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

Posted by Defense World Staff on May 18th, 2023

Marathon Oil Co. (NYSE:MRO – Get Rating) – Stock analysts at Capital One Financial decreased their FY2023 earnings per share (EPS) estimates for shares of Marathon Oil in a note issued to investors on Monday, May 15th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will earn $2.68 per share for the year, down from their previous forecast of $2.77. The consensus estimate for Marathon Oil’s current full-year earnings is $2.88 per share. Capital One Financial also issued estimates for Marathon Oil’s FY2024 earnings at $3.73 EPS and FY2025 earnings at $3.16 EPS.

Marathon Oil (NYSE:MRO – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Marathon Oil had a return on equity of 24.17% and a net margin of 34.22%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS.

Several other equities research analysts also recently issued reports on MRO. Benchmark upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, February 16th. Jefferies Financial Group cut their price objective on Marathon Oil from $29.00 to $25.00 in a report on Monday. UBS Group started coverage on Marathon Oil in a report on Wednesday, April 19th. They issued a “buy” rating and a $33.00 price objective on the stock. The Goldman Sachs Group upped their price target on Marathon Oil from $24.00 to $28.00 and gave the stock a “sell” rating in a report on Friday, April 21st. Finally, Raymond James upped their price target on Marathon Oil from $43.00 to $48.00 and gave the stock a “strong-buy” rating in a report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.47.

Marathon Oil Price Performance

MRO stock opened at $22.71 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.03 billion, a PE ratio of 5.58, a P/E/G ratio of 0.39 and a beta of 2.39. Marathon Oil has a 12-month low of $19.42 and a 12-month high of $33.42. The business’s fifty day moving average price is $23.64 and its 200 day moving average price is $26.45.

Institutional Trading of Marathon Oil

Hedge funds have recently added to or reduced their stakes in the stock. HWG Holdings LP acquired a new stake in shares of Marathon Oil in the 3rd quarter valued at approximately $25,000. ICA Group Wealth Management LLC lifted its holdings in shares of Marathon Oil by 92.6% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 522 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Marathon Oil in the 1st quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Marathon Oil in the 4th quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Marathon Oil by 39.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,379 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 393 shares during the period. 77.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marathon Oil

In related news, CAO Rob L. White sold 5,000 shares of the company’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $22.85, for a total value of $114,250.00. Following the completion of the sale, the chief accounting officer now directly owns 39,344 shares of the company’s stock, valued at approximately $899,010.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Marathon Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Wednesday, May 17th will be given a $0.10 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. Marathon Oil’s dividend payout ratio (DPR) is presently 9.83%.

Marathon Oil Company Profile

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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.