Wall Street brokerages expect Marathon Oil Co. (NYSE:MRO) to post $0.22 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Marathon Oil’s earnings, with estimates ranging from $0.10 to $0.28. Marathon Oil reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year over year growth rate of 375%. The business is expected to report its next earnings report on Wednesday, November 7th.

On average, analysts expect that Marathon Oil will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $1.12. For the next year, analysts expect that the firm will post earnings of $1.06 per share, with EPS estimates ranging from $0.74 to $1.52. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted ($0.24) EPS. The firm’s revenue was up 33.8% on a year-over-year basis.

Several brokerages have recently issued reports on MRO. BMO Capital Markets reissued a “hold” rating and issued a $23.00 target price on shares of Marathon Oil in a research report on Tuesday, July 10th. Stifel Nicolaus set a $21.00 target price on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Morgan Stanley began coverage on Marathon Oil in a research report on Thursday, July 12th. They issued an “equal weight” rating and a $23.00 target price for the company. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Wednesday, July 4th. Finally, Tudor Pickering raised Marathon Oil from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Marathon Oil presently has an average rating of “Buy” and a consensus price target of $21.65.

Several institutional investors have recently bought and sold shares of MRO. Wells Fargo & Company MN grew its stake in shares of Marathon Oil by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,180,732 shares of the oil and gas producer’s stock worth $35,175,000 after buying an additional 14,543 shares during the last quarter. Rhumbline Advisers boosted its stake in Marathon Oil by 0.7% during the 1st quarter. Rhumbline Advisers now owns 1,515,083 shares of the oil and gas producer’s stock valued at $24,438,000 after purchasing an additional 10,558 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Marathon Oil by 44.6% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 58,873 shares of the oil and gas producer’s stock valued at $898,000 after purchasing an additional 18,166 shares during the last quarter. Dupont Capital Management Corp boosted its stake in Marathon Oil by 40.2% during the 1st quarter. Dupont Capital Management Corp now owns 9,859 shares of the oil and gas producer’s stock valued at $159,000 after purchasing an additional 2,829 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Marathon Oil by 6.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 97,230 shares of the oil and gas producer’s stock valued at $1,568,000 after purchasing an additional 5,495 shares during the last quarter. Institutional investors own 80.60% of the company’s stock.

Shares of NYSE:MRO traded up $0.02 during trading on Wednesday, hitting $20.56. The stock had a trading volume of 8,680,800 shares, compared to its average volume of 12,220,541. Marathon Oil has a 12 month low of $11.65 and a 12 month high of $22.74. The firm has a market capitalization of $17.53 billion, a P/E ratio of -54.55, a P/E/G ratio of 1.62 and a beta of 2.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Wednesday, August 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. Marathon Oil’s payout ratio is currently -52.63%.

About Marathon Oil

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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