Marathon Oil Corporation (NYSE:MRO) – Analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of Marathon Oil Corporation in a note issued to investors on Friday. Jefferies Group analyst J. Gammel forecasts that the oil and gas producer will post earnings of ($0.08) per share for the quarter. Jefferies Group has a “Hold” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Marathon Oil Corporation’s Q4 2017 earnings at ($0.04) EPS and FY2018 earnings at $0.34 EPS.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) EPS.

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Several other equities research analysts also recently commented on MRO. Scotiabank set a $21.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. Barclays PLC set a $11.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 4th. Vetr downgraded Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a report on Monday. Zacks Investment Research upgraded Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.44.

Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.37 on Monday. Marathon Oil Corporation has a 52 week low of $11.20 and a 52 week high of $19.28. The firm’s 50-day moving average is $11.89 and its 200-day moving average is $14.47. The company’s market cap is $10.51 billion. Marathon Oil Corporation also saw unusually large options trading on Monday. Stock traders bought 1,294 call options on the stock. This represents an increase of 127% compared to the average daily volume of 569 call options.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.62%. Marathon Oil Corporation’s payout ratio is currently -2.55%.

Several hedge funds and other institutional investors have recently bought and sold shares of MRO. BlackRock Inc. boosted its position in Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Marathon Oil Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock worth $57,689,000 after buying an additional 164,096 shares during the last quarter. Engineers Gate Manager LP boosted its position in Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock worth $1,804,000 after buying an additional 26,295 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Marathon Oil Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer’s stock worth $56,480,000 after buying an additional 171,406 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after buying an additional 1,905 shares during the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.

About Marathon Oil Corporation

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

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

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