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.
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
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.
- Get a free copy of the StockNews.com research report on Marathon Oil (MRO)
- 5 Best Bank ETFs to Buy Now
- How to Invest in Telehealth and Telemedicine Stocks
- Target’s Guidance Looms Over The Market
- Want Clean Energy? Siemens May Be Pointing To A Breakout
- Up Over 2,600% in 5 Years, Wall Street Still Calls Celsius a Buy
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.