FY2017 EPS Estimates for Marathon Oil Co. (MRO) Boosted by Capital One Financial

Marathon Oil Co. (NYSE:MRO) – Equities researchers at Capital One Financial increased their FY2017 EPS estimates for shares of Marathon Oil in a research report issued on Tuesday. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings of ($0.30) per share for the year, up from their previous forecast of ($0.33).

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their price target on shares of Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, January 15th. Jefferies Group restated a “hold” rating and issued a $19.80 price target on shares of Marathon Oil in a report on Friday, January 19th. Stifel Nicolaus set a $18.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets restated a “hold” rating and issued a $21.00 price target on shares of Marathon Oil in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. Marathon Oil has a consensus rating of “Hold” and a consensus price target of $17.91.

Shares of Marathon Oil (MRO) opened at $15.68 on Friday. Marathon Oil has a 12-month low of $10.55 and a 12-month high of $19.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. The firm has a market cap of $13,875.01, a price-to-earnings ratio of -1.88, a PEG ratio of 4.13 and a beta of 2.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is -2.40%.

Several institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. bought a new position in shares of Marathon Oil during the third quarter valued at about $81,114,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Marathon Oil by 10.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares in the last quarter. AXA lifted its position in shares of Marathon Oil by 735.2% during the third quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock valued at $37,231,000 after purchasing an additional 2,416,889 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Marathon Oil by 759.1% during the third quarter. Janus Henderson Group PLC now owns 1,416,384 shares of the oil and gas producer’s stock valued at $19,199,000 after purchasing an additional 1,251,525 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Marathon Oil by 236.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,472,329 shares of the oil and gas producer’s stock valued at $19,965,000 after purchasing an additional 1,034,170 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2018/02/09/fy2017-eps-estimates-for-marathon-oil-co-mro-boosted-by-capital-one-financial.html.

About Marathon Oil

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.

Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit