Marathon Oil Co. (MRO) Expected to Post Quarterly Sales of $1.26 Billion

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 analysts have commented on the company. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, January 4th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price objective on shares of Marathon Oil in a report on Tuesday, November 7th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, November 6th. Citigroup lowered Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Thursday, November 9th. Finally, Scotiabank set a $19.00 price objective on Marathon Oil and gave the company a “buy” rating in a report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.51.

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%.

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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.

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