Marathon Oil Corporation (NYSE:MRO) – Equities researchers at Jefferies Group cut their FY2017 EPS estimates for Marathon Oil Corporation in a report released on Tuesday. Jefferies Group analyst J. Gammel now anticipates that the oil and gas producer will post earnings of ($0.57) per share for the year, down from their prior estimate of ($0.37). Jefferies Group currently has a “Hold” rating and a $12.00 target price on the stock. Jefferies Group also issued estimates for Marathon Oil Corporation’s FY2018 earnings at ($0.18) EPS and FY2019 earnings at $0.28 EPS.

Marathon Oil Corporation (NYSE:MRO) last issued its 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. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned ($0.23) EPS. Marathon Oil Corporation’s quarterly revenue was down 4.0% on a year-over-year basis.

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Several other brokerages have also recently issued reports on MRO. Citigroup Inc. raised Marathon Oil Corporation from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Royal Bank Of Canada set a $20.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. ValuEngine cut Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stephens started coverage on Marathon Oil Corporation in a report on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 price objective for the company. Finally, BidaskClub cut Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. Marathon Oil Corporation currently has an average rating of “Hold” and an average price target of $17.33.

Marathon Oil Corporation (NYSE MRO) opened at 11.27 on Thursday. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28. The firm has a 50-day moving average price of $11.68 and a 200-day moving average price of $13.68. The firm’s market capitalization is $9.58 billion.

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Marathon Oil Corporation during the first quarter worth $103,000. Integrated Investment Consultants LLC boosted its stake in shares of Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares during the last quarter. Klingenstein Fields & Co. LLC boosted its stake in shares of Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 83 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Marathon Oil Corporation during the second quarter worth $122,000. Finally, Algert Global LLC bought a new stake in shares of Marathon Oil Corporation during the first quarter worth $164,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s payout ratio is currently -2.55%.

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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