Capital One Financial Weighs in on Marathon Oil Co.’s Q1 2022 Earnings (NYSE:MRO)

Marathon Oil Co. (NYSE:MROGet Rating) – Capital One Financial lifted their Q1 2022 EPS estimates for shares of Marathon Oil in a research note issued on Wednesday, April 13th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $1.05 per share for the quarter, up from their prior estimate of $0.99. Capital One Financial also issued estimates for Marathon Oil’s FY2022 earnings at $4.16 EPS.

Marathon Oil (NYSE:MROGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The oil and gas producer reported $0.77 EPS for the quarter, beating the consensus estimate of $0.55 by $0.22. Marathon Oil had a return on equity of 11.60% and a net margin of 17.30%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 116.9% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company increased their price target on Marathon Oil from $24.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Barclays increased their price objective on Marathon Oil from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday. Credit Suisse Group increased their price objective on Marathon Oil from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, February 17th. Citigroup increased their price objective on Marathon Oil from $17.00 to $20.00 in a research report on Monday, January 3rd. Finally, Piper Sandler raised their target price on Marathon Oil from $27.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.80.

Shares of MRO stock opened at $26.61 on Friday. Marathon Oil has a 12 month low of $9.70 and a 12 month high of $26.95. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $23.51 and its two-hundred day moving average is $19.13. The company has a market cap of $19.12 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 0.45 and a beta of 2.76.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Wednesday, February 16th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. This is a boost from Marathon Oil’s previous quarterly dividend of $0.06. Marathon Oil’s dividend payout ratio (DPR) is 23.14%.

In other Marathon Oil news, CAO Rob L. White sold 8,700 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $23.00, for a total value of $200,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Patrick Wagner sold 65,218 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $25.63, for a total value of $1,671,537.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,180,065 shares of company stock worth $29,703,167. Company insiders own 0.76% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in shares of Marathon Oil by 22.8% during the 2nd quarter. Morgan Stanley now owns 4,584,777 shares of the oil and gas producer’s stock valued at $62,444,000 after acquiring an additional 851,968 shares during the period. Strs Ohio increased its holdings in Marathon Oil by 5.0% in the 3rd quarter. Strs Ohio now owns 114,429 shares of the oil and gas producer’s stock worth $1,564,000 after purchasing an additional 5,450 shares in the last quarter. Spire Wealth Management increased its stake in shares of Marathon Oil by 64.6% in the third quarter. Spire Wealth Management now owns 7,140 shares of the oil and gas producer’s stock valued at $98,000 after buying an additional 2,803 shares during the period. WINTON GROUP Ltd increased its stake in shares of Marathon Oil by 35.1% in the third quarter. WINTON GROUP Ltd now owns 85,156 shares of the oil and gas producer’s stock valued at $1,164,000 after buying an additional 22,115 shares during the period. Finally, Intrua Financial LLC increased its stake in shares of Marathon Oil by 7.2% in the third quarter. Intrua Financial LLC now owns 15,307 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 1,026 shares during the period. Institutional investors and hedge funds own 77.26% of the company’s stock.

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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