Marathon Oil (NYSE:MRO) posted its quarterly earnings data on Sunday. The oil and gas producer reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.08, MarketWatch Earnings reports. The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $846.86 million. Marathon Oil had a negative net margin of 32.64% and a negative return on equity of 6.64%. The business’s revenue for the quarter was down 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS.
Shares of Marathon Oil stock traded up $0.97 during midday trading on Tuesday, reaching $11.17. 2,565,290 shares of the company’s stock traded hands, compared to its average volume of 28,875,098. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $6.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.23. The company has a market cap of $8.82 billion, a PE ratio of -7.78 and a beta of 3.36. Marathon Oil has a 12 month low of $3.02 and a 12 month high of $10.65.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Wednesday, February 17th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, February 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. Marathon Oil’s dividend payout ratio is presently 16.00%.
About Marathon Oil
Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. 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, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.
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