Analysts Expect Marathon Oil Co. (NYSE:MRO) to Announce $0.06 EPS

Wall Street brokerages predict that Marathon Oil Co. (NYSE:MRO) will post earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Marathon Oil’s earnings, with estimates ranging from ($0.03) to $0.26. Marathon Oil reported earnings of ($0.16) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 137.5%. The firm is expected to issue its next earnings results after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Marathon Oil will report full year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from ($0.12) to $0.77. For the next fiscal year, analysts expect that the firm will post earnings of $0.14 per share, with EPS estimates ranging from ($0.34) to $0.64. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Marathon Oil.

Marathon Oil (NYSE:MRO) last released its earnings results on Sunday, February 21st. 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. The firm had revenue of $830.00 million during the quarter, compared to analysts’ expectations of $846.86 million. Marathon Oil had a negative return on equity of 6.64% and a negative net margin of 32.64%. The company’s revenue was down 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS.

MRO has been the subject of several analyst reports. TheStreet upgraded Marathon Oil from a “d” rating to a “c-” rating in a report on Thursday, March 11th. Citigroup raised their price objective on Marathon Oil from $9.00 to $12.00 in a report on Tuesday, March 23rd. Truist upgraded Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, January 14th. Siebert Williams Shank cut Marathon Oil from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Thursday, March 4th. Finally, Raymond James restated a “buy” rating on shares of Marathon Oil in a report on Wednesday, February 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.96.

Shares of NYSE MRO traded down $0.04 during mid-day trading on Friday, hitting $10.40. The company had a trading volume of 621,410 shares, compared to its average volume of 27,631,135. The company has a market capitalization of $8.20 billion, a PE ratio of -7.25 and a beta of 3.36. The firm has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $7.84. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. Marathon Oil has a one year low of $3.73 and a one year high of $13.29.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 17th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 16th. This represents a $0.12 annualized dividend and a yield of 1.15%. Marathon Oil’s dividend payout ratio (DPR) is presently 16.00%.

In other news, CEO Lee M. Tillman sold 67,500 shares of the firm’s stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $11.08, for a total transaction of $747,900.00. Following the transaction, the chief executive officer now directly owns 1,270,512 shares of the company’s stock, valued at $14,077,272.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael A. Henderson sold 20,938 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $12.55, for a total transaction of $262,771.90. Following the transaction, the vice president now directly owns 223,349 shares in the company, valued at $2,803,029.95. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MRO. Vantage Consulting Group Inc bought a new position in shares of Marathon Oil during the fourth quarter worth approximately $25,000. Jeppson Wealth Management LLC bought a new position in Marathon Oil in the third quarter valued at approximately $28,000. Perigon Wealth Management LLC bought a new position in Marathon Oil in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its stake in Marathon Oil by 46.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,936 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 1,559 shares during the last quarter. Finally, CI Investments Inc. bought a new position in Marathon Oil in the fourth quarter valued at approximately $39,000. 67.11% of the stock is currently owned by institutional investors.

Marathon Oil Company Profile

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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