Marathon Oil Corp. Expected to Earn Q3 2016 Earnings of ($0.10) Per Share (MRO)
Marathon Oil Corp. (NYSE:MRO) – Analysts at Capital One Financial Corp. lifted their Q3 2016 earnings per share estimates for Marathon Oil Corp. in a research report issued to clients and investors on Monday. Capital One Financial Corp. analyst P. Johnston now forecasts that the firm will post earnings of ($0.10) per share for the quarter, up from their prior estimate of ($0.11). Capital One Financial Corp. currently has a “Overweight” rating and a $17.00 target price 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.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, July 5th. Jefferies Group reiterated a “buy” rating and set a $17.00 price target (up from $16.00) on shares of Marathon Oil Corp. in a research report on Monday, July 11th. Credit Suisse Group AG reiterated a “buy” rating and set a $18.50 price target (up from $18.00) on shares of Marathon Oil Corp. in a research report on Tuesday, June 21st. Bank of America Corp. upgraded shares of Marathon Oil Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.90 to $21.00 in a research report on Tuesday, August 16th. Finally, Morgan Stanley upgraded shares of Marathon Oil Corp. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $18.00 to $21.00 in a research report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.02.
Marathon Oil Corp. (NYSE:MRO) opened at 16.12 on Wednesday. The firm has a 50 day moving average of $15.36 and a 200-day moving average of $13.88. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $20.44. The stock’s market cap is $13.66 billion.
Marathon Oil Corp. (NYSE:MRO) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.05. Marathon Oil Corp. had a negative net margin of 43.87% and a negative return on equity of 5.07%. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share. Marathon Oil Corp.’s revenue for the quarter was down 15.0% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the stock. I.G. Investment Management LTD. purchased a new position in shares of Marathon Oil Corp. during the second quarter valued at about $101,000. Integrated Investment Consultants LLC boosted its position in shares of Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock valued at $106,000 after buying an additional 2,234 shares in the last quarter. Hallmark Capital Management Inc. purchased a new position in shares of Marathon Oil Corp. during the second quarter valued at about $111,000. Exane Derivatives purchased a new position in shares of Marathon Oil Corp. during the second quarter valued at about $112,000. Finally, Pinkerton Retirement Specialists LLC bought a new position in Marathon Oil Corp. during the second quarter worth $122,000. 80.96% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.20 annualized dividend and a yield of 1.24%. Marathon Oil Corp.’s dividend payout ratio is currently -6.58%.
Marathon Oil Corp. Company Profile
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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