Capital One Financial Analysts Lower Earnings Estimates for Marathon Oil Co. (NYSE:MRO)


Marathon Oil Co. (NYSE:MROGet Rating) – Analysts at Capital One Financial dropped their Q1 2022 EPS estimates for Marathon Oil in a report released on Tuesday, April 19th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.83 per share for the quarter, down from their previous estimate of $1.05. Capital One Financial also issued estimates for Marathon Oil’s Q2 2022 earnings at $0.83 EPS, Q3 2022 earnings at $0.85 EPS, FY2022 earnings at $3.39 EPS and FY2023 earnings at $2.80 EPS.

Marathon Oil (NYSE:MROGet Rating) last released its earnings results on Wednesday, February 16th. The oil and gas producer reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.22. Marathon Oil had a net margin of 17.30% and a return on equity of 11.60%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned ($0.12) EPS. The business’s revenue was up 116.9% on a year-over-year basis.

Several other research firms also recently issued reports on MRO. Barclays boosted their price objective on shares of Marathon Oil from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Citigroup upped their target price on shares of Marathon Oil from $17.00 to $20.00 in a research note on Monday, January 3rd. Piper Sandler upped their target price on shares of Marathon Oil from $27.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Raymond James upped their target price on shares of Marathon Oil from $27.00 to $31.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 22nd. Finally, Royal Bank of Canada upped their target price on shares of Marathon Oil from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, March 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $26.80.

NYSE:MRO opened at $27.65 on Thursday. The firm’s 50-day moving average is $23.96 and its 200-day moving average is $19.49. Marathon Oil has a 52-week low of $9.70 and a 52-week high of $27.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 0.45 and a beta of 2.76.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp lifted its holdings in Marathon Oil by 111.7% in the first quarter. Sigma Planning Corp now owns 43,622 shares of the oil and gas producer’s stock valued at $1,095,000 after buying an additional 23,012 shares during the period. Adams Asset Advisors LLC acquired a new stake in Marathon Oil in the first quarter worth $228,000. Harbor Investment Advisory LLC raised its holdings in Marathon Oil by 138.9% in the first quarter. Harbor Investment Advisory LLC now owns 1,720 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 1,000 shares during the period. Koshinski Asset Management Inc. raised its holdings in Marathon Oil by 67.3% in the first quarter. Koshinski Asset Management Inc. now owns 4,187 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 1,685 shares during the period. Finally, Richelieu Gestion PLC acquired a new stake in Marathon Oil in the first quarter worth $188,000. Institutional investors and hedge funds own 77.26% of the company’s stock.

In related news, insider Patrick Wagner sold 21,673 shares of the stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $25.45, for a total value of $551,577.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Rob L. White sold 8,700 shares of the stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $23.00, for a total transaction of $200,100.00. The disclosure for this sale can be found here. Insiders have sold 1,180,065 shares of company stock worth $29,703,167 over the last quarter. 0.76% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Wednesday, February 16th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, February 15th. Marathon Oil’s dividend payout ratio is presently 23.14%.

About Marathon Oil (Get Rating)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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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Earnings History and Estimates for Marathon Oil (NYSE:MRO)



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