0% on a year-over-year basis. During the same period last year, the company posted ($0.23) earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, August 15th. Marathon Oil Corp.’s dividend payout ratio (DPR) is -6.58%.
Several large investors have recently modified their holdings of MRO. F&V Capital Management LLC boosted its stake in shares of Marathon Oil Corp. by 5.1% in the third quarter. F&V Capital Management LLC now owns 162,075 shares of the company’s stock worth $2,562,000 after buying an additional 7,870 shares during the period. First American Trust FSB raised its stake in shares of Marathon Oil Corp. by 4.3% in the third quarter. First American Trust FSB now owns 187,649 shares of the company’s stock worth $2,966,000 after buying an additional 7,780 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Marathon Oil Corp. during the third quarter worth about $221,000. Macquarie Group Ltd. raised its stake in shares of Marathon Oil Corp. by 0.5% in the second quarter. Macquarie Group Ltd. now owns 21,983,380 shares of the company’s stock worth $329,971,000 after buying an additional 110,766 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Marathon Oil Corp. during the second quarter worth about $514,000. Institutional investors and hedge funds own 80.96% of the company’s stock.
About Marathon Oil Corp.
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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