Analysts forecast that Marathon Oil Co. (NYSE:MRO) will report sales of $1.26 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Marathon Oil’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.47 billion. Marathon Oil reported sales of $1.39 billion in the same quarter last year, which indicates a negative year over year growth rate of 9.4%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Marathon Oil will report full-year sales of $1.26 billion for the current fiscal year, with estimates ranging from $4.19 billion to $5.11 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.27 billion per share, with estimates ranging from $4.18 billion to $6.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Marathon Oil.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 19.87% and a negative net margin of 48.58%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned ($0.23) earnings per share. Marathon Oil’s quarterly revenue was up 26.5% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRO. Mackenzie Financial Corp purchased a new position in Marathon Oil during the third quarter worth approximately $149,000. Glenview Trust Co lifted its position in Marathon Oil by 13.5% during the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 1,550 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Marathon Oil during the third quarter worth approximately $159,000. Northwestern Mutual Wealth Management Co. lifted its position in Marathon Oil by 21.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock worth $166,000 after buying an additional 2,486 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Marathon Oil during the third quarter worth approximately $173,000. Institutional investors and hedge funds own 80.34% of the company’s stock.
Shares of Marathon Oil (MRO) traded up $0.08 on Wednesday, reaching $18.05. The company’s stock had a trading volume of 12,120,400 shares, compared to its average volume of 10,666,334. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil has a one year low of $10.55 and a one year high of $18.15. The firm has a market capitalization of $15,320.00, a price-to-earnings ratio of -7.05 and a beta of 2.38.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. Marathon Oil’s dividend payout ratio (DPR) is presently -7.81%.
Marathon Oil Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Marathon Oil? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marathon Oil and related companies.